Ministry seeks to boost exports in Q2

The Ministry of Industry and Trade is seeking measures to boost exports in the second quarter of 2020.
Ministry seeks to boost exports in Q2 ảnh 1Processing tra fish for exports (Photo: VNA)

Hanoi (VNA)
–The Ministry of Industry and Trade is seeking measures to boost exports in thesecond quarter of 2020.

The Vietnam Trade Office in Singapore recently connected with Vietnamese and Singaporeanindustry associations to make use of trade opportunities.

In February 2020, it arranged a trip for a group of Singapore’s fruit andvegetable importers to Vietnam to find supply sources.

As of March 2020, the office had secured over 20 orders for various productssuch as coffee, instant noodles, sweet potato, and fruit.

Meanwhile, the containment of COVID-19in China has presented opportunities for Vietnam to boost its exports to themarket.

According to the ministry, customs clearance for exports to China at bordergates in the north has gradually improved.

As well as China, major markets like the Republic of Korea and Japan witnesseda recovery in March as the pandemic slowed.

In January-March, Vietnam’s exports to China andJapan posted year-on-year growth of 11.5 percent and 3.5 percent, respectively.
In the three-month period, Vietnam exported59.08 billion USD worth of goods, up 0.5 percent against the same period lastyear, but the lowest growth since 2003./.
VNA

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