Want to be in the loop?
subscribe to
our notification
Business News
EXPORT-IMPORT TURNOVER HITS 10-YEAR RECORD
Vietnam's trade turnover in the first four months of 2021 reached $103.9 billion, a 10-year record high, according to statistics published by the General Statistics Office (GSO).
Domestic businesses exported $25.76 billion worth of goods and services, up 12.8 per cent on-year and accounting for 24.8 per cent of all overseas shipments, while foreign-invested enteprises (FIEs) still made up the majority with $78.14 billion, increasing 34.4 per cent and representing 75.2 per cent of the total.
From January to April, the heavy industry and mining sector reported the highest growth, generating $57.58 billion in export revenue, up 33 per cent on-year. The runners up are the light and craft industries (27.5 per cent) and agriculture and forestry (8.8 per cent).
The United States was Vietnam’s largest export market in the past four months with the total turnover of $30.3 billion, increasing by 50.1 per cent on-year. China came second with the export turnover of $16.8 billion, up 32.4 per cent, followed by the EU with $12.6 billion (up 18.1 per cent).
Meanwhile, China remained Vietnam’s biggest import market with $33.1 billion, up 47.8 per cent on-year, followed by Korea ($16.9 billion), ASEAN ($14.1 billion), and Japan ($7.2 billion).
The GSO also reported trade surplus of $1.29 billion and total retail sales of goods and services of close to VND1.7 quadrillion ($73.9 billion) in the first four months of the year, up 10 per cent on-year.
In order to support domestic enterprises to promote exports, the Ministry of Industry and Trade will take advantage of free trade agreements to expand export markets and remove barriers to penetrate new markets deeper. Besides, the ministry will prioritise implementing trade promotion activities at markets, to assist fast recovery after the COVID-19 pandemic.
Furthermore, the ministry will make an effort to promote the development of sectors like energy, precision engineering, as well as some mechanical engineering in order to create favourable conditions for supporting industries.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA
From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER
Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.
TECHNOLOGY
VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS
Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.
GARMENT / TEXTILE
VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS
Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS
Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.
LEGAL UPDATE / POLICY
FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH
Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.
Events Sponsors
