THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Asia remains Viet Nam’s biggest market as export accelerates
VGP - Asia is Viet Nam’s largest export market in the first half of 2022 as it purchased US$239.45 billion of goods, representing a year-on-year increase of 16.1 percent, and accounting for 64.5 percent of the country’s total export revenue, according to the General Department of Viet Nam Customs (GDVC).
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In the latest data, the GDVC announced that in June, Viet Nam’s total trade turnover valued US$ 65.07 billion, up 2.4 percent or US$ 1.53 billion more than the previous month.
Viet Nam’s trade with the Americas hit US$ 79.72 billion (up 20 percent), followed by Europe with US$ 39.07 billion (up 9.7 percent), Oceania nearly US$ 9 billion (up 35.1 percent), and Africa with US$ 4.08 billion (down 0.3 percent).
In the January-June period, trade revenue hit US$ 371.32 billion, up 16.4 percent or US$ 52.32 billion against the same period last year. Viet Nam ran a trade surplus of US$ 743 million.
Particularly, the FDI sector pocketed US$ 255.83 billion from exports, representing a year-on-year increase of 16 percent, equivalent to US$ 35.26 billion against the same period last year.
In the reviewed period, total export turnover was US$ 186.03 billion, up 17.3% against the same period last year or US$ 27.46 billion.
Meanwhile, import volume was estimated at US$ 185.29 billion, posting a year-on-year growth of 15.5 percent or US$ 24.86 billion.
Noticeably, 63,731 cars were imported in Viet Nam in the first half, down 21.4 percent against the same period last year, equivalent to 17,352.
Viet Nam spent US$ 5 billion importing 4.81 billion tons of different types of petrol, up 17.6 percent in quantity and 128.6 percent in value in comparison with the same period last year./.