According to the office, the country’s import-export turnover is estimated to reach 64.34 billion USD in August, up 5.2% month-on-month and 17.3% year-on-year.

Tra fish processing for export.

The figure raised the country's total value during the January-August period to 497.64 billion USD, up 15.5% year-on-year, of which exports reached 250.8 billion USD, up 17.3% and imports were estimated at 246.84 billion USD, up 13.6%.

In the reviewed period, 30 commodities reported their export value of more than 1 billion USD, with that of six surpassing the 10 billion USD benchmark.

Meanwhile, 38 commodities see their import value of over 1 billion USD, with four surpassing the 10-billion-USD mark.

During January-August, the US was Vietnam’s biggest importer, buying 77.7 billion USD worth of goods, while China was Vietnam’s largest exporter, selling 82.1 billion USD worth of products.

Vietnam saw a trade surplus of 21.6 billion USD with the European Union, and a trade deficit of 47.8 billion USD with China in the period, up 46.4% and 21.9% y-o-y, respectively.

To assist exporters, the Ministry of Industry and Trade has helped them grasp contents of new-generation free trade agreements (FTAs) to make most of opportunities and minimise challenges brought about by these deals.

Attention has also being paid to bettering trade promotions, simplifying administrative procedures, and providing enterprises with both domestic and international market forecasts.

Vietnam records 4.7 billion USD trade surplus with UK over 12 months

Vietnam Nam enjoyed a trade surplus of 3.9 billion pounds (over 4.7 billion USD) in the four quarters to the end of March 2022, up nearly 22% over the same period to 2021, reported the UK’s Department for International Trade.

Vietnam posts 764 million USD in trade surplus in seven months

Vietnam enjoyed a trade surplus of 764 million USD in the first seven months of 2022, the General Statistics Office (GSO) reported on July 29.

Vietnam, Australia post record high in two-way trade

Vietnam and Australia enjoyed strong growth in two-way trade in the first half of this year at 38.45% to 8.01 billion USD for the first time, according to the Vietnam Trade Office in Australia.

Vietnam, India working to promote trade ties

More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.

Bac Giang enhances trade promotion and investment attraction

(BGO) - The Young Entrepreneur Association (YEA) in Bac Giang province has recently held trade and investment promotion conference in 2022 to enhance activities to connect business persons and member businesses of the YEA; exchange experience in trade and investment promotion between enterprises toward higher production and business efficiency.

Source: VNA