Of the total, Vietnam reported 152.81 billion in export revenue, a year-on-year increase of 16.3 percent.

A garment factory in Hung Yen Province.

Twenty-six groups of commodities posted an export value of over 1 billion USD each, with six with over 5 billion USD, in the first five months of 2022. Together they accounted for 89.6 percent of the country’s total export, of which manufacturing industry accounted for 88.6 percent (0.5 percent decrease from the same period last year), seafood 3.1 percent (0.6 percent increase) and agricultural and forestry products 6.9 percent (0.5 percent decline).

Meanwhile, imports turnover reached 152.29 billion USD, a 14.9 percent increase year-on-year with the domestic sector accounting for 53.36 billion USD and the foreign-invested one 98.93 billion USD, up 14.7 percent and 14.9 percent, respectively.

The US remained Vietnam's largest export market with an estimated turnover of 46.7 billion USD, while China was the largest import market with 49.6 billion USD in the first five months of 2022.

The country posted a trade surplus of 516 billion USD in the period. Specifically, it reported a trade plus of 13.4 billion USD with the European Union, a 43.6 percent increase year-on-year, but a trade deficit of 27.1 billion USD with China, 17.9 billion USD with the Republic of Korea and 6.5 billion USD with ASEAN.

Lychee sale focuses on both domestic and export markets

(BGO) - The lychee season is coming soon, with expected bumper harvest and high quality. Now, conditions for welcoming the sweet fruit season have been prepared by Bac Giang province with the desire to help growers enjoy bumper crop and good prices.

Bac Giang Vice Chairman inks memorandum of understanding about exporting farm produce to U.S

(BGO) – On the sidelines of Prime Minister Pham Minh Chinh’s trip to attend the ASEAN – US Special Summit together with Vietnamese high-ranking delegation, on May 17 (local time) Vietnam Airlines, Saigontourist Group and Thien Minh Group co-hosted “Vietnam – US Commerce – Investment – Tourism Promotion Conference” in San Francisco city.

Bac Giang’s lychee export assisted via Lang Son’s border gates

(BGO) - On May 10, the Vice Chairman of Bac Giang provincial People’s Committee (PPC) Phan The Tuan had a working session with the Lang Son PPC about assistance and linkage to export lychee to China. He was received by Vice Chairwoman of Lang Son PPC Doan Thu Ha.

Bac Giang to ensure product quality and safety against Covid-19 pandemic in exporting lychee to China

(BGO)- Vice Chairman of the Bac Giang provincial People’s Committee Phan The Tuan on the morning of May 9 hosted a teleconference with Hu Suo Jin, minister-counselor in charge of economics and commerce of Chinese Embassy in Hanoi on preparation for export of lychee.

Vietnam’s garment sector records impressive export growth

Vietnam exported over 10.6 billion USD worth of garment products in the first three months of 2022, up nearly 20% over the same period last year, which is a positive signal for garment makers to expand their production.

Source: NDO/VNA