Ho Chi Minh City holds the leading position in exports

VCN - Despite being overtaken by Bac Ninh in some months of the year, for the whole year 2023, Ho Chi Minh City still maintained its leading position in the country in terms of export turnover of goods.
Ho Chi Minh City Customs focuses on developing partnerships with businesses Ho Chi Minh City Customs focuses on developing partnerships with businesses
Ho Chi Minh City Customs: Efforts to collect revenue in difficult times Ho Chi Minh City Customs: Efforts to collect revenue in difficult times
Total effort to prevent smuggled and counterfeit goods in Ho Chi Minh City Total effort to prevent smuggled and counterfeit goods in Ho Chi Minh City
Chart: T.Binh.
Chart: T.Binh.

Reached more than US$ 42 billion

According to statistics just announced by the General Department of Customs, in December 2023, Ho Chi Minh City's export turnover reached US$ 3.96 billion, leading the country. Compared to the previous month (November 2023), this locality's export turnover increased by more than US$ 300 million.

While Ho Chi Minh City still maintained its growth momentum, the locality following behind, Bac Ninh, had a sharp decrease in turnover. In December 2023, Bac Ninh's export only reached US$ 2.69 billion, down nearly US$ 800 million compared to the previous month.

Compared to other localities still pursuing, Ho Chi Minh City's turnover had a highly outstanding level. For example, compared to the second-ranked locality, Bac Ninh, Ho Chi Minh City's turnover exceeded nearly US$ 1.3 billion.

For the whole year 2023, Ho Chi Minh City continued to lead the country in export turnover with a result of US$ 42.46 billion. However, this result was down more than US$ 5.1 billion compared to 2022.

At the Conference to summarize the work in 2023 and deploy tasks in 2024 (January 12, 2024), the representative of the Department of Industry and Trade of Ho Chi Minh City said that 2024 was a breakthrough year in efforts to promote development of industrial production and trade, promote import and export activities towards completing the goals in the 5-year socio-economic development plan (2021-2025).

Specifically, Ho Chi Minh City had set a target of industrial production increasing by 6.5% compared to 2023; export turnover of Ho Chi Minh City enterprises through the city's border gates increased by 10%.

To achieve the above targets, the Department of Industry and Trade of Ho Chi Minh City would promote the role of the city's industrial development councils; implement the Ho Chi Minh City Supporting Industry Development Program until 2025; 3 programs to support the development of businesses and mechanical products - automation, rubber - plastic, food processing industry in Ho Chi Minh City in the period of 2020-2030... Thereby focusing resources to support industries and these product groups to develop, enough to spread, lead the market, boost exports and serve as a driving force for the entire industry of Ho Chi Minh City to develop.

9 localities have export turnover of 10 billion USD or more

Regarding the country's export activities in general, in 2023 the total turnover reached US$ 354.67 billion, down 4.6% (equivalent to a decrease of US$ 17.05 billion) compared to 2022.

In 2023, out of 63 provinces and cities nationwide, there were 9 localities achieving a total export turnover of US$ 10 billion.

Besides Ho Chi Minh City, other localities were Bac Ninh, Binh Duong, Hai Phong, Thai Nguyen, Bac Giang, Dong Nai, Hanoi and Phu Tho.

Notably, among the nine key export localities, only Hai Phong and Bac Giang had positive growth last year.

Specifically, Hai Phong reached US$ 26.8 billion, an increase of 7.37% compared to 2022 (equivalent to an increase in turnover of US$ 1.84 billion). This result also helped Hai Phong surpass Thai Nguyen to reach the 4th position in the country's export (after Ho Chi Minh City, Bac Ninh and Binh Duong).

Meanwhile, Bac Giang reached a turnover of US$ 24.5 billion, an increase of 8.3% compared to 2022 (equivalent to an increase in turnover of nearly US$ 1.9 billion). With this result, Bac Giang surpassed Dong Nai to rank 6th in the country in terms of export turnover (after Ho Chi Minh City, Bac Ninh, Binh Duong, Hai Phong and Thai Nguyen).

