Vietnam reports a trade surplus of nearly 4 billion USD in the first eight months of 2022. (Photo: VNA)
Hanoi (VNA) – Vietnam has enjoyed a trade surplus of 3.96 billionUSD in the first eight months of 2022, the General Statistics Office (GSO)announced on August 29.
According to the office, the country’s import-exportturnover is estimated to reach 64.34 billion USD in August, up 5.2%month-on-month and 17.3% year-on-year.
The figure raised the country's total value during the January-August period to 497.64 billion USD, up 15.5% y-o-y, of which exports reached 250.8 billionUSD, up 17.3% and imports were estimated at 246.84 billion USD, up 13.6%.
In the reviewed period, 30 commodities reported their export value ofmore than 1 billion USD, with that of six surpassing the 10 billion USD benchmark.
Meanwhile, 38 commodities see their import value of over 1billion USD, with four surpassing the 10-billion-USD mark.
Tra fish processing for export (Photo: VNA)
During January-August, the US was Vietnam’s biggest importer, buying 77.7 billion USD worth of goods, while China was Vietnam’s largest exporter, selling 82.1 billionUSD worth of products.
Vietnam saw a trade surplus of 21.6 billion USD with theEuropean Union, and a trade deficit of 47.8 billion USD with China in theperiod, up 46.4% and 21.9% y-o-y, respectively.
To assist exporters, the Ministry of Industry and Trade hashelped them grasp contents of new-generation free trade agreements (FTAs) to makemost of opportunities and minimise challenges brought about by these deals.
Attention has also being paid to bettering trade promotions,simplifying administrative procedures, and providing enterprises with both domestic andinternational market forecasts./.
Vietnam’s socio-economy continued to recover in various fields in the first seven months of 2022. Export turnover was estimated to reach 216.35 billion USD, up 16.1%.
Minister of Agriculture and Rural Development (MARD) Le Minh Hoan has suggested building an export market development strategy, where functions and tasks of management agencies are integrated.
Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Vietnam reports a trade surplus of nearly 4 billion USD in the first eight months of 2022. (Photo: VNA) 
Tra fish processing for export (Photo: VNA) 
