News dalla rete ITA

27 Ottobre 2021

Vietnam

VIETNAM TRADE TO CLIMB TO NEW PEAK

Vietnam’s trade could reach a record high of $600 billion in 2021, the Ministry of Industry and Trade has said. This would be 10 percent higher than last year as against a government target of 4-5 percent, it said. It had reached $510 billion as of Oct. 15 with a marginal deficit. Vietnam, which has been recording a trade surplus for years, has been suffering a deficit this year as social distancing and travel restrictions imposed to curb the spread of Covid-19 hurt exports. So the final value would be dependent on curbing Covid-19 and recovering manufacturing and exports, the ministry said. If there are no more major outbreaks in the remaining months and southern-based companies regain their growth momentum, the deficit could be wiped out and there could even be a surplus, it added. Several large FDI plans announced recently seem to substantiate the ministry’s forecast. South Korean electronics giant LG Display in August announced an additional investment of $1.4 billion in its manufacturing facility in Hai Phong this year. (ICE HO CHI MINH CITY)


Fonte notizia: VNexpress