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Trade revenue set to eclipse 700 billion USD this year

May 28, 2022 by en.vietnamplus.vn

Trade revenue set to eclipse 700 billion USD this year hinh anh 1 A port in Vietnam (Photo: VNA)

Hanoi (VNA) – Free trade agreements (FTAs) spurred Vietnam's bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

Vietnam's signatory FTAs, especially recent agreements will promote trade breakthroughs and generate major trade surplus for 2022 and build momentum for 2022-23 in the process.

Trade revenue set to eclipse 700 billion USD this year hinh anh 2 At a tuna processing facility (Photo: VNA)

Of note, the EVFTA contributed to bringing tuna exports to European nations to the tune of nearly 38 million USD, up 33 percent year on year. FTAs .

Vietnam needs to fine-tune policies and regulations on logistics services and build fleets of major vessels and modern infrastructure to meet import-export requirements .

VNA

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Trade revenue set to eclipse 700 billion USD this year have 302 words, post on en.vietnamplus.vn at May 28, 2022. This is cached page on Talk Vietnam. If you want remove this page, please contact us.

Filed Under: Business Free trade agreements, FTAs, trade surplus, import-export requirements, Ministry of Industry and Trade, vietnamplus, vietnam news agency, Business, Free trade...

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