Vietnam's 2022 exports likely to hit $400 bn; turnover $186 bn in H1

Barring China, exports to whose market increased by a mere 7.2 per cent, exports to all other markets with free trade agreements (FTAs) increased by double digits.

Vietnam’s exports to the European Union (EU) hit a turnover of $23 billion—up by 22 per cent—after nearly two years of the Vietnam-EU FTA getting implemented.

Exports to the ASEAN market in H1 2022 were worth $17.7 billion—up by 27.4 per cent; to the South Korean market, the figure was $12.2 billion—up by 18.5 per cent; and to the Japanese market, the figure was $11.48 billion—up by 13.9 per cent, according to a report in a Vietnamese media outlet.

Exports to countries under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reached more than $20 billion in H1—an increase of nearly 10 per cent, according to Vietnam’s ministry of industry and trade.

Exports to the EU this year can reach nearly $50 billion, if the last six months of the year can maintain a growth rate of over 20 per cent. The trade surplus to the EU is expected to exceed $23.23 billion.

ALCHEMPro News Desk (DS)