A wide range of Vietnamese agricultural products are entering the peak harvest time, resulting in thousands of trucks arriving daily at the border gates in Lang Son province for export to China.
This robust performance, representing an additional 12 billion USD compared to the same period last year, underscores trade's resilience amid global economic uncertainties.
Import and export activities between Vietnam and China were moderate in the first two months of the year, with a value exceeding 31 billion USD. Since the beginning of the year, China has tightened imports of certain items from Vietnam, including durian fruit.
Import-export activities at Lao Bao and La Lay international border gates in the central province of Quang Tri have experienced a sharp rise in the early days of the Lunar New Year, indicating a positive economic outlook for 2025.
Vietnam's economic prospects for 2025 are gaining momentum, bolstered by strong export growth, a rapidly expanding digital economy, and a robust e-commerce sector, according to analytics from prominent websites.
With just over a month remaining in 2024, experts are optimistic that Vietnam's foreign trade turnover will reach the ambitious 800 billion USD target.
Vietnam’s total trade turnover reached 511.11 billion USD in the first eight months of 2024, marking a 16.7% increase compared to the same period last year.
Following positive results in import-export activities so far this year, the increasing demand in the last months of the year is predicted to fuel exports, according to experts.
Although the Red River Delta makes up the lion's share in the nation’s import-export structure and has huge potential to develop high-tech, support and logistics industries, the region needs breakthrough policies to capitalise on its strengths for further trade development, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan told a recent conference in Hanoi.
Ho Chi Minh City's economic indicators showed decent growth in the first four months, although the disbursement rate of public investment remained low, participants heard at a socio-economic review meeting held by the municipal People's Committee on May 3.
A conference on promoting commerce, investment and trade connectivity between Vietnam and China’s Sichuan province was held in Hanoi on April 5, providing an opportunity to enhance bilateral cooperation and import-export of farm produce, aquatic products, and pharmaceutical materials.
The Vietnamese economy is likely to record a strong development in the first quarter of this year thanks to Government’s support to businesses, improving public investment disbursement, and the positive results seen in the first two months of this year, according to Do Thi Ngoc, Deputy Director General of the General Statistics Office.
Vietnam continued its streak of trade surpluses in 2023, making it eight consecutive years, with an estimated 26 billion USD, or nearly triple the figure in 2022 and a new record.
Vietnam’s CPI rose 3.12% in the January - July period, foreign direct investment rose 4.5% and foreign tourist arrivals rose 6.9-fold. The country posted a trade surplus of around 15.23 billion USD.
Vietnam’s consumer price index (CPI) rose 3.55 % while its foreign investment and import-export revenue fell 7.3% and 14.7% during January - May, respectively.
