>> Vietnam exports USD 334.5 million worth of basketry products in five months
>> Merchandise exports up 13.8% in the first half
>> Coffee exports exceed 3 billion USD
| Agricultural products continue to be a key element of export growth, recording growth of 18.8% year-on-year. |
| Photo : VNA/CVN |
According to the director of the said department Bùi Duy Son, the positive trend in the global economy, with a further increase in imports of goods from many countries, is a good sign for Vietnam’s exports in 2024. This is a factor important which helps to increase Vietnam’s GDP to around 6%.
The manufacturing industry was the largest contributor with a combined value of USD 159.92 billion, accounting for 84.63% of the total export turnover and increasing by 13.8% compared to the same period in 2023.
Agricultural products continued to be a key driver of export growth, registering 18.8% year-on-year growth to reach an estimated USD 18.21 billion during the period under review.
According to the Ministry of Industry and Trade, the total turnover of imports and exports of goods was estimated at 369.59 billion USD between January and June, up 16.03 percent year on year, resulting in a trade surplus of 8.4 billion USD.
Deputy Minister of Industry and Trade Phan Thi Thang said the network of free trade agreements (FTAs) with more than 60 markets has expanded opportunities for domestic industries and businesses to boost trade. exports and take advantage of tariff preferences.
The ministry is taking a series of solutions to boost production, stabilize supply for export and domestic market and ensure energy security, she said, adding that it also focused on energy solutions. market to promote exports and domestic consumption, and effectively control imports and quality of goods.
According to World Bank statistics, the value of Vietnam’s exports of goods and services is equivalent to 94% of its GDP, ranking 14e world rank.
Nguyen Duc Hung Linh, director of Think Future Consultancy, said that the export field shows promising signs, noting that export is a direct motivation currently having the greatest impact on Vietnam’s economic growth.
The improvement in purchasing power in developed countries has had a notable impact on the Vietnamese economy. Exports to the United States, the European Union (EU), the Republic of Korea and Japan all returned to strong growth, increasing by 22.3%, 16.1%, 10.9% and 3% respectively. .2%.
Experts estimated that with the positive economic forecasts of developed markets and increasing imports from the United States, Vietnam’s exports are expected to see significant growth in the second half of 2024 and in 2025.
VNA/CVN
