According to forecasts of the Ministry of Industry and Trade, Vietnam's total import-export turnover will exceed $ 500 billion in the second half of December 2019.
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According to the General Department of Customs, in the first 11 months of 2019, Vietnam's exports reached US $ 241.7 billion, up 7.9% over the same period in 2018; import turnover reached 230.7 billion USD, up 6.6% over the same period.
With the current progress, Vietnam's total import-export turnover will exceed $ 500 billion in the second half of December 2019.
Despite difficulties, exports in 2019 have greatly improved the business and investment environment, thanks to the Government's determination and efforts of ministries and branches, making progress in reforms. administrative procedures, simplifying investment procedures, supporting start-up businesses, reforming export and import have boosted production and created more sources of goods for export.
In particular, over the past time, the Ministry of Industry and Trade has actively coordinated with related ministries and sectors to conclude negotiations and sign free trade agreements (FTAs); Agreement on trade promotion cooperation. Up to now, Vietnam has participated in negotiations and signed 16 FTAs, of which 12 have signed and entered into force.
In order to continue facilitating the business activities of the business community, the Government has directly directed, urged and operated closely in revising many decisions related to trade, customs, and mechanisms. National single window, specialized inspection, trade facilitation.
In addition, the Government and the Ministry of Industry and Trade are particularly interested in the implementation of the CPTPP. Propaganda and dissemination of other implemented FTA Agreements and EVFTA Agreement; the removal of technical and commercial barriers is paid attention to by the Ministry of Industry and Trade. The Ministry has been proactively grasping the situation of applying trade protection measures of importing countries to promptly inform relevant units and enterprises, and at the same time effectively fight against Technical barriers, unreasonable trade barriers.
However, the Ministry of Industry and Trade stated that import and export activities in 2020 will still face many difficulties and challenges. The Ministry will focus resources, actively deploy solutions to strive to achieve the National Assembly assigned target of export growth of 7-8%.
According to NNVN
