Export Turnover Surpasses $637 Billion
Specifically, exports reached $325.26 billion, while imports stood at $311.95 billion, resulting in a trade surplus of $13.31 billion. This marks the 10th consecutive year of maintaining a positive trade balance, highlighting a positive trend in sustaining trade surplus.
Exports to key markets such as the United States, China, the European Union, South Korea, and ASEAN have maintained steady growth over the past 8 months. Notably, exports to the U.S. increased by 26.4%, and to China by 9.2%, demonstrating stable trade relations with traditional markets.
A total of 29 export commodities exceeded $1 billion in value, with 7 surpassing the $10 billion mark. This reflects a positive shift in the structure of exported goods.
Key export categories, including electronics, computers and components, telephones, machinery, equipment, tools, textiles, and footwear, continue to lead the market. These sectors significantly contribute to the overall export turnover.
In the Directive issued on September 16th regarding the maintenance of macroeconomic stability, inflation control, growth promotion, and ensuring major economic balances, the Prime Minister tasked the Ministry of Industry and Trade with leading efforts to expand export markets. This involves collaborating with the Ministry of Foreign Affairs and relevant agencies to enhance trade promotion, diversify markets, stabilize traditional markets, and explore new ones.
Additionally, efforts will be made to strengthen supply-demand connections, integrate production, distribution, and consumption, and organize promotional programs and trade fairs to stimulate domestic consumption and market development.
For 2025, the target is to achieve a 12% growth in goods exports, continuing the trend of trade surplus for the 10th consecutive year.
What Can We Learn from Free Trade Models in the World’s Most Developed Cities?
Free Trade Zones (FTZs) have long been recognized as powerful engines of growth for economies worldwide, driving global trade and fostering economic development.
Unlocking Stalled Projects to Inject Trillions into the Economy by 2026
Deputy Prime Minister Nguyễn Hòa Bình expressed confidence in the successful implementation of policies aimed at resolving challenges faced by various projects. These efforts are expected to inject trillions of dollars into the economy between now and early next year.
Mobilizing Trillions of Dollars to Boost the Economy: Deputy Prime Minister’s Directive
The Deputy Prime Minister has urged swift action to address challenges and bottlenecks in key projects, aiming to inject trillions of dollars into the economy.
Prime Minister: Breakthrough Solutions Needed for Housing Policies and Real Estate Market
The Prime Minister has called for a significant increase in housing supply to balance market demand and supply dynamics. This initiative aims to identify and address bottlenecks, policy hurdles, and challenges within the housing and real estate sectors. By thoroughly analyzing these issues, the goal is to derive actionable insights and lessons, leading to innovative solutions. These measures are expected to drive substantial breakthroughs in housing policies and the real estate market by the end of this year and into the next, ultimately fostering robust growth.
Vietnam’s “Life-Changing” Tree Species Turns Farmers into Billionaires Annually
This remarkable tree has transformed the lives of farmers, enabling them to earn hundreds of millions, even billions, annually.
