HCM City enjoys impressive growth in import-export turnover
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.
HCM City's foreign trade rises 18.4 percent year on year in Q1 to nearly 17.4 billion USD. (Photo: VNA)
HCM City (VNA) – 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 quart💖er of this year.
Statistics from the municipal Statistics Department showed that the city’s foreign trade was valued at nearly 17.4 billion USD between January and March, up 18.4 percent year on year.
The city’s export value hit nearly 11.9 billion USD in the period, an increase of 3.5 percent compared to the same period last year.
Of the figure, the FDI sector accounted for the highest proportion of more than 6.5 billion USD, followed by the non-State and State sectors with more than 3.2 billion USD and 564.4 million USD, respectively.
In terms of export structure, the group of industrial products saw the highest export value, reaching 7.4 billion USD, up 19.1 percent over the same period and making up 75.3 percent of the combined export turnover. They included such items as computers, electronic products and components, textiles and garments, machinery, and other types of equipment.
Notably, the group of agricultural products recorded a turnover of over 1.1 billion USD, up 54 percent year on year and accounting for 11.7 percent of the city’s total export value while the group of aquatic products had export earnings of 270 million USD, up 70 percent.
During the three-month period, China was the biggest buyer of HCM city’s enterprises with over 2.5 billion USD in revenue. It was followed by the United States and Japan with 1.6 billion USD and 701.8 billion USD, respectively.
In March alone, export earnings were estimated at nearly 4.6 billion USD, a year-on-year increase of 42.7 percent.
Meanwhile, the city’s iജmport turnover was up 30.6 percent, hitting nearly 6.8 billion USD./.
Vietnam has become a big supplier of agricultural products for the Japanese market and Asia in general, but ample room remains for the country to boost export to Japan, as Vietnamese goods now now account for only 3 percent of Japan’s total import value, heard a workshop on March 29.
A consulting session on measures to further promote Vietnam's export to the Republic of Korea (RoK) was held in the northern province of Hung Yen on March 29.
Vietnam’s export-import revenue in the first quarter of this year was estimated at 176.35 billion USD, up 14.37 percent year-on-year, of which 88.58 billion USD was from exports, a rise of 12.9 percent.
Vietnam’s agro-forestry-aquatic product export and import turnover was estimated at 22.6 billion USD in the first quarter of this year, up 6.3 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
HCM City's foreign trade rises 18.4 percent year on year in Q1 to nearly 17.4 billion USD. (Photo: VNA) 
