Before 2012, only a few people had heard of Sei Mangkei village in Indonesia's North Sumatra. After then-President Susilo Bambang Yudhoyono issued Government Regulation No. 29/2012 on the Special Economic Zone (SEZ) policy, Sei Mangkei rose to fame globally.
Export enterprises must make reasonable adjustments and diversify their export products based on the specific demands of each market, and seek to take advantage of free trade agreements and explore new markets in order to compensate for drops in farm product exports to existing markets, said Minister of Agriculture and Rural Development Le Minh Hoan.
Vietnam's exports of phones and components brought in 29.35 billion USD in the first seven months of 2021, a year-on-year rise of 11.9 percent, according to the Ministry of Industry and Trade.
Ho Chi Minh City’s exports are still growing, but slowing down, and so it needs to take measures to boost them if it wants to retain its position as the country’s economic hub, a conference heard on October 17.
Although GDP growth in the first half of 2019 was only 6.76, well below the 7.08 percent growth rate in the same period last year, it was a good result compared to the figures from 2011-2017 period.
Vietnam’s total trade turnover reached 100 billion USD between the start of the year and March 19, according to the General Department of Vietnam Customs.
Identifying HCM City’s typical export products should not be based simply on their export volume or value or subjective decisions, but on careful analysis, experts have said.
Total foreign trade value as of July 15 was over 177 billion USD, a year-on-year rise of 2.8 percent, according to statistics from the General Department of Vietnam Customs.
