In November, the country's import-export turnover is estimated at 57.58 billion USD. (Photo: VNA)
Hanoi (VNA) – Vietnam recorded a trade surplus of 10.6 billion USDin the January-November period, the General Statistics Office announced onNovember 29.
In November, the import-export turnover is estimated at57.58 billion USD, down 1.2% month-on-month and 7.8% year-on-year, bringing thetotal value in the first 11 months to 673.8 billion USD, up 11.8% year-on-year.
In the period under review, the export revenue is estimated at342.2 billion USD, up 13.4% y-o-y, and import at 331.6 billion USD, up 10.1%.
Thirty-five commodities report an export turnover of more 1billion USD each, with eight surpassing the 10-billion-USD mark, accounting for93.7% and 70.1% of the total, respectively.
Forty-five products see the import value of over 1 billionUSD, and six over 10 billion USD, making up 93.2% and 52.3% of the total,respectively.
The US is Vietnam’s biggest importer in the period, with the turnover estimated at 101.5 billion USD, while China is thecountry’s largest exporter, with 109.9 billion USD.
In the period, Vietnam also records a trade surplus of 29.4billion USD with the European Union, and a trade deficit of 56.9 billion USDwith China.
To promote export, Deputy Minister of Industry and Trade DoThang Hai affirmed that in the last month, his ministry will a focus onsupporting businesses in finding alternative suppliers of raw materials withsuitable prices to ensure sufficient raw materials and fuel for production andconsumption, and to make good use of signed free trade agreements tospeed up production and export.
The facilitation of administrative procedures for enterpriseswill be further promoted through the application of digitalisation, typically in tax refund, import and export customs, and issuance ofthe Certificate of Origin./.
The southern province of Dong Nai recorded a trade surplus of nearly 4.7 billion USD in the first 10 months of this year, the provincial Statistics Office announced on November 2.
Budget collection from import-export activities topped 362.4 trillion VND (14.57 billion USD) in the first 10 months of this year, equivalent to 86.3% of the set target and up 14.6% year-on-year, according to the General Department of Customs.
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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.
In November, the country's import-export turnover is estimated at 57.58 billion USD. (Photo: VNA) 
