Vietnam posts trade surplus of 24.77 billion USD in 2024

Vietnam's total trade revenue reached 786.29 billion USD in 2024, up 15.4% year-on-year, with a trade surplus of 24.77 billion USD, the General Statistics Office said at a press conference in Hanoi on January 6.

Of the total export value, the domestic sector contributed 114.59 billion USD, a 20% increase, accounting for 28%. The foreign-invested sector, including crude oil, generated 290 billion USD, up 12% and making up 72%.

As many as 37 key export items generated over 1 billion USD, collectively accounting for 94% of the total exports. Among them, eight exceeded the 10 billion USD mark, contributing a substantial 69% of the combined value.

To promote export in 2025, the Ministry of Industry and Trade continues to identify institutional building as one of the three strategic breakthroughs. It will also make efforts to enhance the operational efficiency and competitiveness of industrial manufacturing enterprises, actively summarising mechanisms and policies related to international economic integration.

In addition, Vietnam will optimise the existing Free Trade Agreements and seek to sign new ones to expand and diversify markets, import and export items, and supply chains./.