Its exports to China grew by 18 percent to $48.9 billion, and imports by 12 percent to $84.1 billion, according to the Ministry of Industry and Trade.

Containers seen at the Kim Thanh Border Gate No.2 with China in the northern province of Lao Cai in February 2020.

But some of Vietnam's traditional export items like agriculture, aquaculture and fisheries faced difficulty with their exports falling by over 3 percent to $6.8 billion.

China is its largest trading partner and second biggest export market behind only the U.S.

Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market.

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The aviation industry will recover in the second half of 2021 with the advent of coronavirus vaccines, SSI Securities Corporation has forecast.

PM asks experts to study new driving force for development

Prime Minister Nguyen Xuan Phuc asked experts to study to seek a new driving force for development during a working session with the National Advisory Council on Financial and Monetary Policies and the economic advisory group on January 19.

Source: VnExpress