Vietnam’s export-import value reached 38.3 billion USD in January – up 39.9 percent compared to a year earlier but down 3.1 percent compared to December 2017.
Vietnam sees year-on-year export surge in January (Source: VNA)
Hanoi (VNA) - Vietnam’s export-import value reached 38.3billion USD in January – up 39.9 percent compared to a year earlier but down3.1 percent compared to December 2017, according to the General Department ofCustoms.
The export value was estimated at 19 billion USD, up by 33.1percent year on year and down 3.3 percent from the previous month.
The main exports were mobile phones and spareparts, worth 4.2 billion USD, up 7.7 percent from the previous month, and 80.7percent from a year ago.
In January, exports of garment-textiles andcomputers and spare parts were estimated at 2.3 billion USD and 2.2 billionUSD, up 7.6 percent and 37.9 percent year on year, respectively.
Import value was projected at 19.3 billion USD, up 47.4percent year on year, and down 3 percent month on month.
State budget collection was estimated at 22.5 trillion – 23trillion VND ( around 1 billion USD), up 9.65 percent from 2017.
From January 16, 2017 to January 15, 2018, the customs sector uncovered768 cases of smuggling or trade fraud, worth more than 9 billion VND (396,000USD).-VNA
Vietnam’s export turnover is likely to hit 195 billion USD this year, up 10-11 percent compared with 2016 and 6-7 percent higher than the target set by the Prime Minister.
Vietnam’s export of aquatic products is forecast to top 8.5 billion USD next year, up nearly 3 percent from 2017, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
Vietnam gained its highest ever seafood export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the Ministry of Agriculture and Rural Development.
Petrol imports totalled 900,000 tonnes, worth 552 million USD in the first month of the year, up 3.5 percent in volume and 10.9 percent in value year on year.
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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.
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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.
Vietnam sees year-on-year export surge in January (Source: VNA) 
