Even in the face of COVID-19 global pandemic, Vietnam exports this year are up 5.3 percent from last year. The country records the largest trade surplus ever.
According to local media including Vietnam News Agency (VNA), Vietnam’s statistics bureau estimated that Vietnam’s trade volume in the first 11 months of this year was 489.1 billion dollars. It is up 3.5 percent from the same period last year.
Among them, exports reached 254.6 billion U.S. dollars, up 5.3 percent from last year. While imports rose 1.5 percent from last year to 234.5 billion U.S. dollars. Therefore bringing the trade surplus to a record 201 billion dollars.
In particular, exports to the U.S. rose 25.7 percent from last year to 69.9 billion U.S. dollars in the aftermath of the trade war between the U.S. and China. And exports to China jumped 16 percent from last year to 43.1 billion dollars.
Not only exports, Vietnam have effectively controlled COVID-19 and accelerated economic recovery
Despite the global economic downturn, Vietnam revised its GDP growth target for this year to 3 percent in October. The figure is 0.5 percentage point higher than the previous month.
Standard Chartered Bank also forecast Vietnam’s economic growth rate for this year at 3 percent in its latest report. While the World Bank forecast 2.8 percent growth.
Two more people were confirmed to have been infected the next day after the first COVID-19 community infection in 89 days in Ho Chi Minh City on April 30. But no additional confirmed cases reported since then.
Health authorities say they have basically controlled the community infection through rapid containment of dangerous areas and tracking and isolating contacts.
However, Health Minister Nguyễn Thanh Long urged strict compliance with quarantine rules. Saying that large-scale COVID-19 vaccination in Vietnam could take place in the second quarter of next year at the earliest.