At Gemalink international port, Phu My town, Ba Ria-Vung Tau province. (Photo: VNA)
According to the Department of Customs under the Ministry of Finance, export earnings rose 14 per cent to USD 180.23 billion, while imports increased by 17.5 per cent to USD 175.56 billion.
In May alone, total trade turnover hit USD 39.6 billion, marking a 5.7 per cent rise from April and a 17 per cent increase compared to the same month last year.
Of total exports in the five-month period, domestic firms contributed USD 49.62 billion, up 12.5 per cent, while foreign-invested enterprises—including crude oil exporters—accounted for USD 130.61 billion, up 14.5 per cent.
Twenty-five export commodities each earned more than USD 1 billion, comprising 90 per cent of total export turnover. Of these, seven items surpassed USD 5 billion in value, accounting for 67.3 per cent.
On the import side, domestic firms brought in goods worth USD 62.04 billion, up 12.9 per cent year-on-year. Foreign-invested firms accounted for USD 113.52 billion in imports, a 20.2 per cent increase. Twenty-nine imported items exceeded USD 1 billion in value, representing 86.9 per cent of total imports, with four of them surpassing USD 5 billion and making up 51.6 per cent.
The United States remained Vietnam’s largest export market, with turnover reaching USD 57.2 billion. China was the country’s top supplier, with imports valued at USD 69.4 billion.
Vietnam posted a trade surplus of USD 49.9 billion with the United States (up 28.5 per cent year-on-year), USD 16.3 billion with the European Union (up 16 per cent), and USD 0.9 billion with Japan (up 74.8 per cent), according to official data.