Aquatic export increases over 10%. (photo: thuysanvietnam.com.vn)

Exports over the last eight months are on track to reach the annual growth target. Import-export turnover totaled 598 billion USD, up more than 16% year-on-year, with exports rising 14.8%. Average monthly export turnover was  38 billion USD, with July and August surpassing 42 billion USD. Sharp increases were recorded in the agricultural and aquatic, processing, and manufacturing sectors.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said: “To achieve the annual export growth target of 12%, monthly exports need to average 37.9 billion USD. We’ve been exceeding that figure. This momentum is expected to continue in the coming months. Our experience shows that the final months of the year often see favorable conditions for production and distribution.”

The Ministry of Industry and Trade will continue to support enterprises in making effective use of traditional markets and penetrating new and potential markets. It will also enhance the role of Vietnam’s trade offices abroad in assisting export.

Deputy Minister Nguyen Sinh Nhat Tan said: “We will continue to diversify trade promotion activities, including import promotion, to ensure a stable supply of raw materials for domestic production and export. Early risk warnings will be strengthened, and we will stand by enterprises in handling trade remedy lawsuits and help them overcome new trade barriers in export markets. We’re negotiating with partners to eliminate non-tariff barriers. We’re confident that import and export will continue to grow, meet the annual target, contribute to the 8% GDP growth goal, and lay the foundation for double-digit growth in subsequent years.”