
Vietnam’s trade shines as a pillar of economic growth
This robust performance, representing an additional 12 billion USD compared to the same period last year, underscores trade's resilience amid global economic uncertainties.
This robust performance, representing an additional 12 billion USD compared to the same period last year, underscores trade's resilience amid global economic uncertainties.
Import and export activities between Vietnam and China were moderate in the first two months of the year, with a value exceeding 31 billion USD. Since the beginning of the year, China has tightened imports of certain items from Vietnam, including durian fruit.
The country's export earnings grew by 8.4%, while its import turnover rose by 15.9%, resulting in a trade surplus of 1.47 billion USD.
Vietnam’s exports to India amounted to 9.06 billion USD, up 7.6% year-on-year, while imports from India stood at 5.8 billion USD, down 0.6%.
Import-export activities at Lao Bao and La Lay international border gates in the central province of Quang Tri have experienced a sharp rise in the early days of the Lunar New Year, indicating a positive economic outlook for 2025.
Vietnam's economic prospects for 2025 are gaining momentum, bolstered by strong export growth, a rapidly expanding digital economy, and a robust e-commerce sector, according to analytics from prominent websites.
With just over a month remaining in 2024, experts are optimistic that Vietnam's foreign trade turnover will reach the ambitious 800 billion USD target.
Vietnam’s total trade turnover reached 511.11 billion USD in the first eight months of 2024, marking a 16.7% increase compared to the same period last year.
Following positive results in import-export activities so far this year, the increasing demand in the last months of the year is predicted to fuel exports, according to experts.
Although the Red River Delta makes up the lion's share in the nation’s import-export structure and has huge potential to develop high-tech, support and logistics industries, the region needs breakthrough policies to capitalise on its strengths for further trade development, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told a recent conference in Hanoi.
Ho Chi Minh City's economic indicators showed decent growth in the first four months, although the disbursement rate of public investment remained low, participants heard at a socio-economic review meeting held by the municipal People's Committee on May 3.