Exports in the final stretch of the year

Inflation and recession in many major markets have caused global purchasing power to decline in many areas. However, in the first 10 months of this year, Vietnam still had an impressive export-import growth rate of over 17% compared to the same period last year, with a value of over 762 billion USD. Enterprises are increasingly proactive and flexible to adapt to new standards, thereby maintaining effective foreign trade activities.

The 16.2% increase in exports in the first 10 months of the year is no small effort, but not only the growth in value, exports also maintained sustainability by maintaining the overwhelming proportion of processed industrial products. This shows that Vietnam is participating more deeply in the global production chain.

Besides, the agricultural, forestry and fishery sector still maintained a good growth rate, demonstrating the level of response of Vietnamese goods to the increasingly high demands of the import market.

Xuất khẩu vào chặng nước rút cuối năm - Ảnh 1. — Businesses are increasingly proactive and flexible to adapt to new standards, thereby maintaining effective foreign trade operations.

However, challenges from the international market caused goods exports in October to decrease slightly by 1.5% compared to the previous month. With less than 2 months left this year, we need to sprint to achieve the export growth target.

Notably, the ten-month trade surplus reached nearly 20 billion USD and the increasing trend of trade surplus towards the end of the year shows Vietnam's ability to make a breakthrough in exports.

With this growth momentum, the Ministry of Industry and Trade forecasts that the total import-export turnover for the whole year could reach a record 900 billion USD, affirming the position and competitiveness of the Vietnamese economy in the global supply chain.

Source: https://vtv.vn/xuat-khau-vao-chang-nuoc-rut-cuoi-nam-10025111020350797.htm