Vietnam's trade turnover is set to reach US$38.1 billion in January, of which its exports amount to US$19 billion, down 14.3% year-on-year, and imports total US$19.1 billion, down 11.3%.

Vietnam's trade turnover is expected to reach US$74 billion in the January – February period, up 2.4% year-on-year.

Currently, Vietnam has suspended granting visa to citizens from China, South Korea, and Italy due to their increasing number of infected people.

The bloc’s travel restriction, however, would not impact trade relations between Vietnam and the EU in the immediate future.

Some importers from US and EU, major markets for Vietnam’s textile and garment industry, have stopped orders within three to four weeks on Covid-19 pandemic.