TRADE TURNOVER JUMPS 16.2% FROM JANUARY TO MID-JULY

Vietnam’s trade turnover reached US$470.63 billion from January 1 to July 15 this year, a 16.2 percent year-on-year increase, according to the Department of Viet Nam Customs.

Of the figure, exports were estimated at US$239.19 billion, up 14.7 percent year-on-year, while imports climbed 17.7 percent to US$231.44 billion.

Foreign direct investment (FDI) enterprises recorded US$14.83 billion in export value during the first half of July, a decline of 13.5 percent compared to the second half of June. On the import side, FDI firms brought in US$13.84 billion in goods, representing a 4.4 percent increase.

By mid-July, cumulative export value by FDI businesses stood at US$175.8 billion, a 17.5 percent rise over the same period in 2024, contributing 73.5 percent of Viet Nam's total export volume. Their total import value reached US$153.31 billion, up 22.7 percent, accounting for 66.2 percent of the country's overall imports.

Despite recording a trade deficit of US$134 million in the first half of July, Viet Nam still maintained a trade surplus of US$7.74 billion from January 1 to July 15.

Viet Nam has set a 2025 export growth target of 12 percent, equivalent to about US$450 billion in export turnover. Export target for 2025 is US$454 billion, up 12 percent compared to 2024.

Source: VCCI