Several localities achieve record-breaking import-export growth

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Hanoi (VNS/VNA) - During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.

Following behind Bac Ninh province, where the value of imports and exports amounted to 61.66 billion USD, up 1.27 billion USD.

Meanwhile, according to data from the General Department of Vietnam Customs, the turnover of import-export Dong Nai reached 53.27 billion USD, an increase of 2.97 billion USD and Hanoi reached 49.37 billion USD, an increase of 4.96 billion USD.

Notably, Bac Giang reported a significant increase, with a total turnover of 49.12 billion USD, up by 12.54 billion USD.

Other regions including Binh Duong province with 48.79 billion USD (up by 5.63 billion USD), Hai Phong City with 46.28 billion USD (up by 7.01 billion USD), Thai Nguyen province with 37.93 billion USD (up by 2.59 billion USD), Phu Tho province with 24.1 billion USD (up by 9.2 billion USD), and Vinh Phuc province with 22.62 billion USD (up by 4.46 billion USD) also showed strong growth.

The top ten provinces and cities contributed 481 billion USD to the nation’s total turnover for the ten months.

Trade in goods remains a bright spot in Vietnam’s economic landscape for the first 10 months. Cumulative figures reveal that total import-export turnover reached nearly 648 billion USD, a 15.8% increase, equating to an additional 88.57 billion USD year-on-year. Export turnover stood at 335.59 billion USD, a 14.9% increase, while imports reached $312.28 billion, up by 16.8%.

Many key trading markets showed substantial growth compared to last year, including imports from China, which rose by 31.6%, and exports to the US, up by 24.2%.

Vietnam also recorded a strong trade surplus with several countries. The surplus with the US grew by 26.9%, with the EU by 18.6%, and with Japan by 56.9%./.

VNA

See more

A vessel docks at Hai Phong Port ready to be loaded with containers. (Photo: VNA/VNS)

Vietnam's port firms thrive in 2024

According to the Vietnam Maritime Administration, the total cargo volume through the nation's port system reached approximately 864.4 million tonnes, up 14% year-on-year. Container throughput was estimated at 29.9 million TEUs, reflecting a 21% rise.

THACO Chairman Tran Ba Duong (Photo: VNA)

THACO targets sales of over 100,000 vehicles in 2025

In 2025, THACO will continue to expand the scale of investment in all six key production and business sectors including automotive, agriculture, mechanical engineering and supporting industries, investment - construction, trade – services, and logistics.

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday. (Photo: VNA)

HCM City: Nearly 1 million workers back to work after Tet holiday

Nearly 1 million workers of more than 12,600 businesses with trade trade unions in Ho Chi Minh City have returned to work following the nine-day Lunar New Year (Tet) holiday, reaching 85.33% of their total workforce, according to the municipal Labour Federation.