Viet Nam enjoys double-digit trade growth with ASEAN
VGP - Viet Nam’s trade with other ASEAN Member States hit over US$76.3 billion over the last 11 months of 2024, up 13.9 percent compared to the same period last year, only behind China, the U.S. and South Korea.
Of the total, Viet Nam's exports and imports reached US$33.8 billion and US$42.4 billion, respectively, reported the General Department of Viet Nam Customs.
Thailand was the biggest trade partner of Viet Nam in ASEAN, with US$18 billion.
Regarding investment, ASEAN countries invested US$9.52 billion in Viet Nam in the first 11 months of 2024, up 51.1 per cent year-on-year.
Singapore was the top investor with total registered capital of US$9.13 billion, followed by Thailand with US$178.52 million and Malaysia with US$159.98 million.
ASEAN is a regional grouping that aims to promote economic and security cooperation among its ten members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Viet Nam.
The ASEAN Community was established on December 31, 2025, marking an important milestone in the history of bloc's development.
The ASEAN economic community is among three pillars of the ASEAN Community, along with political-security community and socio-cultural community.
It targets to create a single market and production base with free flow of goods, services, investments, capital, and skilled labor, thus enhancing competitiveness and promoting common prosperity for the entire region, making it more attractive for external investment and business.
Viet Nam officially joined ASEAN on July 28, 1995, marking a significant milestone in the country's regional and international integration journey.
During nearly 30 years of accompanying ASEAN, the nation has promoted its role as a proactive, responsible member of the bloc, making substantial contributions to its overall development./.
