Vietnam’s economy continues to thrive as evidenced by a remarkable surge in import-export activities during July. Preliminary data from the General Department of Customs revealed a total turnover of a staggering $70.11 billion, marking a substantial 9.4% increase compared to the previous month.
This unprecedented figure represents a significant milestone for the country, surpassing the usual $65 billion monthly average. Exports climbed by 7.7% to $36.23 billion, while imports rose by 11.2% to $33.88 billion.
Source: Haiquan online
The positive momentum carried over from the beginning of the year, with total import-export turnover reaching $440.45 billion, a robust 17.2% increase compared to the same period in 2023. Exports contributed $227.49 billion to this figure, up 16%, while imports reached $212.96 billion, an 18.5% growth.
The trade balance for July reflected a surplus of $2.35 billion, bringing the total surplus for the first seven months to $14.53 billion.
These figures underscore Vietnam’s growing prominence in global trade and its potential to become a major manufacturing and export hub in the region.
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