Garment and textile products have been a strength of Vietnam (Photo: VNA)
Hanoi (VNA) – Vietnam’s import-export revenueis likely to hit a record of 728.9 billion USD in 2022, according to theGeneral Department of Vietnam Customs.
As of December 15, the country’s total import-exportturnover had reached 701.3 billion USD, including 355.82 billion USD worth of exports,the highest so far.
Strong growth was seen in the exports of both domestic andforeign-invested sectors, with the later contributing 74.6%.
Upturn was reported in the export revenue of 35 out of 45 commodities, with 11 enjoying an increase of over 1 billion USD.
Meanwhile, 36 out of 45 exports recorded revenue of over 1 billion USD, including eight with more than 10 billion USD.
As of December 15, the country enjoyed trade surplus of10.36 billion USD.
Illustrative image (Source: VNA)
Economist Dinh Trong Thinh held that the surge in exports showedthe efficiency of Vietnam’s market opening policy and post-pandemic recoverymeasures.
Some experts attributed the results to the recovery of export markets andadvantages from free trade agreements (FTA). At the same time, foreign corporations' investment shifting for the restructuring of supply chains withlarger production scale has also motivated import-export activities.
Minister of Industry and Trade Nguyen Hong Dien said that in2023, the global trade is facing many pressures due to complicated developmentsof geopolitical tensions and increased inflation. This has forced manygovernments to tighten fiscal and monetary policies.
He advised businesses to change their mindset and pay greater attention to “greening”the supply chain in the international trade to meet increasing technicalrequirements of the world market.
The minister stressed the need to keep a close eye on thedomestic and global economic developments to give timely response.
He also pointed to the necessity to strengthen market forecasts and the update ofnew policies and regulations in foreign markets, while continuing to optimiseadvantages from FTAs./.
Enterprises are hoping for more policies to help them overcome financial difficulties, maintain operations and to take advantage of post-pandemic recovery opportunities.
Vietnam has been continuously listed among the group of 30 countries and territories with the largest import and export value on a global scale, according to the rankings compiled by the World Trade Organization.
According to the General Department of Customs, Vietnam's import and export turnover reached 700 billion USD (As of mid-December 2022). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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.
Garment and textile products have been a strength of Vietnam (Photo: VNA) 
Illustrative image (Source: VNA) 
