As of February 15, Viet Nam's total trade with the rest of the world hit US$84.74 billion, of which export value stood at US$ 44.42 billion.
Trade surplus at 20.19 billion USD in first eight months
Vietnam’s total import-export turnover of goods hit 435.23 billion USD in the first eight months of this year, with the country posting a trade surplus of 20.19 billion USD.
The Government’s policy of promoting cashless payment has triggered the spread of online payments in Vietnam as well as the race of new technologies, contributing to boosting the digital economy.
Improving access to affordable trade finance could increase imports and exports by up to 6 and 9 percent, respectively, in Viet Nam. This represents an annual increase in merchandise trade of US$55 billion.
Viet Nam’s trade value with other ASEAN Member States saw a year-on-year increase of 35 percent in January, reaching US$6.81 billion, statistics of the General Department of Customs showed.
Vietnam is poised to see the sharpest spike in wealth growth over the next decade as the country cements its status as a global manufacturing hub, US business news website cnbc.com quoted a report from New World Wealth - a wealth intelligence firm based in South Africa and Henley&Partners - a global leader in residence and citizenship by investment based in London.
Overseas shipment of fruits was estimated at US$510 million in January, up 24.9 percent against last month and 12.1 percent against the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning 44 billion USD in export revenue set for this year.
The UK’s magazine The Banker has run an article highlighting optimistic opinions of experts on Vietnam’s economic outlook in 2024.