Export turnover fetches US$ 8.75 billion in first half of February

Meanwhile, import value was estimated at US$12.66 billion in the reviewed period, the Department reported.

In 2021, the country’s import and export turnover set a new record of nearly US$ 670 billion, with export volume growing by 19 percent despite the complex evolution of the COVID-19 pandmic.

Thanks to high vaccination coverage, the Government decided to switch away from zero COVID-19 policy to safe and effective adaptation to the pandemic since October last year.

The Government planned to full reopen tourism activities from March 15 this year after initial positive signals following the introduction of a pilot program to welcome back international tourists from last November -  a move that is expected to further accelerate trade with the rest of the world.

In addition, effective implementation of new-generation free trade agreements (FTAs) can be considered as another important driving force for the country to fulfill export goal of over US$356 billion set for 2022.

The FTAs include the EU–Viet Nam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the Regional Comprehensive Economic Partnership (RCEP)./.