Vietnam’s import-export value is likely to touch the 800 billion USD mark by year-end, far exceeding a record of 732 billion USD seen in 2022, economic expert Dinh Trong Thinh has said.

According to the Ministry of Industry and Trade, Vietnam exported approximately 265 billion USD worth of goods during the January-August period, marking a remarkable 15.8% increase compared to the same period last year.

Vietnam’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.

Since it entered into force in early 2022, the Regional Comprehensive Economic Partnership (RCEP) has helped strongly promote integration of value and supply chains, strengthen confidence in regional economic recovery and create new impetus for trade and investment growth in the region and the world, according to an article on the Zhongguopinglun (China review) website of Hong Kong (China).

Vietnam estimates a trade surplus of 6.52 billion USD in the first nine months of this year.

Vietnam's import-export value of agricultural, forestry and aquatic products reached 58.3 billion USD in the first seven months of 2022, a year-on-year increase of 7.2%, according to the Ministry of Agriculture and Rural Development.

The import-export value via the Lao Cai international border gate in the northern mountainous province of Lao Cai reached 2.08 billion USD in the first half of 2021, up 41.98 percent year-on-year.

Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth, according to insiders.

The US was the largest market of Vietnamese agro-forestry-fishery products in the first two months of the year, with 2.04 billion USD, up 57.3 percent year on year and accounting for 33.05 percent of the total market share.

As COVID-19 control and prevention ramps up, a report from the General Department of Vietnam Customs (Vietnam Customs) showed that import-export value reached 37.1 billion USD in February - 0.5 percent higher than January.

Vietnam’s foreign trade is forecast to hit 500 billion USD at the end of 2019, according to the General Statistics Office of Vietnam.

Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will provide Vietnam with a good opportunity to continue perfecting its socialist-oriented market economy institutions and improving its business and investment environment in a more open and transparent manner, many experts have said.

Vietnam’s total import-export value in the first eight months of this year reached more than 308 billion USD, a year-on-year rise of 13 percent, according to the General Department of Vietnam Customs.

Vietnam’s total import-export value was estimated at 182.8 billion USD in the first five months of this year, up 11.9 percent annually, said the General Department of Customs on May 30.

Total import-export value is estimated at 107.32 billion USD in the first three months of 2018 (with export value at more than 54.31 billion USD and import 53.01 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.

Only 10 percent of Vietnamese enterprises use modern technology, of which only two percent have hi-tech.