Several localities achieve record-breaking import-export growth
During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.
Hanoi (VNS/VNA) - During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.
Following behind Bac Ninh province, where the value of imports and exports amounted to 61.66 billion USD, up 1.27 billion USD.
Meanwhile, according to data from the General Department of Vietnam Customs, the turnover of import-export Dong Nai reached 53.27 billion USD, an increase of 2.97 billion USD and Hanoi reached 49.37 billion USD, an increase of 4.96 billion USD.
Notably, Bac Giang reported a significant increase, with a total turnover of 49.12 billion USD, up by 12.54 billion USD.
Other regions including Binh Duong province with 48.79 billion USD (up by 5.63 billion USD), Hai Phong City with 46.28 billion USD (up by 7.01 billion USD), Thai Nguyen province with 37.93 billion USD (up by 2.59 billion USD), Phu Tho province with 24.1 billion USD (up by 9.2 billion USD), and Vinh Phuc province with 22.62 billion USD (up by 4.46 billion USD) also showed strong growth.
The top ten provinces and cities contributed 481 billion USD to the nation’s total turnover for the ten months.
Trade in goods remains a bright spot in Vietnam’s economic landscape for the first 10 months. Cumulative figures reveal that total import-export turnover reached nearly 648 billion USD, a 15.8% increase, equating to an additional 88.57 billion USD year-on-year. Export turnover stood at 335.59 billion USD, a 14.9% increase, while imports reached $312.28 billion, up by 16.8%.
Many key trading markets showed substantial growth compared to last year, including imports from China, which rose by 31.6%, and exports to the US, up by 24.2%.
ꦜ Vietnam also recorded a strong trade surplus with several countries. The surplus with the US grew by 26.9%, with the EU by 18.6%, and with Japan by 56.9%./.
Revenue from personal income tax and registration fees associated with real estate transactions in Ho Chi Minh City has surged by 50% to reach over 6.54 trillion VND (257.6 million USD) in the first nine months, according to data from tax authorities.
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.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
