Several provinces achieve record-breaking import-export growth

Nov 14th at 10:18
14-11-2024 10:18:27+07:00

Several provinces achieve record-breaking import-export growth

During the first ten months of 2024, HCM City maintained its leading economic position, contributing the largest share of Việt Nam’s total import-export turnover, reaching nearly US$88 billion, up by $7.3 billion year-on-year.

Production of canned coconut water at the Bến Tre Import-Export Joint Stock Company (Betrimex) in the Mekong Delta province of Bến Tre. — VNA/VNS Photo

Following behind Bắc Ninh Province, where the value of imports and exports amounted to $61.66 billion, up $1.27 billion.

Meanwhile, according to data from the General Department of Việt Nam Customs, the turnover of import-export Đồng Nai reached $53.27 billion, an increase of $2.97 billion and Hà Nội reached $49.37 billion, an increase of $4.96 billion.

Notably, Bắc Giang reported a significant increase, with a total turnover of $49.12 billion, up by $12.54 billion.

Other regions including Bình Dương Province with $48.79 billion (up by $5.63 billion), Hải Phòng City with $46.28 billion (up by $7.01 billion), Thái Nguyên Province with $37.93 billion (up by $2.59 billion), Phú Thọ Province with $24.1 billion (up by $9.2 billion), and Vĩnh Phúc Province with $22.62 billion (up by $4.46 billion) also showed strong growth.

The top ten provinces and cities contributed $481 billion to the nation’s total turnover for the ten months.

Trade in goods remains a bright spot in Việt Nam’s economic landscape for the first 10 months. Cumulative figures reveal that total import-export turnover reached nearly $648 billion, a 15.8 per cent increase, equating to an additional $88.57 billion year-on-year. Export turnover stood at $335.59 billion, a 14.9 per cent increase, while imports reached $312.28 billion, up by 16.8 per cent.

Many key trading markets showed substantial growth compared to last year, including imports from China, which rose by 31.6 per cent, and exports to the US, up by 24.2 per cent.

Việt Nam also recorded a strong trade surplus with several countries. The surplus with the US grew by 26.9 per cent, with the EU by 18.6 per cent, and with Japan by 56.9 per cent. 

Bizhub





RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Incheon-Hanoi conference marks milestone in tourism development cooperation

Hanoi and South Korea's Incheon aim to increase their visibility among Vietnamese and international travelers through a series of events to promote MICE (Meetings...

Annual food industry expo opens in HCM City

The annual Vietnam International Food Industry Exhibition (Vietnam Food Expo), which opened in HCM City on November 13, promises to help Vietnamese food businesses...

Sustainability will help VN exporters gain competitive edge in Europe: workshop

Meeting green standards is no longer optional but it is now a key requirement for Vietnamese businesses to maintain and expand access to the EU market, a workshop...

Protectionism still a barrier for VN’s exports

Việt Nam has faced 268 trade defence investigations, with more than half coming from Asia, Africa and Oceania, according to the Ministry of Industry and Trade.

Construction materials industry's revenue to reach $47 billion

Despite significant domestic demand due to low housing rates and incomplete infrastructure, Việt Nam's construction materials industry faces challenges, according...

Conference hails HCM City as potential international transshipment hub

HCM City has huge potential due to its strategic location to develop transhipment ports for oversized and heavy cargo from around the world, a conference has heard...

Farm projects grab top honours at annual green startup competition

A project that makes a range of nutritious cassava-based baked goods by Mai Tuấn Anh of HCM City won the first prize of VNĐ60 million (US$2,373) at the final round...

600 creative handicraft designs to be on display in Hanoi

The program aims to support businesses, cooperatives and rural industrial workshops in the production and marketing of handicrafts.

Ten-month retail sales of consumer goods, services up 8.5%

Việt Nam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.5 per cent to over VNĐ5.2 quadrillion (US$207.5 billion) during...

Temu, Shein must complete business registration by month-end

The Ministry of Industry and Trade (MoIT) has engaged with representatives from cross-border e-commerce platforms Temu and Shein, mandating them to complete...


MOST READ


Back To Top