Import-export turnover surpasses 400-billion-USD mark | Business | Vietnam+ (VietnamPlus)

Wednesday, October 4, 2023 - 4:47:56

Import-export turnover surpasses 400-billion-USD mark hinh anh 1

Vietnam’s total import-export value topping 403 billion USD as of July 15 (Photo: VNA)

Hanoi (VNA) – Vietnam’s total import-export value topped 403 billion USD as of July 15, with a trade deficit of around 1 billion USD.

According to the General Department of Customs, in the period, the country earned 201 billion USD from exports, while spending 202 billion USD on buying goods from abroad.

The trade turnover in 2022 is forecast to exceed 700 billion USD, of which exports will approach the 400 billion USD mark.

Import-export turnover surpasses 400-billion-USD mark hinh anh 2

NIllustrative image (Photo: VNA)

The Ministry of Industry and Trade said that, in order to achieve the export growth target of 8% this year and maintain the trade surplus of the previous years, the ministry is stepping up support for businesses in market information and export promotion by taking advantage of commitments in signed free trade agreements (FTAs) and through joining global value chains to find new markets; and at the same time encouraging them to create new products.

It has also guided localities to build and develop brands for strong products, and well handle the issue of traceability to ensure the quality of goods to meet export standards of other countries./.

VNA

Topics: Post-pandemic recovery

Vietnam total import-export value Ministry of Industry and Trade trade deficit Vietnamplus Vietnam News Agency

You should also see

PM urges stronger cooperation with Germany’s Lower Saxony state

PM urges stronger cooperation with Germany’s Lower Saxony state

Prime Minister Pham Minh Chinh has highlighted potential for cooperation between Vietnam and Germany and its Lower Saxony state, and suggested the two sides step up cooperation in different areas.

9 UNESCO world natural and cultural heritage sites in Vietnam

Infographic9 UNESCO world natural and cultural heritage sites in Vietnam

First working day of 13th Party Central Committee’s 8th meeting

First working day of 13th Party Central Committee’s 8th meeting

Eighth plenum of 13th Party Central Committee opens

Eighth plenum of 13th Party Central Committee opens

See more

Hanoi’s industrial production sailing through difficulties

Hanoi’s industrial production sailing through difficulties

Hanoi’s Industrial Production Index (IIP) in September rose by 0.7% from the previous month and 3.5% year-on-year, the Hanoi Statistical Office reported.

Vietnam seeks to tighten business links with Colombia, Chile

Vietnam seeks to tighten business links with Colombia, Chile

Nearly 20 Vietnamese enterprises visited Colombia and Chile from September 26 to October 3 with a view to further tapping into the Pacific Alliance markets, comprising Chile, Colombia, Mexico and Peru, and others in Latin America.

HCM City works hard to reach budget estimate target

HCM City works hard to reach budget estimate target

Ho Chi Minh City's financial sector has worked hard to fulfill the budget estimate target set for 2023.

HCM City’s industrial production regains attractiveness to investors

HCM City’s industrial production regains attractiveness to investors

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first nine months of this year increased by 3.2% year-on-year, regaining its attractiveness to foreign investors, suppliers and clients.

Binh Duong’s key exports lack orders

Binh Duong’s key exports lack orders

The southern province of Binh Duong's export turnover went down by 13% year-on-year to 23 billion USD in the first nine months of this year as its key exports faced difficulties due to lack of orders.