Statistics of the Ministry of Industry and Trade show that, for 9 months, export turnover was estimated to increase 4.1% over the same period last year (up 8.4% in the same period). Notably, in the third quarter of 2020, the export turnover reached $ 80.07 billion, up 11% over the same period last year and up 34% over the second quarter of 2020 (up 26.6% compared to the first quarter. / 2020).
This is a very positive result, because according to calculations by the International Trade Center, the export turnover of 44 countries with statistics as of the end of July decreased by 12.4%. Export turnover of many neighboring countries such as Korea, China, India ... all recorded negative growth.
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| Merchandise export turnover has seen more positive results in recent months |
Notably, the domestic economic sector continued to be the driving force for the country's export growth when its nine-month export turnover reached US $ 71.4 billion, up sharply by 19.5. %, accounting for 35.4% of total export turnover; foreign investment sector (including crude oil) reached 131 billion USD, down 2.8%, accounting for 64.6%.
Thus, after achieving relatively high growth in 2018 and 2019, the domestic business sector continues to be a bright spot in Vietnam's merchandise export activities in the first nine months of 2020 with an increase of 19.5%, 4 times higher than the national growth rate (4.1%) and placed in the context of negative growth of FDI enterprises' exports (down 2.8%).
In nine months, there were 30 items with an export turnover of over 1 billion USD, accounting for 91.3% of the total export turnover; There are 5 exported items of over 10 billion USD, accounting for 59.8%.
In the first half of October, the country's import-export turnover continued to maintain positive results when it reached nearly 25 billion USD, of which exports reached 12.72 billion USD, imports reached 11.92 billion USD. Vietnam's export turnover increased by nearly $ 9.5 billion (equivalent to an increase of 4.6%).
Notably, Vietnam has made good use of tariff preferences in signed FTAs to expand new export markets. In particular, EVFTA comes into effect and comes into effect from August 1, 2020 with the commitments of partners to reduce tariffs on goods originating from Vietnam, which has increased competitiveness and helped goods. Vietnam's expanding market share in partner markets is the driving force for export growth.
Since the Vietnam-EU Free Trade Agreement (EVFTA) took effect (from August 1) to October 12, less than 2 and a half months after the implementation of the Agreement, the authorized organizations have about 23,800 sets of C / O form EUR.1 with a turnover of about 963 million USD to 28 EU countries .. The goods that have been granted C / O form EUR.1 are mainly footwear, seafood, plastic and other plastic products, coffee, textiles, bags, suitcases, vegetables, products, bamboo and rattan products; agricultural; electronic goods ... The majority of import markets are countries with EU seaports and distribution and transit centers such as Belgium, Germany, the Netherlands, France and the UK. In particular, many shipments have arrived on the EU market, cleared customs and enjoyed preferential treatment. This shows the level of interest of businesses as well as the importance of this market for Vietnam's exports.
Only in August alone, Vietnam's export turnover to the EU market reached 3.25 billion USD, up 4.65% compared to July and up 4.2% over the same period, bringing the export turnover. from Vietnam to the EU market reached 22.76 billion USD, up nearly 500 million USD compared to the average 7 months of the year (average 7 months was 2.79 billion USD). In September, the export turnover to this market continued to maintain strong momentum, up about 14.4% over the same period.
Many export products of Vietnam have had positive changes in the EU market after more than 2 months EVFTA was implemented. Typically, seafood exports have increased orders of about 10% compared to July; Export turnover to the EU market increased by 1.7% over the same period in 2019, of which shrimp exports in August 2020 increased by 15.7% over the same period (reaching the highest growth rate since the beginning of this year. ).
In addition to seafood, Vietnamese rice exported to Europe also showed positive signs when Vietnam's rice export price to the EU market has increased popularly from 80-200 USD / ton, depending on type compared to the previous time. when EVFTA is in effect. In addition, many other products such as telephones and components, machinery, equipment, spare parts, textiles, footwear, seafood, furniture, and coffee are also expected to increase their needle. export turnover to this market next time.
Deputy Minister of Industry and Trade Do Thang Hai emphasized that the Ministry of Industry and Trade has conducted a careful review of each sector and commodity industry to update the operating scenario, consider solutions to remove difficulties, promote production and Export for the last months of the year. The assessment shows that the industrial production, export and domestic trade sectors for the whole year 2020 can all achieve more positive results than the assessment in July 2020.
"Based on the current situation, it is expected that Vietnam's merchandise exports for the whole 2020 will be able to achieve an increase of 3-4% over the same period" - Deputy Minister Do Thang Hai stated.