Hanoi (VNA) – Vietnam posteda trade deficit of nearly 2.7 billion USD this year to the end of May, equal to1.7 percent of the country’s total export turnover.
According to the Vietnam Customs, the total import-export turnover in the firstfive months of this year was estimated at 161.28 billion USD, a year-on-yearincrease of 20.7 percent.
Of which, the export turnover hit 79.3 billion USD, up 17.4 percent, while theimport turnover reached 82 billion USD, up 23.9 percent.
Among key export products, phones and spare parts brought home 16.05 billionUSD, a yearly rise of 12 percent, while garment-textile products earned 9.4billion USD, a year-on-year increase of 9 percent.
The import turnover of machinery, equipment, and components grew by 38.8percent to top 15 billion USD, and that for phones and spare parts rose by 23.4percent to reach over 5 billion USD.-VNA
Vietnam’s total coal export volume in the first four months of the year surged five times from the same time last year to more than 544,000 tonnes, according to the General Department of Customs.
The export value of agricultural, forestry and aquatic products reached 13.7 billion USD in the first five months of 2017, a year-on-year increase of 9.5 percent.
The export of wood and wood products is forecast to bring home 7.5 billion USD in 2017 and keep increasing in the following years, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s aquatic product export turnover reached 618 million USD in May, pushing the total figure in the first five months of 2017 to 2.8 billion USD, a year-on-year rise of 10.4 percent.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
Goods are unloaded up Sai Gon Port (Photo: VNA) 
