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Vietnam's bag manufacture urged to make greater efforts to fulfil year-end export target

2022-11-16 16:04

The 10-month foreign trade stood at about $616.24 billion, up 14.1 per cent from the same period last year.

 

That included $312.82 billion in exports, rising 15.9 per cent, with $80.36 billion coming from the domestic sector (up 13.4 per cent) and $232.46 billion from the foreign-invested sector (up 16.8 per cent).

 

Thirty-two commodities recorded export revenue of over $1 billion each during the period, accounting for 92.8 per cent of total overseas shipments. Among them, six brought home over $10 billion each, making up 64.1 per cent.


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Meanwhile, Vit Nam imported about $303.42 billion worth of goods, increasing 12.2 per cent year on year, with the domestic sector accounting for $105.28 billion (up 12.5 per cent) and the foreign invested sector, $198.14 billion (up 12 per cent).

 

Forty-four commodities posted import value of over $1 billion each, accounting for 93 per cent of the total imports. Four of them saw this figure at over $10 billion each, accounting for 52.7 per cent, statistics showed.

 

Between January and October, the US was the largest importer, purchasing some $93.4 billion worth of Vietnamese goods. China ranked first among exporters when shipping $100.7 billion worth of goods to Vit Nam.

 

Vit Nam is on track to see a trade surplus of $10 billion this year despite enduring global market uncertainties and fluctuations, Minister of Trade and Industry Nguyn Hng Diên said, adding that this is certainly a spectacular achievement for Vit Nam this year.

 

He attributed these positive results to solutions the Government, ministries, and especially the business community have implemented to stimulate consumption demand and connect product consumption outlets in order to promote trade exchanges.

 

In the future, priority would be given to promoting exports, strengthening appropriate import management, and ensuring a harmonious and sustainable trade balance beside to promoting official exports in association with industry restructuring, Diên said.


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