Vietnam’s industry and trade sector ends 2021 with many bright spots
Vietnam ended 2021 with many bright spots in industry and trade, despite the severe impacts of COVID-19, heard at a conference held on January 9, to review the past year and outline tasks for the new year.
Specifically, industrial production expanded by 5%, the electricity sector ensured the power supply for socio-economic development and the oil sector’s contribution to the state budget exceeded the target by 21%.
Notably, export-import reached a record of 670 billion, up 23% compared to 2021, with exports rising 19% and surpassing the target by 15%, while trade surplus maintained for the sixth year in a row.
E-commerce also grew rapidly and became a new growth driver, helping to prevent supply chain disruptions and promote exports.
Speaking at the conference, Deputy PM Le Van Thanh spoke highly of the Ministry of Industry and Trade (MOIT) for overcoming all difficulties and successfully completing their tasks in 2021.
Noting that 2022 is highly significant to the 2021-2025 plan, Thanh asked the MOIT to enhance performance of key industrial sectors, ensure a stable power supply and diversify export markets, among others.
He expressed his confidence that the MOIT will build on its achievements and weather all challenges to fulfil the mission for 2022, in an effective manner.
