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| Workers make garment products for export to Japan.__Photo: VNA |
Vietnam's total trade revenue reached USD 786.29 billion in 2024, up 15.4 percent year-on-year, with a trade surplus of USD 24.77 billion, the General Statistics Office (GSO) said at a press conference in Hanoi on January 6.
The December value was USD 70.53 billion, up 6.2 percent month-on-month and up 15.9 percent compared to the same period last year, according to the agency.
In 2024, the country's exports expanded by 14.3 percent to USD 405.53 billion, while imports grew by 16.7 percent to USD 380.76 billion. Of the total export value, the domestic sector contributed USD 114.59 billion, a 19.8 percent increase, accounting for 28.3 percent. The foreign-invested sector, including crude oil, generated USD 290.94 billion, up 12.3 percent and making up 71.7 percent.
As many as 37 key export items generated over USD 1 billion, collectively accounting for 94.3 percent of the total exports. Among them, eight exceeded the USD 10 billion mark, contributing a substantial 69 percent of the combined value.
Meanwhile, of the accumulative import value, the domestic sector went up 19.5 percent to USD 140.11 billion, and the foreign-invested sector recorded USD 240.65 billion, a 15.1 percent increase.
To promote export in 2025, Deputy Minister of Industry and Trade Phan Thi Thang said that her ministry continues to identify institutional building as one of the three strategic breakthroughs.
This year, it will focus on implementing the revised Electricity Law, play a role in building documents guiding the implementation of the law, and perfecting the draft Law on Chemicals for submission to the National Assembly for approval at its 9th session.
It will also make efforts to enhance the operational efficiency and competitiveness of industrial manufacturing enterprises, actively summarizing mechanisms and policies related to international economic integration. In addition, Vietnam will optimize the existing Free Trade Agreements (FTAs) and seek to sign new ones to expand and diversify markets, import and export items, and supply chains.
Deputy Minister of Agriculture and Rural Development Vo Van Hung said that the ministry will closely coordinate with the Ministry of Industry and Trade and parties to promote the production and consumption of domestic agricultural products, and negotiate to open up and promote export markets for agro-forestry-aquatic products in 2025 and the following years.- (VNA/VLLF)
