Vietnam ran a trade surplus of US$4.07 billion in the first quarter this year, with $79.17 billion in export revenue and $75.1 billion in imports, down 11.9 percent and 14.7 percent annually, respectively, reported the GSO on March 29.
The Ministry of Industry and Trade (MoIT) is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market, which is expected to be a driving force for Vietnam to tap the Latin American market.
According to the General Department of Vietnam Customs, in the first two months of this year, import and export turnover decreased, but the trade balance still had a trade surplus and increased many times compared to 2022.
Prime Minister on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development.
Vietnam’s import-export turnover in December is estimated at US$58.82 billion, up 2.7 percent over the previous month, pushing the total in the whole year to $732.5 billion, a year-on-year rise of 9.5 percent, with a trade surplus of $11.2 billion.
Despite the changes in the world situation, Vietnam has made positive recovery in business and production activities, stabilized macro-economy, controlled inflation, and ensured major economic balances, according to a report by the Ministry of Planning and Investment (MPI) delivered at the Government regular meeting on September 6.
Vietnam’s import-export turnover during the first five months of this year reached US$305.1 billion, a year-on-year increase of 15.6 percent, according to a report released on May 29 from the General Statistics Office of Vietnam (GSO).
The office of the Ministry of Agriculture and Rural Development (MARD), on May 4, informed that the total import and export turnover of agro-forestry-fishery products was estimated at US$31.8 billion, up 7 percent compared to the first four months of 2021. Of which, Vietnam saw a surplus of nearly $4 billion, 3.2 times higher than the same period last year.
Vietnam’s agro-forestry-aquatic product export and import turnover was estimated at US$22.6 billion in the first quarter of this year, up 6.3 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).