Generally for the first 11 months of 2020, export turnover reached US $ 254.93 billion, up 5.5% over the same period last year.
Processing frozen shrimp for export at Thong Thuan Company Limited (Ninh Thuan). Artwork: Danh Lam / TTXVN
In the context that the COVID-19 epidemic is still complicated, world trade and investment are declining, importing countries increasingly tighten non-tariff barriers, increase domestic protection. Nam continued to maintain positive export growth and record export surplus, showing effectiveness in directing, operating and exploiting, making good use of opportunities to promote export.
* Maintain growth momentum
Statistics of the Ministry of Industry and Trade show that, at the end of November, the country’s export turnover reached 25.14 billion USD, down 7.8% over the previous month; of which, the domestic economic sector reached 7.05 billion USD, down by 2.2%; foreign investment sector (including crude oil) reached nearly 18.1 billion USD, down 9.8%. However, if compared to the same period last year, export turnover in November increased by 10.3%, of which the domestic economic sector increased by 8.8%, the foreign invested sector (including crude oil) increased by 10.8%.
Generally for 11 months of 2020, export turnover reached USD 254.93 billion, up 5.5% over the same period last year; in which, the domestic economic sector reached 73.05 billion USD, up 1.6%, accounting for 28.65% of total export turnover; the foreign invested sector (including crude oil) reached 181.88 billion USD, up 7.1%, accounting for 71.35%.
According to Mr. Tran Thanh Hai, Deputy Director of Import and Export Department (Ministry of Industry and Trade), in 11 months, there were 31 items with export turnover of over 1 billion USD, accounting for 92% of total export turnover; in which there are 6 exported items of over 10 billion USD, accounting for 64.3%.
Specifically, mobile phones and components had the largest export turnover, reaching 46.9 billion USD, accounting for 18.4% of total export turnover, down 3.4% over the same period last year. Followed by electronics, computers and components reached 40.2 billion USD, up 24.3%. Textile and garment products reached US $ 26.7 billion, down 10.5%; machinery, equipment, tools and spare parts reached 23.9 billion USD, up 44.5%; footwear reached 14.9 billion USD, down 9.8%; wood and wood products reached 10.9 billion USD, up 14.1%.
According to Mr. Tran Thanh Hai, except for the group of fuel and mineral goods whose turnover decreased by nearly 50% compared to the same period in 2019, other groups of goods all achieved positive growth. For example, the export turnover of agricultural, forestry and fishery products reached US $ 2.22 billion, up 3.2% over the same period. The items that recorded the growth over the same period last year were seafood, cashew nuts, pepper, rice, rubber …
In contrast, some export products still faced many difficulties such as vegetables and fruits, down 6.7% over the same period in 2019; 30% reduction in coffee; tea decreased 9.4%; cassava and cassava products decreased by 0.4%.
Mr. Tran Thanh Hai also emphasized on the group of processed industrial goods continuing to play a major role in the growth rate with a turnover of USD 216.35 billion, up 6.1% over the same period last year. Some items with good growth rates such as computers, electronic products and components; machinery, equipment, tools and spare parts; wood and wood products …
On the contrary, the export turnover of some other products decreased due to the impact of COVID-19 epidemic such as mobile phones and accessories by 3.4%; textiles and apparel by 10.5%; footwear by 9.8%; bags, purses, suitcases, hats, umbrellas decreased by 17.9% … Comment on export market, according to trade experts, up to now, the United States continues to be the largest export market. of Vietnam. Next is China, EU, ASEAN, Korea, Japan …
Along with the relatively positive situation of exports, Vietnam’s merchandise import turnover in 11 months reached US $ 234.78 billion, up 1.6% over the same period in 2019. In particular, major commodities focus on groups of goods that need to be imported with a turnover of 207.39 billion USD, up 2.1% over the same period in 2019, accounting for 88.44% of total import turnover.
Trade experts said that the trade balance in November reached an export surplus of 660 million USD, bringing the total trade surplus of the first 11 months of 2020 to a record of 20.16 billion USD (the same period in 2019, trade surplus 10, 8 billion USD).
* Exploit advantages
Commenting on the positive results in exports, Deputy Minister of Industry and Trade Cao Quoc Hung said that, over the past time, Vietnamese goods have continued to exploit traditional markets and expand the search and develop more markets. New market from taking advantage of free trade agreements that have taken effect and are continuing to negotiate and sign. Especially when the business community makes better use of the opportunities from FTAs will be a positive factor in promoting the process of exporting goods.
Moreover, along with the continuous reform of administrative procedures, creating an open corridor for businesses to operate has been a great driving force in the development of domestic export businesses as well as attracting expansion. investment and export of products of enterprises.
Production of industrial wooden boards for export at Truong Phat Joint Stock Company (Vietnam Rubber Industry Group) in Phuoc Hoa Industrial Park, Phu Giao District, Binh Duong Province. Artwork: Vu Sinh / TTXVN
Not only that, on November 15, the Regional Comprehensive Economic Partnership (RCEP) to which Vietnam is a member was officially signed, bringing great opportunities for Vietnam when its market size comes. Agreement countries account for more than 32% of global GDP with more than 2.2 billion people and will become the largest free trade region in the world.
However, in order to export to the target according to the set plan and target, in the last month of the year, the Ministry of Industry and Trade continues to closely monitor the movements of the COVID-19 epidemic in the world to take timely response measures. time.
In addition, the Ministry will prioritize the implementation of export promotion activities and export markets to soon recover from the enemy; focus on closely monitoring the situation of each market to review and identify types of goods that countries need to import to exploit and promote exports.
According to Deputy Minister Cao Quoc Hung, the Ministry of Industry and Trade has instructed the units to focus on effectively exploiting Free Trade Agreements, expanding, promoting and diversifying export and import markets as well as propagating, disseminating information about FTAs to support enterprises, especially small and medium enterprises in exploiting and taking advantage of preferences, meeting standards and regulations in FTAs.
On the other hand, building institutions and policies, reforming administrative procedures, reducing and simplifying administrative procedures; promote the implementation of the National Single Window in order to create a favorable and open environment for import and export activities./.
Uyen Huong
Source: BNews / TTXVN
