Vietnam posts trade surplus of 24.77 billion USD in 2024
Vietnam's total trade revenue reached 786.29 billion USD in 2024, up 15.4% year-on-year, with a trade surplus of 24.77 billion USD, the General Statistics Office (GSO) said at a press conference in Hanoi on January 6.
Workers make garment products for export to Japan. (Photo: VNA)
Hanoi (VNA)꧃ – Vietnam's total trade revenue reached 786.29 billion USD in 2024, up 15.4% year-on-year, with a trade surplus of 24.77 billion USD, the General Statistics Office (GSO) said at a press conference in Hanoi on January 6.
The December value was 70.53 billion USD, up 6.2% month-on-month and up 15.9% compared to the same period last year, according to the agency.
In 2024, the country's exports expanded by 14.3% to 405.53 billion USD, while imports grew by 16.7% to 380.76 billion USD. Of the total export value, the domestic sector contributed 114.59 billion USD, a 19.8% increase, accounting for 28.3%. The foreign-invested sector, including crude oil, generated 290.94 billion USD, up 12.3% and making up 71.7%.
As many as 37 key export items generated over 1 billion USD, collectively accounting for 94.3% of the total exports. Among them, eight exceeded the 10 billion USD mark, contributing a substantial 69% of the combined value.
Meanwhile, of the accumulative import value, the domestic sector went up 19.5% to 140.11 billion USD, and the foreign-invested sector recorded 240.65 billion USD, a 15.1% increase.
To promote export in 2025, Deputy Minister of Industry and Trade Phan Thi Thang said that her ministry continues to identify institutional building as one of the three strategic breakthroughs.
This year, it will focus on implementing the revised Electricity Law, play a role in building documents guiding the implementation of the law, and perfecting the draft Law on Chemicals for submission to the National Assembly for approval at its 9th session.
It will also make efforts to enhance the operational efficiency and competitiveness of industrial manufacturing enterprises, actively summarising mechanisms and policies related to international economic integration. In addition, Vietnam will optimise the existing Free Trade Agreements (FTAs) and seek to sign new ones to expand and diversify markets, import and export items, and supply chains.
Deputy Minister of Agriculture and Rural Development Vo Van Hung said that the ministry will closely coordinate with the Ministry of Industry and Trade and parties to promote the production and consumption of domestic agricultural products, and negotiate to open up and promote export markets for agro-forestry-aquatic products in 2025 and the following years./.
The Vietnamese economy demonstrated remarkable resilience in 2024 and was estimated to achieve a growth rate of 7.09% despite global uncertainties, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said on January 6.
The export of agro-forestry-aquatic products has created a breakthrough this year, generating 62.5 billion USD, up 18.7% year on year, with a record trade surplus of 17.9 billion USD, marking a remarkable 46.8% growth rate compared to the previous year, according to the Ministry of Agriculture and Rural Development (MARD).
The US-based financial, economic, and stock market news site investing.com said Vietnam's economy demonstrated continued resilience in November, with a substantial trade surplus and growth in exports and imports.
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.
