Between January and April, sales of Vietnamese products abroad totaled 123.64 billion dollars, while imports reached 115.24 billion greenbacks, to close operations with a surplus balance of 8.4 billion of the US currency.
According to information from the General Statistics Office, sales of manufactured products were estimated at 108.270 billion dollars, or 87.5 percent of the total, while the foreign direct investment sector accounted for the largest volume of exports ( 90.02 billion).
Regarding the fundamental destinations of Vietnamese productions, the entity specified that the three main markets were the United States, with 34.1 billion greenbacks, China (18 billion) and the European Union (16.4 billion). .
Regarding the amount of imports made in the first four months of the year by this Indochinese nation, he pointed out that this amounted to 115.24 billion in US currency, 15.4 more than in the same period of 2023. The main largest market for Vietnam’s import continued to be China, worth $41.6 billion, followed by South Korea (17.1 billion) and the Association of Southeast Asian Nations (15.6 billion).
Despite global economic instabilities, Vietnam closed 2023 and for the eighth consecutive year with a trade surplus estimated at more than 26 billion dollars, an amount three times higher than that of the previous period.
For the current year, the Ministry of Industry and Trade set the goal of increasing the total export volume by about six percent and maintaining a trade surplus of around 15 billion greenbacks.
According to Director of the Financial Planning Department of the Ministry of Industry and Trade, Bui Huy Son, overall Vietnam’s import and export activities in 2024, especially sales to key markets such as Europe and America, will have advantages, but will also face challenges. .
The existence of numerous Free Trade Agreements (FTAs) continues to have a positive impact, both on commercial and investment activities, he said and praised the fact that global market demand is gradually recovering.
npg/mpm
