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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.