Connect

Compared with the estimated trade surplus of 3.5 billion USD given by the General Statistics Office, the realized figure was only 2.96 billion USD because exports were lower than expected, while imports increased sharply.

Looking back three quarters of the year 2020, the economy is gradually flourishing, opening the hope of a recovery in the last months of the year.

Many businesses are confident in the prospect of export recovery in the last months of the year.

In the first 6 months of 2020, amid the destruction of Covid-19, exports from Vietnam were almost on par with India's. In fact, Vietnam's exports this year will still grow 3% on average, while India's exports have grown negative 24% during the same period.

Because some types of seaport service charges in Vietnam are lower than regional ones, especially container loading and unloading fees, this amount falls into the pockets of foreign shipping lines, which account for 99% of the volume. container import and export of Vietnam.

If in 1995 the import-export turnover between Vietnam and the US stopped at 450 million USD, by the end of 2019, this figure had reached nearly 76 billion USD (reaching 75.72 billion USD), about 168 times more than with 1995.