Update news vietnam's export
Inflation in many developed economies has led to a sharp decline in the demand for many of Vietnam’s export products.
Exports of computers, electronic products and components hit $50.828 billion last year, putting it in second position in the group of key export products.
Vietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT).
Vietnam’s export value recorded in the first four months of the year rose 4.7% against the year-ago figure to reach nearly US$83 billion, with trade surplus of an estimated US$3 billion, according to the General Statistics Office.
The combined export value of main agricultural products was estimated at 18.5 billion USD in 2019, down 5.3 percent year on year, according to the Ministry of Agriculture and Rural Development.
Vietnam’s trade turnover reached more than US$493.7 billion from the beginning of this year to mid-December, statistics from the General Department of Customs revealed.
The Ministry of Agriculture and Rural Development has attributed the lowest rice price in 12 years to low demand from China, as many Vietnamese exporters continue to fail to meet this market’s requirements.