Analyst Pin-board: Surging Exports to North America and the EU
Vietnam’s international trade keeps improving. We highlights two positive changes extracted from the preliminary trade data by Customs. Firstly, Vietnam’s trade surplus recorded another high of USD 5.5 Bn in 1H 2020. Secondly, exports to key markets such as the US and EU sharply rebounded across many sectors while exports to China keep rising impressively. Although new export orders haven’t come back, surging inventories caused by social-distancing in Q2 2020 pushed Vietnam’s trade surplus up significantly. There are chances that the 2020 trade surplus will surpass 2019’s and mark a new all-time high.
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