Import-export earnings estimated over 89.3 billion USD
Vietnam was estimated to have an import-export value of 89.36 billion USD in the first three months of 2017, with the figure for March alone hitting about 33.7 billion USD.
Hanoi (VNA) – Vietnam was estimated to have an import-export value of 89.36billion USD in the first three months of 2017, with the figure for March alonehitting about 33.7 billion USD, said the General Department of Vietnam Customs.
Thethree-month sum represented a 17.5-percent increase compared to the same periodlast year.
Ofwhich, export reached 43.73 billion USD, up 12.8 percent year-on-year.
Computers,electronic devices and components recorded the highest annual jump, at 42.3percent to reach 5.31 billion USD.
Garmentand textile value increased 10.2 percent from last year to hit 5.63 billionUSD, while phones and components shipments generated 7.39 billion USD, anannual decrease of 10.7 percent.
TranThanh Hai, Vice Director of the Ministry of Industry and Trade’s Export andImport Administration, noted that growing export value has contributedsignificantly to improve the balance of payments and boost GDP growth, whilereflecting the recovery of domestic production.
Import of raw materials and machinery in service of local production andoutsourcing accounted for 80 percent of the import value of 45.63 billion USD,which showed a 22.4 percent rise year on year, signaling a positive sign forthe country’s export activities in the coming months.-VNA
Vietnam’s exports in the first three months of the year went beyond expectations with total export value estimated at 43.03 billion USD, up12.8 percent from the same time last year.
To ensure the implementation of the WTO’s Trade Facilitation Agreement (TFA), Vietnam needs an effective inter-agency coordination mechanism for administrative reform, experts said at a TFA seminar held in Ho Chi Minh City on March 29.
The Ministry of Industry and Trade (MoIT) on March 29 released the Vietnam Import-Export Report 2016 that gives an overall and systematic assessment of the country’s external trade in the past year.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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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.
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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.
Illustrative image (Source: VNA) 
