Trade volume likely to reach US$782 bln by year-end
VGP - Viet Nam’s total trade with rest of the world is estimated to hit US$782 billion by the end of this year, the General Department of Customs reported on December 19.
The country's trade volume reached US$745 billion, a year-on-year increase of 15.3 percent, from January 1 to December 14.
The above figure includes US$384 billion in export value, up 14.5 percent from the same period last year.
During the reviewed period, the country enjoyed a trade surplus of US$23.4 billion.
Viet Nam has emerged as a significant player in global trade, currently ranking among the world's top 20 trading economies.
Viet Nam has maintained a trade surplus for eight consecutive years, increasing from US$1.77 billion in 2016 to over US$28 billion in 2023.
As of October 2024, Viet Nam had signed 17 free trade agreements while negotiations are underway for two others.
Several new-generation trade pacts such as the EU–Viet Nam Free Trade Agreement (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have secured the nation's broader access to major markets, thus boosting the competitiveness of its exports.
Viet Nam's efforts to open its market, promote institutional reforms, and fortify international cooperation have paid off, with exceptional trade growth and substantial foreign investment that have contributed to creating a facelift for the country's economic landscape as well as cementing its position in the regional and international arenas./.
