Vietnam's Import-Export Report 2017 released

09:22 | 23/03/2018 Society

The Ministry of Industry and Trade announced the Vietnam's Import-Export Report 2017 at a ceremony held in Ho Chi Minh City on March 22, which provided an overview of the country's import and export activities in 2017.

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The annual report aims to provide useful information and data on the industry and trade sector, and the import-export activities in particular, for State management agencies and the business community.

General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe said that the report is an important publication for associations and the business community as it provides access to accurate information on current world practices, foreign trade activities, potential markets, and others to help facilitate enterprises.

He hopes that the annual report would not only update new information but also expand its scope of review on issues of attention for enterprises, including trade protectionism and technical barriers.

The report showed that Vietnam enjoyed a record high trade surplus of US$2.92 billion in 2017. The country also witnessed 29 groups of goods posting export revenue of over US$1 billion each and eight groups of goods with export revenue of over US$6 billion.

Deputy Minister of Industry and Trade Tran Quoc Khanh said that 2017 marked the first year that Vietnam's exports climbed to over US$214 billion, up 21.2% compared to 2016, which contributed to the growth of the GDP and macroeconomic stability.

Theo NDO