Several of the northern province's key export commodities recorded significant growth, with laptop exports up 90.3%, trucks 35.4%, and passenger vehicles with 10 or more seats 13.6%.
Ms. Nguyen Thi Huong, Director General of the National Statistics Office at the Ministry of Finance, tells Vietnam Economic Times / VnEconomy about the drivers behind Vietnam’s robust first-half economic performance, the challenges that could weigh on growth in the second half, and the policy priorities needed to achieve the country’s ambitious 2026 GDP target.
The United States maintained its position as Vietnam’s largest export market with a turnover of $86.5 billion, while China remained the largest source of imports, with a total value of $115.2 billion.
The country records a trade deficit of $16.8 billion, indicating that the economy remains in an expansionary phase with businesses increasing production capacity to meet growing demand.
National Assembly (NA) Chairman Vuong Dinh Hue is visiting the UK and attended a high-level seminar on economy and trade on June 30. Addressing the seminar, Deputy Prime Minister Le Van Thanh, who is accompanying the NA Chairman, said a target has been set of two-way trade turnover reaching $10 billion by 2023. According to Ms. Anne Marie Trevelyan, British Secretary of State for International Trade, trade relations with Vietnam play a very important role in the UK’s trade policy.
On June 28, during his official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue met with Hungarian Prime Minister Viktor Orban. The two sides are determined to increase trade turnover in a balanced and sustainable direction, create conditions for goods to access each other’s markets, and encourage businesses in the two countries to strengthen investment cooperation.