Making news

Vietnam's export growth expected at 3-4% this year

Vietnam’s exports this year could grow by 3-4 percent despite the COVID-19 pandemic, according to the Ministry of Industry and Trade.

The ministry said in the first nine months of the year, the country’s export activities still maintained positive growth while many economies in the world and the region saw negative growth. This shows local production activities have gradually recovered after being hit by the pandemic.

Statistics from the ministry showed that the export turnover in January-September period increased by 4.1 percent over the same period last year.

Imports decreased by 0.7 percent compared to the corresponding period last year.

Therefore, in the third quarter of 2020, the import turnover reached 68.5 billion USD, up 3 percent over the same period last year and 18.5 percent over the previous quarter, showing that production began to recover, increasing import demand.

Industrial production, exports and domestic trade for the whole year of 2020 are expected to be more positive than the assessment in July./.