Vietnam to see export growth as global demand recovers Global demand for goods is recovering and this is an opportunity for Vietnam to boost its exports of consumer and industrial products, according to the Ministry of Industry and Trade (MoIT). The ministry forecasts that Vietnam's import and export activities will continue to increase in the coming months as free trade agreements (FTAs) are gradually being implemented in a more comprehensive and effective manner. Those agreements will continue to create conditions for Vietnamese goods to enter to partner markets with preferential tariffs, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam Free Trade Agreement (UKVFTA). Besides that, export prices for many kinds of goods are also tending to increase, especially Vietnam’s key export commodities, according to the ministry. However, Deputy Minister of Industry and Trade Do Thang Hai said import and export activities may be negatively affected by the COVID-19 outbreak in many localities, especially localities in the northern region with the largest trade value such as Bac Giang, Bac Ninh and Hanoi. Meanwhile, Asia continues to be a hot spot with a rapidly increasing number of new COVID-19 cases, causing a… Read full this story
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