Vietnam s trade tops 825 billion by mid September
Vietnam s total import and export turnover surpassed 825 billion by mid September up 29 4 per cent on year according to figures released by the Vietnam Customs Department
Vietnam's trade sector reached a significant milestone by mid-September, with overall goods trade surpassing $825 billion. This figure includes exports totaling over $400.8 billion and imports amounting to nearly $424.4 billion, reflecting a 23.2% year-on-year increase in exports and a 36% rise in imports. Consequently, the trade deficit widened to around $23.5 billion.
The National Statistics Office noted that processing and manufacturing, especially electronics, machinery, and equipment, are key drivers of Vietnam's industrialization and global supply chain integration. Projections suggest that if this growth trend persists, Vietnam's total trade could exceed $1.2 trillion this year. However, the robust trade performance is tempered by challenges faced by several domestic export sectors, such as agriculture, forestry, and seafood, which are experiencing weaker export prices and adverse market conditions.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
