In December 2018, the Ministry of Industry and Trade (MoIT) hailed a record export-import turnover of $482.2 billion, which was a “very impressive achievement”, greatly contributed to economic growth. One year later, the record was broken, with the country reaping a new record of $517 billion and $10 billion in trade surplus – something that had never been dreamed of previously. A ceremony has been held by the MoIT to welcome the fruits, deemed as one of the largest events in the economic picture in 2019. So far, Vietnam has developed to join the group of 30 leading export-import economies in the world, as well as witnessed a strong progression of its imports and exports over the years. The country’s total import and export turnover in the last 20 years reached almost $4 trillion. Regarding the number of export markets, Vietnam had only 24 such markets in 2011 with the export turnover of at least $1 billion each, with the number of markets rising to over 30 now. Commenting on Vietnam’s trade picture, Nguyen Phu Trong, Party General Secretary, State President stated, “That’s a quite impressive attainment, especially in the context that exports from many nations suffered from a steep… Read full this story
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