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Exports gain speed to meet target

After months of contraction due to the COVID-19 pandemic’s impacts, production and export activities are recovering strongly, the Dau tu (Vietnam Investment Review) newspaper reported.
Exports gain speed to meet target ảnh 1Vietnam earned 299.67 billion USD from exports in the first 11 months, up 17.5 percent year on year (Photo: VNA)
Hanoi (VNA) –After months of contraction due to the COVID-19 pandemic’s impacts, productionand export activities are recovering strongly, the Dau tu (Vietnam InvestmentReview) newspaper reported.

The Lenger Seafoods Vietnam Co.Ltd, based in northern Nam Dinh province, recently exported a batch of cannedclam to Europe. This was the first among the 10 containers of 2 million cans tobe shipped under a contract with Spain, and the rest will be delivered in 2022.

General Director Nguyen HoNguyen said the clam export to a demanding market like the EU is a result ofyears of improving the production line and seeking new buyers.

Meanwhile, the Trung AnHi-tech Farming JSC, headquartered in the Mekong Delta city of Can Tho, said ithas won a contract to export 15,000 tonnes of rice to the Republic of Korea. Thisis the third time this firm has secured a rice export contract with theNortheast Asian market.

Trung An General DirectorPham Thai Binh said affected by the pandemic and social distancing measures,his company’s revenue in the third quarter of 2021 fell 8 percent year on yearto 500 billion VND (22 million USD). However, its pre-tax profit surged 66percent thanks to the export of high-quality rice.

In the first 10 months ofthis year, Vietnam shipped more than 5.1 million tonnes of rice worth nearly2.7 billion USD, down 4.5 percent in volume but up 2.2 percent in value. The revenueis nearing the year’s target of 3.2 billion USD.

While agricultural productsbrought home almost 40 billion USD in 11 months, the steel industry has alsoenjoyed strong growth in exports, topping 10 billion USD as of November 15, thanksto sharp rises in orders and prices.

At a recent discussion,economic expert Vu Dinh Anh said free trade agreements (FTAs) will serve as aboost for trade, helping turn Vietnam into an export powerhouse and aproduction centre of not only the region but also the whole world.

The Dau tu newspaper saidexport - import remains a bright spot of the economy thanks to their strongrecovery, especially since the Government issued Resolution No. 128/NQ-CP onsafe and flexible adaptation to and effective control of COVID-19 on October 11.

The 11-month export revenuestood at 299.67 billion USD, up 17.5 percent year on year.

This year’s total exportswill approximate 330 billion USD, leading to a trade surplus, if the pandemicis kept under control and production activities are recovered early, the Ministryof Industry and Trade forecast, explaining that Vietnam has many exportadvantages thanks to FTAs and surging demand in the year-end shopping season./.
VNA

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