Vietnam’s export-import turnover is likely to reach a record high of US$782 billion this year, demonstrating the country’s steady recovery amid global fluctuations, according to the General Department of Vietnam Customs.
Statistics from the General Department of Vietnam Customs show that as of December 14, the country’s total export-import turnover fetched US$745 billion, marking a growth of 15.3% compared to the same period in 2023.
Of the total, exports brought in US$384 billion, an increase of nearly 14.5%, while imports hit approximately US$361 billion, up by 16.3%.
The value of goods cleared through customs grew strongly in both directions, resulting in a trade surplus of US$23.4 billion, though the figure was nearly US$2.3 billion less than the trade surplus recorded in the same period last year.
Some optimists even said the country’s foreign trade this year may hit the US$800 billion mark this year thanks to bustling trade activities throughout the year.
However, analysts argued that reaching US$800 billion seems almost impossible, based on the figures recorded in the past 11 months and the declining trend in November.
To achieve US$800 billion, the export-import turnover in December would need to reach nearly US$85 billion, a figure never achieved before and far beyond the average of US$65 billion per month in the first 11 months of 2024.
Unless there is an extraordinary growth in December, it will be difficult to gross US$85 billion in export-import turnover, said analysts.