Data from the Ministry of Industry and Trade shows the US and China are the two largest trading partners of Vietnam.

High inflation in markets, especially the main export markets of Viet Nam, also reduces the demand for consumer goods.

Vietnam estimates a trade surplus of 6.52 billion USD in the first nine months of this year.

Vietnam is likely to produce a trade surplus of US$1 billion in 2022 – a record low figure compared to the previous years, according to the Ministry of Industry and Trade (MoIT).

Vietnam has enjoyed a trade surplus of 3.96 billion USD in the first eight months of 2022, the General Statistics Office (GSO) announced on August 29.

Computers, electronic products, and components were the leading import items by turnover in the first seven months of 2022.

In the first half of August, the trade balance had a deficit of more than 100 million USD, but from the beginning of the year to August 15, the country had a trade surplus of 1.39 billion USD.

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022, the General Statistics Office (GSO) reported on June 29.

Vietnam had a trade deficit of some US$56 billion with Asia in the first five months of 2022 as imports jumped, according to the General Statistics Office.

Vietnam’s total import-export turnover this year is anticipated to reach between US$740 - 750 billion, representing a rise of 13 – 15% over the previous year, according to industry insiders.

The growth of import slower than that of export helped Vietnam clinch a trade surplus of over US$20 billion in the first 11 months of 2020.

Vietnamese businesses should prepare to export their products to other ASEAN countries ahead of the possible signing of the Regional Comprehensive Economic Partnership (RCEP) this week. 

Vietnam’s exports rose 4.7 percent year-on-year in the first ten months of this year to over $229 billion, for a trade surplus of a record $18.7 billion, according to latest report by the General Statistics Office.

Vietnam earned a trade surplus of US$9.01 billion in the January-October period this year, the highest ever, up 23% year-on-year due to the strong export of phones, computers and textiles.

The Ministry of Industry and Trade held a ceremony on Wednesday in Da Nang to release the Viet Nam Import-Export Report 2018.