Import-export revenue rises over 16% in nine months
Revenue from import-export activities hit 578 billion USD in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).
Import-export activities at Hai Phong port (Photo: VNA)
Hanoi (VNA) - Revenue from import-export activities hit 578 billion USD in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).
In September alone, the figure reached 65.8 billion USD, down 8% from that of August and up 10.9% year on year, including exports of over 34 billion USD, a decline of 10% month on month.
In the third quarter, export turnover was estimated at 108.6 billion USD, up nearly 16% over the same period last year and 10.6% over the second quarter.
In the Jan-Sept period, exports hit 299.63 billion USD, up 15.4% over the same period last year. Of this, the domestic sector earned more than 83 billion USD, a rise of nearly 21%, accounting for 28% of total export turnover, while the foreign-invested sector (including crude oil) contributed 216 billion USD, up 13.4%, accounting for 72%.
Also in the nine-month period, 30 kinds of goods achieved export turnover of over 1 billion USD each, accounting for 92% of the total export turnover, the earning of seven of which was 10 billion USD in exports, accounting for over 66%.
Meanwhile, in September, the country imported over 32 billion USD worth of goods, down nearly 6% month on month but up 11% year on year.
In the third quarter of 2024, import turnover neared 100 billion USD, up 17% over the same period last year and 6% over the second quarter.
The figure pushed the total import value in nine months to 279 billion USD, up 17% year on year, with 178 billion USD coming from the foreign-invested sector.
In the first nine months of 2024, there were 40 kinds of goods posting an import value of over 1 billion USD each, accounting for 91.5% of the total import turnover.
The US remained the largest export market of Vietnam with a revenue of nearly 90 billion USD. In the first nine months of this year, Vietnam enjoyed a trade surplus of 78.5 billion USD with this market.
Meanwhile, China was the biggest supplier of Vietnam with a value of 105 billion USD, resulting in a trade surplus of more than 61 billion USD for Vietnam.
♒ Overall, Vietnam posted a trade surplus of 2.3 billion USD in September and 20.79 billion USD the Jan-Sept period, higher than 22.1 billion USD recorded in the same period last year./.
State budget collection from export-import activities reached 274.03 trillion VND (11.1 billion USD) in the first eight months of 2024, equivalent to 73.1% of the assigned estimate and up 13.1% year-on-year, the General Department of Vietnam Customs (GDVC) announced on September 10.
Vietnam's import of mobile phones and components reached over 3 billion USD during the first quarter of 2024, according to data from the General Department of Vietnam Customs.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.