Based on the GDP growth rate in 2024, the Ministry of Industry and Trade has set this year’s export turnover target of increasing by roughly 6%, equivalent to US$377 billion, with trade balance maintaining a surplus of about US$15 billion.

The Ministry of Agriculture and Rural Development this morning informed the country’s total import-export turnover of agricultural, forestry and fishery products in the first eight months of the year.

There are concrete signs that Vietnam’s exports are set to recover in the fourth quarter driven by a bottoming out of the US inventory cycle and by an acceleration in multinational firms’ movement of manufacturing to Vietnam.

The industry and trade sector is exerting all-out efforts to achieve the target of 300 billion USD in export turnover this year in the context that the COVID-19 pandemic is seriously affecting global trade.