This year’s import-export turnover is estimated at 732 billion USD, up 10% year-on-year (Photo: VNA)
HCM City (VNA) – Over the past years, free tꦐrade agreements (FTAs) have proved ▨effective in promoting Vietnam’s exports.
As of late 2022, 15 FTAs, to which Vietnam is a signatory, became effective, and two others were in the negotiation process.
With import and export tariff incentives offered by these trade deals, Vietnamese importers and exporters have many competitive advantages in these markets with similar products.
To bring into full play these advantages, Nguyen Thi Thu Trang, Director of the World Trade Organisation (WTO) Integration Centre at the Vietnam Chamber of Commerce and Industry (VCCI), said that the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, and the Ministry of Culture, Sports and Tourism will launch product promotion campaigns designed for each market, with priority given to the US, Europe and other choosy markets.
Accordingly, the Vietnam Trade Offices in the markets that have signed FTAs with Vietnam will build a channel to connect partners with Vietnamese enterprises in each market and disseminate information about these channels to businesses.
Thanks to advantages brought about by the FTAs, 2022 marks the seventh consecutive year Vietnam has reported a trade surplus.
Statistics of the Ministry of Industry and Trade showed that this year’s import-export turnover is estimated at 732 billion USD, up 10% year-on-year. Of the total, 371.5 billion USD comes from exports, up 10.5% year-on-year, exceeding the target of 8% assigned by the National Assembly and the Government.
This year, 39 commodities report their export turnover of over 1 billion USD, with nine surpassing the 10-billion-USD mark.
Trinh Minh Anh, Chief of the Office of the Inter-sectoral Steering Committee for International Economic Integration under the Ministry of Industry and Trade, said that the domestic market has recovered strongly, with the growth of 2.7 times higher than the plan, basically meeting the demand for essential goods of the people, and helping to control inflation in the context of a strong recovery in demand for goods after the COVID-19 pandemic and great fluctuations of the world market, and many countries facing high inflation./.
Economic and trade partnerships have always been one of the bright spots in the Vietnam - New Zealand relations, and the two countries are striving for 2 billion USD in bilateral trade by 2024.
After a period of implementation, new-generation FTAs have brought into play their positive effects, with markets broadened and export revenue considerably increasing.
Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the 10 most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
This year’s import-export turnover is estimated at 732 billion USD, up 10% year-on-year (Photo: VNA)