The export results of the remaining key localities: Bac Ninh reached US$ 39.3 billion (down 12.7%, equivalent to a decrease of US$ 5.7 billion); Binh Duong reached US$ 30.6 billion (down 10.87%, equivalent to a decrease of US$ 3.73 billion); Thai Nguyen reached US$ 25.7 billion (down more than 14%, equivalent to a decrease of US$ 4.2 billion); Dong Nai reached US$ 21.62 billion (down 12.1%, equivalent to a decrease of nearly US$ 3 billion); Hanoi reached US$ 16.65 billion (down more than 3.1%, equivalent to a decrease of more than US$ 500 million); Phu Tho reached US$ 10.58 billion (down 10.34%, equivalent to a decrease of more than US$ 1.2 billion).

​With a total turnover of US$ 238.21 billion, the 9 key localities mentioned above accounted for 67.16% of the country's export turnover last year.

Compared to 2022, the number of provinces and cities with export turnover of US$ 10 billion or more decreases by 1 locality in 2023. The locality dropped from this list was Hai Duong with a turnover of only US$ 9.45 billion in 2023 (2022 reached US$ 10.46 billion).

By Thai Binh/ Binh Minh

Related News

Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Why seafood exports to some Middle Eastern Countries are stalled

Why seafood exports to some Middle Eastern Countries are stalled

VCN - Several shipments of seafood exported to certain Middle Eastern countries have been delayed due to legal challenges related to consular legalization procedures. This has created significant bottlenecks in accessing these markets.
Businesses need support from vietnamese representative offices abroad

Businesses need support from vietnamese representative offices abroad

VCN - Several heads of Vietnamese representative offices abroad believe that Vietnamese businesses need to prepare solutions to respond to the changing global economy and meet the increasing demands of the international market.

Latest News

VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.

More News

Shrimp exports surge in 10 months, generating 3.2 billion USD

Shrimp exports surge in 10 months, generating 3.2 billion USD

Vietnam’s shrimp exports in October reached US$394 million, a strong 24% increase year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s exports to the U.S. near US$100 billion milestone

Vietnam’s exports to the U.S. near US$100 billion milestone

VCN - By the end of October, Vietnam's exports to the United States approached US$100 billion, reaffirming its position as Vietnam's largest export market.
From the “abnormal” coffee price, worries about the new crop

From the “abnormal” coffee price, worries about the new crop

VCN - The Vietnamese coffee industry enters the new crop with the question of what is a reasonable price to ensure benefits for coffee growers while still retaining international consumers.
What obstacles limit the market share of Vietnamese goods in the UK?

What obstacles limit the market share of Vietnamese goods in the UK?

VCN - Vietnamese goods account for only about 1% of total imports into the UK market. One of the reasons is that they have not yet built their own brands and have not focused on effective strategies and approaches to market information.
Storm No. 3 destroys profits of many insurance companies

Storm No. 3 destroys profits of many insurance companies

VCN - Due to the impact of storm No. 3, the business results of the third quarter and the first 9 months of 2024 of the insurance sector have been significantly affected. This requires more efforts from businesses for the results of the whole year 2024.
Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Vietnam, Malaysia eye golden partnership opportunities in Halal industry

Cooperation in the Halal industry can help Vietnamese products reach nearly 2 billion Muslim consumers worldwide, representing over 24% of the global population, according to Malaysia’s Minister of Investment, Trade, and Industry Zafrul Abdul Aziz.
Tra fish sector aiming for production, processing greening for sustainable development

Tra fish sector aiming for production, processing greening for sustainable development

Greening production and processing to meet export requirements is both a trend and a necessity for many industries, including the tra fish sector.
Developing supporting industries for the billion-dollar export commodity groups

Developing supporting industries for the billion-dollar export commodity groups

VCN - Electronic products and components are one of export commodity groups with turnover exceeding one billion USD, but the supporting industry for this group is still modest.
Village craft products conquer the world

Village craft products conquer the world

VCN - Vietnam's handicraft products have significant potential to captivate international customers, enhancing export value and revenue.
Read More

Your care

Latest Most read
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - Mr. Nguyen Hoai Nam, Deputy General Secretary, Vietnam Association of Seafood Exporters and Producers (VASEP), said that the advantage that UKVFTA brings is that the main products of the seafood industry enjoy 0% import tax to the UK, especially key
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN - E-commerce platforms have emerged as crucial distribution channels, enabling goods to reach consumers quickly and conveniently.
Vietnam, Malaysia eye new milestone in trade ties

Vietnam, Malaysia eye new milestone in trade ties

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia. Vietnam and Malaysia are key economic, trade, and investment partners. Their economic and trade ties have steadily grown since the two nations established diplomatic relations in 1973.
Mobile Version