Banana processed for export at Xanh Việt Import-Export Joint Stock Company. The Việt Nam Import-Export Report 2018 was announced on Wednesday.  VNA/VNS Photo Vũ Sinh

HÀ NỘI — The Ministry of Industry and Trade held a ceremony on Wednesday in Đà Nẵng to release the Việt Nam Import-Export Report 2018.

The report provided a comprehensive picture about the country’s imports and exports last year. It was the third report to be published.

Nguyễn Tiến Quang, director of the Việt Nam Chamber of Commerce and Industry’s branch in Đà Nẵng, said that the report provided accurate and transparent information for businesses and management agencies with updated import and export policies to support businesses, reduce risks and enable them to grab market opportunities.

Phạm Bắc Bình, chairman of Đà Nẵng City Association of Small and Medium-sized Enterprises, said that updated, accurate market information was critical to businesses in the context of the fast-changing Industry 4.0.

Bình said the report was a reference for firms to develop their business plans and make investment decisions as well as actively participate in international integration.

According to Trần Thanh Hải, deputy director of the ministry’s Import – Export Department, Việt Nam’s import-export value totalled US$243.48 billion in 2018, representing a rise of 13.2 per cent over the previous year.

Việt Nam had 29 products with export value over $1 billion. — VNS