Import-Export

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.

Global tech giants have expressed interest in expanding operations in Việt Nam this year, making the country an important part of the global technology world.

Most of them came from China, accounting for 32.3 per cent of the total import turnover by November 2024.

In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.

The volume of completely built-up (CBU) automobiles imported into Vietnam witnessed a sharp decline in the first half of December 2024

Việt Nam’s footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

Rice exports set new records in both volume and value in 2024, but a difficult year ahead is on the cards for producers as India resumes export.

Exports of HRC steel in November continued to be gloomy, so the steel companies must pivot back the domestic market to increase consumption.

VCN - According to the assessment of the Ministry of Industry and Trade, since the beginning of the year, industrial production has continued to recover rapidly and widely, which is the driving force for growth.

From the beginning of the year to December 15, there were six key export commodity groups with an increase in turnover of US$1 billion or more, according to the latest statistics of the General Department of Customs.