In the reviewed period, the country’s trade turnover reached nearly 440 billion USD, with exports totaling nearly 227 billion USD, and imports some 213 billion USD, up 15.7% and 18.5% year-on-year, respectively.
Of the export value, the domestic sector accounted for 27.8%, and the foreign-invested sector (including crude oil) accounted for 72.2%.
Meanwhile, of the import revenue, the domestic sector contributed 78 billion USD, up 21.5%, and the foreign-invested sector saw a rise of nearly 17% to some 135 billion USD.
The US is Vietnam's largest importer with a revenue of 66 billion USD, while China is the country's largest exporter with 79.2 billion USD.
Insiders said, the goal of reaching export revenues of 377 billion USD, or a growth rate of 6% in 2024, is within reach, as Vietnamese enterprises are well prepared for taking opportunities from free trade agreements.
Vietnam is among the world's top exporters for many products such as rice, pepper and garments, they said, adding that, it’s critical for the country to continue to improve product quality to meet requirements of import markets./.
