Import-export turnover surpasses 400-billion-USD mark

Vietnam’s total import-export value topping 403 billion USD as of July 15 (Photo: VNA)

Hanoi (VNA) – Vietnam’s total import-export value topped 403billion USD as of July 15, with a trade deficit of around 1 billion USD.

According to the General Department of Customs, in theperiod, the country earned 201 billion USD from exports, while spending 202billion USD on buying goods from abroad.

The trade turnover in 2022 is forecast to exceed 700 billionUSD, of which exports will approach the 400 billion USD mark.

NIllustrative image (Photo: VNA)

The Ministry of Industry and Trade said that, in order to achievethe export growth target of 8% this year and maintain the trade surplus of theprevious years, the ministry is stepping up support for businesses in market informationand export promotion by taking advantage of commitments in signed free tradeagreements (FTAs) and through joining global value chains to find new markets;and at the same time encouraging them to create new products.

It has also guided localities to build and develop brandsfor strong products, and well handle the issue of traceability to ensure thequality of goods to meet export standards of other countries./.

VNA