Total exports and imports are forecast to reach 780 billion USD this year. (Photo: VNA)
Hanoi (VNA) – Surmountingdifficulties to boost economic recovery, Vietnam is expected to post a foreigntrade record of 780 billion USD in 2022.
Economic experts describedthe export and import panorama as highly positive, as two more groups of commodities– transport vehicles and spare parts, and fishery products – have seen 11-monthexport value of over 10 billion USD, while import of materials formanufacturing have also surged.
Bythe end of November, exports and imports totalled 673.82 billion USD, higherthan the 668.54 billion USD of the whole 2021. Trade surplus stood at 10.6billion USD, compared to the 0.6 billion USD in the same period last year,according to the General Statistics Office.
TheMinistry of Agriculture and Rural Development said China’s rice import hasshifted from low to high volume in the year-end period. Some EU countries alsotend to import more rice to replace the wheat supply decline caused by theRussia - Ukraine conflict.
Thishas helped raise Vietnamese rice prices to 480 USD per tonne, 13 - 28 USDhigher than Thai rice and 60 - 65 USD higher than the Indian grain, thussubstantially contributing to this year’s export growth.
Besides,products of the processing and manufacturing industry have also enjoyed growthof 6 - 39.9% in overseas shipments, helping turn export into a “bright spot”of the economy in 2022.
Assoc.Prof. and Dr. Nguyen Thuong Lang from the Hanoi-based National EconomicsUniversity predicted that although export growth has slowed down slightlycompared to the whole-year pace, foreign trade turnover will hit a record ofabout 780 billion USD in 2022.
Thisis a stepping stone for Vietnam to achieve 1 trillion USD in trade revenue by2025, he added.
MAVu Tuan Anh, President of the Junior Chamber International Vietnam, held thatforeign direct investment remains the key driver of foreign trade. Meanwhile,processed and manufactured items are still key commodities, aside from textile-garmentand agro-forestry-fishery products, of which timber, wood items, seafood,coffee, rubber, cassava, rice, vegetables, and fruit have generated high tradesurplus./.
The Vietnam Trade Office in Australia has introduced high-quality Vietnamese garment and textile products at a recent exhibition, which was part of the International Sourcing Expo Australia.
The Plant Protection Department under the Ministry of Agriculture and Rural Development on November 24 announced the completion of opening the Japanese market for longan, the Chinese for sweet potato, and that of New Zealand for lime and grapefruit of Vietnam.
Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US.
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.
Total exports and imports are forecast to reach 780 billion USD this year. (Photo: VNA) 
