Page 2 - Import Export Turnover News Today

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).

Vietnam attracted a total of 27.72 billion USD in foreign direct investment (FDI) as of December 20, equal to 89% of the figure of the same period last year, Vietnam News Agency quoted statistics of the Ministry of Planning and Investment.

As the COVID-19 pandemic has subsided and the world is facing many challenges such as inflation, energy crisis, and geopolitical competition, the Vietnamese economy has grown well and higher than its peers in Southeast Asia, said Professor Vladimir Mazyrin, leader of the Centre for Vietnamese and ASEAN Studies under the Russian Academy of Sciences’ Institute of China and Contemporary Asia.

Vietnam recorded a trade surplus of 10.6 billion USD in the January-November period, the General Statistics Office announced on November 29.

Vietnam recorded a trade surplus of 10.6 billion USD in the January-November period, the General Statistics Office announced on November 29.

Despite suffering the negative impact of the COVID-19 pandemic and the Russia-Ukraine conflict which affects international trade, import and export activities of Ho Chi Minh city still achieved impressive growth in the first quarter of this year.

Vietnam’s total import-export turnover this year is anticipated to reach between US$740 - 750 billion, representing a rise of 13 – 15% over the previous year, according to industry insiders.

Bilateral trade between Vietnam and the US set a new milestone, hitting 111.56 billion USD in 2021, up nearly 21 billion USD over the previous year, according to the General Department of Customs.

The total import-export turnover between Vietnam and Australia reached a record of 14 billion AUD (10 billion USD) in the first 10 months of this year, an increase of 50 percent over the same period last year.

Vietnam’s total import-export turnover is anticipated to reach between US$640 billion and US$645 billion this year with the country set to enjoy a trade surplus, according to the Ministry of Industry and Trade.