Vietnam records 24.3 billion USD trade surplus in 11 months

Vietnam posted a trade surplus of 24.31 billion USD in the January-November period, according to the General Statistics Office.

The cumulative trade value for the first 11 months of the year rose by 15% annually to over 715 billion USD.

Up to 36 key export items each surpassed 1 billion USD in value, collectively accounting for 94.1% of the total.

A total of 44 import products surpassed the 1 billion USD threshold, making up 93% of the total, with five exceeding 10 billion USD, representing 51%.

The US remained Vietnam's largest export market with 109 billion USD, while China led as the top supplier at 130 billion USD.

Efforts to improve export quality, reduce costs, and leverage Free Trade Agreements were emphasised, along with the need for digital transformation and enhanced market linkages./.