VIETNAM BUSINESS NEWS HEADLINES DECEMBER 14

Vietnam’s trade surplus hits record high despite COVID-19 Vietnam posted a record trade surplus of 20.1 billion USD in the first 11 months of this year despite the adverse impacts of the COVID-19 pandemic on the global economy, according to the General Statistics Office. In November alone, export turnover was 24.8 billion USD, down 9 percent from the previous month, but up 8.8 percent compared with the same month last year. Thirty-one groups of commodities joined the billion-dollar export product club, including 10 groups posting more than 10 billion USD. The US remained the largest export market of Vietnamese goods in the 11 months, followed by China, the EU, ASEAN, the Republic of Korea and Japan./. Vietnam, RoK step up cooperation in trade, industry, energy Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023. The signing took place during the 10th meeting of the Vietnam-RoK Joint Committee on Energy, Industry and Trade Cooperation on December 10-12. Under the action plan, the two sides will work to attract more Korean firms to Vietnam, and facilitate Vietnamese enterprises’ exports such as garments-textiles, footwear, timber and agro-fishery… Read full this story

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