Vietnam’s Import & Export Turnover Reaches $145B in 15 March

According to preliminary statistics from the General Department of Customs, Vietnam’s total import and export turnover of goods reached US$145.6 billion up until March 15, 2024.

Key Highlights:

  • Impressive growth: The import and export turnover increased by 14.5% compared to the same period last year, indicating a positive start for Vietnam’s economy this year.
  • Exports take the lead: The export turnover reached US$75.9 billion, up 13.8% year-on-year.
  • Imports rise steadily: The import turnover hit US$69.7 billion, a year-on-year increase of 15.2%.
  • Trade surplus: Vietnam enjoyed a trade surplus of US$6.2 billion after more than two months.

HCMC Regains Top Spot in Exports:

Also according to the General Department of Customs, Ho Chi Minh City (HCMC) has reclaimed the top spot in terms of export value after the first two months of 2024, with a turnover of US$6.6 billion, up 16.6% year-on-year.

HCMC’s Remarkable Recovery:

After losing the top spot to Thai Nguyen in January, HCMC has quickly regained its familiar position with an impressive growth rate.

Thai Nguyen Maintains Second Place:

Despite not being the leader anymore, Thai Nguyen still recorded a growth of 30.9% compared to the same period last year, affirming its position as one of Vietnam’s key export localities.

Bac Ninh Sees a Decline:

Among the localities with export turnover of over US$1 billion, Bac Ninh is the only one that recorded a decrease of US$930 million compared to the same period last year.

17 Localities with Export Turnover of US$1 Billion:

The “billion-dollar club” welcomes four new members: Ba Ria – Vung Tau, Ha Nam, Long An, and Tay Ninh, demonstrating the overall development of Vietnam’s export sector.

Remarkable Growth:

The positive results in import and export turnover indicate a strong recovery of Vietnam’s economy after the COVID-19 pandemic.


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