Vietnam’s import-export turnover reached 46.56 billion USD in the first month of 2023, down 25% year on year. However, the country still enjoyed a trade surplus of 3.6 billion USD in the month.
Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development.
Figures from the American Business Association show that the volume of goods imported and exported by sea between Vietnam and the US ranks second in Asia, only after China.
Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).
Statistics Indonesia (BPS) on January 16 reported that the country’s trade balance in 2022 sees a surplus of 54.46 billion USD while its trade surplus in 2021 was just 35.33 billion USD.
Vietnam is now considered a highly potential market for businesses from the Republic of Korea (RoK) which have dominated some sectors in the Southeast Asian nation.
The Republic of Korea (RoK) posted a trade surplus of over 34 billion USD with Vietnam in 2022, and with the figure, Vietnam has become the largest trade partner of the RoK for the first time.
The Republic of Korea (RoK) posted a trade surplus of 34.26 billion USD with Vietnam in 2022, according to the country's Ministry of Trade, Industry and Energy (MOTIE).
Vietnam's total import and export turnover in 2022 is estimated at 732.5 billion USD, up 9.5% compared to 2021, of which exports increase by 10.6% and imports by 8.4%.
Vietnam’s import-export turnover in December is estimated at 58.82 billion USD, up 2.7% over the previous month, pushing the total in the whole year to 732.5 billion USD, a year on year rise of 9.5%, with a trade surplus of 11.2 billion USD, according to the General Statistics Office (GSO).
The agro-forestry-fishery export turnover in 2022 posted a new record, hitting over 53.2 billion USD in 2022, a year-on-year increase of 9.3%, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the 10 most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).
Vietnam enjoyed a trade surplus of nearly 11 billion USD in the first 11 months of 2022, of which the agricultural sector contributed significantly with 7.82 billion USD.
According to the General Department of Customs, Vietnam's import and export turnover reached 700 billion USD (As of mid-December 2022). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
Head of the Indonesian Ministry of Trade's Trade Policy Agency Kasan projects that the country’s trade will still experience a surplus of 38.3-38.5 billion USD in 2023.
The Malaysian government’s direct debt stands at 1.07 trillion RM (242.7 billion USD) and the country is unlikely to ever record a surplus fiscal budget in the future, Deputy Finance Minister Datuk Seri Ahmad Maslan said when addressing the upper house on December 21.
Indonesia's trade balance recorded the 31st consecutive month surplus, reaching 5.16 billion USD as of November 30, reported the Statistics Indonesia on December 16.
Vietnam’s total import-export revenue hit 700 billion USD so far this year, exceeding last year’s record of 600 billion USD, reported the General Statistics Office (GSO).
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