Several localities achieve record-breaking import-export growth

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.

Illustrative image (Photo: VNA)

Illustrative image (Photo: VNA)

Following behind Bac Ninh province, where the value of imports and exports amounted to 61.66 billion USD, up 1.27 billion USD.

Meanwhile, according to data from the General Department of Vietnam Customs, the turnover of import-export Dong Nai reached 53.27 billion USD, an increase of 2.97 billion USD and Hanoi reached 49.37 billion USD, an increase of 4.96 billion USD.

Notably, Bac Giang reported a significant increase, with a total turnover of 49.12 billion USD, up by 12.54 billion USD.

Other regions including Binh Duong province with 48.79 billion USD (up by 5.63 billion USD), Hai Phong City with 46.28 billion USD (up by 7.01 billion USD), Thai Nguyen province with 37.93 billion USD (up by 2.59 billion USD), Phu Tho province with 24.1 billion USD (up by 9.2 billion USD), and Vinh Phuc province with 22.62 billion USD (up by 4.46 billion USD) also showed strong growth.

The top ten provinces and cities contributed 481 billion USD to the nation’s total turnover for the ten months.

Trade in goods remains a bright spot in Vietnam’s economic landscape for the first 10 months. Cumulative figures reveal that total import-export turnover reached nearly 648 billion USD, a 15.8% increase, equating to an additional 88.57 billion USD year-on-year. Export turnover stood at 335.59 billion USD, a 14.9% increase, while imports reached $312.28 billion, up by 16.8%.

Many key trading markets showed substantial growth compared to last year, including imports from China, which rose by 31.6%, and exports to the US, up by 24.2%.

Vietnam also recorded a strong trade surplus with several countries. The surplus with the US grew by 26.9%, with the EU by 18.6%, and with Japan by 56.9%./.

Source: VNA
en.vietnamplus.vn

Related News

More News

Textile, garment exports projected to hit 44 billion USD this year

Textile, garment exports projected to hit 44 billion USD this year

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
“New path” for small and micro enterprises to access capital

“New path” for small and micro enterprises to access capital

VCN - Small and micro enterprises and business households are often classified as high-risk, so banks are not interested in granting credit. Therefore, improving efficiency and promoting the application of technology for financial inclusion is the way for these enterprises to access capital.
UK stands ready to boost Việt Nam

UK stands ready to boost Việt Nam's international financial hub

The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.
Việt Nam lifts anti-dumping duties on imported cold-rolled stainless steel

Việt Nam lifts anti-dumping duties on imported cold-rolled stainless steel

The Ministry of Industry and Trade on November 12 announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia and China.
Businesses full of orders, creating driver for stronger export growth

Businesses full of orders, creating driver for stronger export growth

After a period of downturn, many of Vietnam's main export products, such as textiles and footwear, have shown strong recovery, achieving double-digit growth rates.
Export-import turnover in October reaches US$69.19 billion

Export-import turnover in October reaches US$69.19 billion

VCN – Total trade in October reaches US$69.19 billion, increasing by 5.1% month-on-month and 11.8% year-on-year.
CEPA Agreement opens the way to the Middle East - Africa market

CEPA Agreement opens the way to the Middle East - Africa market

VCN - CEPA is the first free trade agreement Vietnam has signed with an Arab country, opening a new era in the upgraded and increasingly substantive relationship between Vietnam and the UAE and Arab countries.
Ample opportunity for Vietnam - Peru trade to increase to meet potential

Ample opportunity for Vietnam - Peru trade to increase to meet potential

State President Luong Cuong's coming visit to Peru is set to catalyse cooperation in promising areas, as two-way trade continues its impressive trajectory, doubling to 600 million USD in 2022 from the 2014 level.
Vietnam aims to increase market share in Africa

Vietnam aims to increase market share in Africa

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.
Read More

Your care

Latest Most read
Several localities achieve record-breaking import-export growth

Several localities achieve record-breaking import-export growth

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.
Textile, garment exports projected to hit 44 billion USD this year

Textile, garment exports projected to hit 44 billion USD this year

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
“New path” for small and micro enterprises to access capital

“New path” for small and micro enterprises to access capital

VCN - In particular, the United Nations has identified financial inclusion as an important solution to achieve 7/17 sustainable development goals by 2030. To date, more than 80 countries in the world have being implemented national financial inclusion str
UK stands ready to boost Việt Nam

UK stands ready to boost Việt Nam's international financial hub

The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.
Việt Nam lifts anti-dumping duties on imported cold-rolled stainless steel

Việt Nam lifts anti-dumping duties on imported cold-rolled stainless steel

The Ministry of Industry and Trade on November 12 announced the termination of anti-dumping duties on cold-rolled stainless steel products imported from China’s Taiwan, Indonesia, Malaysia and China.
Mobile Version