Vietnam on track to achieve record 600 billion USD in foreign trade: MoIT

(VOVWORLD) - The goal of 600 billion USD in foreign trade, a record high figure, is likely to be met by the end of the year, according to Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

By October 15, Vietnam’s national import-export turnover had exceeded 510 billion USD, the agency said.

4 groups of commodities with an export turnover of at least 1 billion USD included mobile phones and components; computers, electronic products and components; machinery and equipment; and garments.

Vietnam had recorded a trade deficit of 2.45 billion USD by October 15.

The country’s trade balance will heavily depend on the results of the ongoing fight against the COVID-19 pandemic, the MoIT said, adding that it would continue to implement a range of solutions to support businesses and promote exports.

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Vietnam on track to achieve record 600 billion USD in foreign trade: MoIT

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