Want to be in the loop?
subscribe to
our notification
Business News
EXPORT-IMPORT TURNOVER HITS 10-YEAR RECORD
Vietnam's trade turnover in the first four months of 2021 reached $103.9 billion, a 10-year record high, according to statistics published by the General Statistics Office (GSO).
Domestic businesses exported $25.76 billion worth of goods and services, up 12.8 per cent on-year and accounting for 24.8 per cent of all overseas shipments, while foreign-invested enteprises (FIEs) still made up the majority with $78.14 billion, increasing 34.4 per cent and representing 75.2 per cent of the total.
From January to April, the heavy industry and mining sector reported the highest growth, generating $57.58 billion in export revenue, up 33 per cent on-year. The runners up are the light and craft industries (27.5 per cent) and agriculture and forestry (8.8 per cent).
The United States was Vietnam’s largest export market in the past four months with the total turnover of $30.3 billion, increasing by 50.1 per cent on-year. China came second with the export turnover of $16.8 billion, up 32.4 per cent, followed by the EU with $12.6 billion (up 18.1 per cent).
Meanwhile, China remained Vietnam’s biggest import market with $33.1 billion, up 47.8 per cent on-year, followed by Korea ($16.9 billion), ASEAN ($14.1 billion), and Japan ($7.2 billion).
The GSO also reported trade surplus of $1.29 billion and total retail sales of goods and services of close to VND1.7 quadrillion ($73.9 billion) in the first four months of the year, up 10 per cent on-year.
In order to support domestic enterprises to promote exports, the Ministry of Industry and Trade will take advantage of free trade agreements to expand export markets and remove barriers to penetrate new markets deeper. Besides, the ministry will prioritise implementing trade promotion activities at markets, to assist fast recovery after the COVID-19 pandemic.
Furthermore, the ministry will make an effort to promote the development of sectors like energy, precision engineering, as well as some mechanical engineering in order to create favourable conditions for supporting industries.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM RISING STAR: CONNECTING GLOBAL CAPITAL TO VIETNAM'S HIGH-GROWTH FRONTIERS
Vietnam stands at a pivotal inflection point as global supply chains reconfigure and capital seeks resilient, innovation-driven markets. HKBAV is proud to support the exclusive Inbound Investment Forum "Vietnam Rising Star: Connecting Global Capital to Vietnam's High-Growth Frontiers", bringing together global investors, corporate decision-makers, and financial experts to unlock the next wave of foreign direct investment and strategic M&A opportunities in Vietnam!
MEMBER CORNER / PROMOTIONS
VIETNAM GO GLOBAL: MASTERING OUTBOUND INVESTMENTS & EXPANSION FROM LOCAL TO GLOBAL
Vietnamese enterprises are increasingly looking beyond domestic borders to scale on the international stage. HKBAV is proud to support the exclusive Outbound Investment Forum "Vietnam Go Global - Mastering Outbound Investments & Expansion from Local to Global", bringing together influential corporate decision-makers, global investors, and financial experts to navigate the practicalities of cross-border expansion!
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
Events Sponsors
