The latest data of the General Department of Customs shows that the total import-export turnover in the period of September 2, 2021 (from September 16 to September 30) reached US$ 29.07 billion, up to 17.9% (corresponding to an increase of 17.9%). $4.42 billion) compared to the performance in the first half of this month.

Particularly, export turnover in the second half of September increased by 33.7% (equivalent to 3.9 billion USD) compared to the first half of September 2021, reaching nearly 15.47 billion USD. This is quite an optimistic sign that import and export activities have tended to grow again after many difficult months due to epidemic prevention and control plans.

Exports contributed positively to GDP in the first 3 quarters of the year

Commodity exports are showing signs of slowing down since August. However, September saw a lower decline. In general, in 9 months, exports still increased. This is one of the reasons contributing to GDP growth in the first 3 quarters of the year. In the context of the complicated development of the epidemic, this is a great effort of industries, localities and the business community.

In the second half of September, the trade surplus returned to the figure of 1.87 billion USD.

Groups with impressive growth in the second half of September were mobile phones and components, up 39.3%; computers, electronic products and components by 41.1%; iron and steel of all kinds increased 86.6%; other machinery, equipment, tools and spare parts increased by 21.9%...

By the end of September, the country's total import and export turnover reached US$483.82 billion, up 24.6% (equivalent to US$95.39 billion) over the same period in 2020, the trade balance was in deficit 2. 55 billion USD.

Vietnam's export activities are having advantages when we are effectively exploiting the Free Trade Agreements (FTAs) and the market demand is increasing at the end of the year shopping, especially the group of goods we have. advantage. At the regular press conference of the Ministry of Industry and Trade in the third quarter, Deputy Minister Do Thang Hai informed that the Prime Minister requested that at present, because the growth potential is not much, what factors can be increased must be increased. The Ministry of Industry and Trade is trying to support businesses to make good use of FTAs; creating favorable conditions for administrative reform... to increase export turnover. This year, the Government assigned export growth at 4-5%, but the Ministry of Industry and Trade forecasts the possibility that export turnover may increase by over 10%.

Regarding the trade balance, although the whole country is currently having a trade deficit, the trade deficit is only equivalent to 0.8% of import and export turnover. This is not a worrying number. The Ministry of Industry and Trade forecasts that, if there is no major change in disease control, the last 3 months of the year will be the time when businesses in southern localities will regain their growth momentum. Therefore, by the end of 2021, it is likely that the trade balance will be at balance. If the situation is more favorable, in 2021, the whole country may have a trade surplus.