In 2024, Vietnam’s import-export sector rebounded strongly, supported by a more favourable macroeconomic environment, concerted efforts by the Government, ministries, and sectors, as well as the resilience of the business community.
Minister of Industry and Trade Nguyen Hong Dien, together with representatives of relevant agencies, launch the Vietnam Import-Export Report 2024. (Photo: tapchicongthuong.vn)
Hanoi (VNA) - The Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT) on August 1 launched a series of events to honour enterprises that have made significant contributions to Vietnam’s export growth, and to promote and enhance the visibility of Vietnamese exporters.
In his opening remarks, Minister of Industry and Trade Nguyen Hong Dien praised the achievements of the import-export business community, encouraging enterprises to remain flexible and innovative in production and business. He stressed the importance of effectively diversifying export markets to ensure sustainable medium- and long-term growth, while continuing to uphold national pride and strengthen Vietnam's position in global trade.
The minister also instructed MoIT departments to work closely with business associations and enterprises to promptly address difficulties and obstacles, creating favourable conditions for production, business, and export to thrive.
Also on the same day, the MoIT launched the annual Vietnam Import-Export Report, the ministry’s official publication providing detailed insights into trade performance by commodity group and market, utilisation of free trade agreements (FTAs), and trade management efforts.
According to the report, in 2024, Vietnam’s import-export sector rebounded strongly, supported by a more favourable macroeconomic environment, concerted efforts by the Government, ministries, and sectors, as well as the resilience of the business community.
The total trade turnover reached 786.9 billion USD, marking a 15.5% increase over 2023. Exports stood at 405.9 billion USD, up 14.4%, while imports amounted to 381 billion USD, up 16.7%.
In the first half of 2025, total trade turnover hit 432.1 billion USD, up 16.1% year-on-year. This robust trade growth has reaffirmed its critical role in national economic development, contributing to macroeconomic stability, generating employment, and serving as a key driver of innovation and technology transfer./.
The incentive is aimed at creating breakthrough policies to promptly remove legal bottlenecks and facilitate enterprises operating in science and technology development, innovation and transformation.
Vietnam's trade balance in the first half of 2025 is estimated to show a surplus of 7.19 billion USD, a 40.6% decline compared to the figure recorded in the same period last year.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, marking a 9.1% increase year-on-year, the Department of Customs reported.
Experts warned that excessive capital concentration in high-risk sectors like real estate and securities, risks of imbalances and non-performing loans could increase.
Demand for durians in the Chinese market is surging, prompting growing interest among importers in seeking supply from Vietnam. With its geographical proximity, short transport time and distinctive flavour, Vietnamese durian is highly regarded for both quality and long-term growth potential.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
With a combined market of over 370 million consumers, Vietnam and Indonesia leverage agricultural strengths: Vietnam leads in rice exports, while Indonesia dominates palm oil and coffee and is advancing toward rice self-sufficiency. Key cooperation opportunities span sustainable fisheries, hi-tech farming, agricultural science innovation, integrated value chains, and market access.
In the first seven months of this year, retail sales of goods were estimated at approximately 3.05 quadrillion VND, accounting for 76.4% of the total revenue and rising by 7.8% compared to the same period last year.
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Foreign direct investment (FDI) inflows into Ho Chi Minh City rebounded strongly in the first seven months of 2025, reaching nearly 6.2 billion USD, up 45.67% year-on-year after a slowdown last year.
To meet the ambitious annual target of 47–48 billion USD, the sector must now achieve monthly exports of over 4 billion USD during the remaining months of the year.
The Airbus A321NX is the first in a fleet of eight modern aircraft scheduled for delivery and operation throughout 2025, marking the beginning of Sun PhuQuoc Airways’ carefully planned investment strategy to build a modern fleet operating with safety, stability, and world-class standards.
Experts say that after over a decade of implementation, the credit growth quota policy is currently inappropriate and is criticised for creating an “ask and give mechanism”, hindering people and businesses from accessing bank loans.
The country's industrial growth in the period was largely fuelled by the manufacturing and processing sector, which expanded by 10.3% and contributed 8.5 percentage points to the overall IIP.
VietnamUSA.Arobid.com is Vietnam’s first B2B e-commerce platform dedicated to helping Vietnamese enterprises access the US market, a vast and promising market, yet one that is highly demanding in terms of standards, tariffs, and distribution channels.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
