Vietnam's June 2023 export turnover nearly $29.3 bn; MoM rise of 4.5%

20 Jul '23

1 min read

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Insights

Vietnam's export turnover is estimated to have reached $29.3 billion in June—a month-on-month rise of 4.5 per cent and a sign of the market gradually recovering.
The ministry of industry and trade will speed up activities to promote exports this year.
Efforts will be made to sign an FTA with Israel and speed up talks on pacts with the UAE and the Mercosur.

Vietnam’s export turnover is estimated to have reached $29.3 billion in June—a month-on-month (MoM) rise of 4.5 per cent, according to the General Statistics Office.

This is an indication of the market gradually recovering, a news agency reported.

The ministry of industry and trade will speed up activities to promote exports this year. It will focus on completing legal documents on import and export, recommending additional financial and monetary policies to support businesses to raise supply, reduce costs and create more competitive products.

The import-export department under the ministry will implement programmes under the country’s import and export strategy till 2030 and a strategy on development of several key commodities.

Efforts will be made to sign a free trade agreement with Israel and speed up negotiations on other deals with potential markets like the United Arab Emirates and the Southern Common Market (Mercosur), whose members are Argentina, Brazil, Paraguay and Uruguay.

Fibre2Fashion News Desk (DS)

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