Industrial, Trade Growth Trend Sustained Despite COVID-19: Official




Industrial and trading activities of Vietnam have sustained their growth trend although the COVID-19 resurgence has hit some provinces and cities with large industrial parks, Deputy Minister of Industry and Trade Do Thang Hai said on June 17.

Speaking at the ministry’s regular press meeting for the second quarter, he added exports have maintained high year-on-year growth, which is relatively sustainable thanks to the even growth in shipments of all the important commodities such as electronics, textile-garment, footwear, machinery, and farm produce, and to major markets like the US, China, the EU, the Republic of Korea, Japan, and ASEAN.

Regarding problems in industrial and trading activities, Hai said COVID-19 outbreaks in large industrial parks have had certain impacts on industrial production growth as well as supply chains.

Besides, the import of production materials accounts for a “very big” proportion, about 90 percent, thus pushing up the import value and affecting the trade balance.

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