Vietnam’s exports rise 6 percent in first four months
Vietnam’s total exports saw a year-on-year increase of 6 percent in the first four months of this year to 52.87 billion USD, according to the General Statistics Office (GSO).
Hanoi (VNA) – Vietnam’s total exports saw a year-on-year increase of 6 percent in the first fourജ months of this year to 52.87 billion USD, according to﷽ the General Statistics Office (GSO).
Of this, the domestic economic enterprises saw a year-on-year surge of 2.9 percent in export value to 15.11 billion USD in the first four months, while the foreign direct invested firms had a year-on-year growth of 7.3 percent in export value to 37.76 billion USD.
GSO experts said this was a result of the positive growth of national exports, in the face of a drop in crude oil exports by 52 percent to 678 million USD in the first four months, due to the strong reduction in world oil prices.
Meanwhile, 30 key export products saw a strong increase in export value in the first four months. These included vegetable and fruit with a growth of 43.3 percent to 741 million USD; telephone and its components, up 23.8 percent to 474 million USD; gemstone and precious metals, up by 22.8 percent to 260 million USD; and machine and equipment, up by 15.8 percent 2.86 billion USD, in addition to petrol products, up by 12.6 percent to 259 million USD; and handbags, hats and umbrellas, up by 10.8 percent to 1.36 billion USD.
However, some other key export products faced low growth or even reduction in export value such as seafood (up by 3.8 percent), bamboo and rattan (up by 2.6 percent), footwear (up by 4.8 percent), and tea (down by 14.2 percent), in addition to cassava (down by 23.5 percent).
The GSO also reported in the first four months of this year, the national import value reduced 1.2 percent year-on-year to 51.4 billion USD, including 20.7 billion USD from domestic enterprises and 30.7 billion USD from FDI enterprises.
Therefore, the nation gained a trade surplus of 1.46 billion USD in the first four months of this year.
The products which witnessed a big reduction in import value included animal feed (down by 17.7 percent), petrol (33.3 percent), and completely built-up automobiles (23.5 percent).
The office said value of imports from China fell strongly to 14.7 billion USD in the first four months, reducing trade deficit with China by 12.7 percent year-on-year to 8.9 billion USD.-VNA
Vietnam’s rice exports are likely to reach 6.8 million tonnes in 2015, according to the Ministry of Agriculture and Rural Development’s Centre for Informatics and Statistics.
Vietnam remains to be in top five of the world’s largest apparel exporters by raking in 28 billion USD from shipping garment products to foreign countries in 2015.
Vietnam's rice exports this year excluding border trade are expected to remain at last year's 6.5 million tonnes, according to the Vietnam Food Association.
Vietnam will have various advantages in exporting rice this year though it may have to compete with Thai rice in the global export market when Thailand sells rice at stock.
Vietnam’s aquatic export value in the first quarter of this year hit 1.36 billion USD, up 1.7 percent year-on-year, according to statistics from the Ministry of Agriculture and Rural Development.
With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative photo (Source:Internet)
