Hanoi (VNA) –Vietnam enjoyed a trade surplus of 710 million USD in the first six months of2022, the General Statistics Office (GSO) reported on June 29.
According to theoffice, in the first half of this year, total import-export revenue isestimated to reach 371.17 billion USD, up 16.4% year on year, with importsof 185.94 billion USD, a rise of 17.3% over the same period last year.
In the period, thedomestic economic sector suffered trade deficit of 15.97 billion USD, while theforeign-invested sector saw trade surplus of 16.68 billion USD.
In June, import-exportturnover is estimated at 32.65 billion USD, up 5.6% over the previous month.
In the second quarterof 2022, export revenue reached 96.8 billion USD, a rise of 21% year onyear and 8.7% over the previous quarter.
In the January-June period, 28 products recorded export revenue of over 1billion USD, and five earning revenue exceeding 10 billion USD.
The GSO reported thatthe country imported about 32.37 billion USD worth of products in June, pushingthe total imports in the first half of 2022 to about 185.23 billion USD, anincrease of 15.5% year on year.
The US remained thelargest export market of Vietnam so far this year buying about55.9 billion USD worth of products. China is the biggest source of Vietnam's imports with 61.3 billion USD.
In the first sixmonths of 2022, Vietnam saw a 39% rise in trade surplus with the EU to about 15.5billion USD. Meanwhile, the country suffered trade deficit of 35 billion USDwith China, up 21.7%.
In order to promote exportsin the time to come, the Ministry of Industry and Trade advised local exportersto apply measures to avoid risks during export activities, while optimisingadvantages from 15 free trade agreements that Vietnam has signed with partnersto diversify export markets./.
Vietnamese enterprises can find opportunities for exporting many commodities, from consumer goods to fishery, agricultural, and food products, to France, heard a seminar on post-pandemic chances for accessing the French market on June 15.
The export turnover of southern Dong Nai province hit 13.3 billion USD during the first six months of this year, surging 13 percent over the same period last year, according to the provincial Department of Industry and Trade.
Vietnam reached more than 14 billion USD in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI).
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.
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.
Illustration. (Photo: VNA)
