Want to be in the loop?
subscribe to
our notification
Business News
IMPORT-EXPORT VALUE REACHES US$65.98 BILLION IN AUG 2022
Vietnam’s total merchandise import and export value was US$65.98 billion in August 2022, up 7.9% or US$4.84 billion from the previous month, said the General Department of Vietnam Customs. Specifically, the export value was US$34.92 billion, up 14.1% or US$4.31 billion and the import value was US$31.06 billion, up 1.7% or US$526 million.
The country’s merchandise import and export value grossed US$499.71 billion in the first eight months of 2022, representing a year-on-year increase of 15.9% or US$68.69 billion over the same period in 2021. Of the sum, the exports brought home US$252.60 billion, up 18.2% or US$38.85 billion, and imports were worth US$247.11 billion, up 13.7% or US$29.84 billion.
According to the General Department, the foreign direct investment (FDI) sector traded US$46.85 billion of merchandise imports and exports in August, up 10.8% over July, totaling US$346.23 billion from January to August, up 16.2% year on year.
They earned US$26.13 billion from exports in the month, up 16.7% from the previous month, grossing US$185.44 billion in the January-August period, up 18.2% or US$28.55 billion year on year and equal to 73.4% of the nation’s export value.
In the opposite direction, they spent US$20.72 billion on imports in August, up 4.2% month over month, expending US$160.89 billion in the eight-month phase, up 13.9% or US$19.68 billion year on year and accounting for 65.1% of the country’s total imports.
FDI firms took a trade surplus of US$5.42 billion in August and US$24.55 billion in all eight months of 2022.
Key exports included telephones and components; computers, electronic products and components; machinery, equipment, tools and parts; garments; footwear; seafood; rice; and steel.
Meanwhile, the main imports consisted of computers, electronic products and components; machinery, equipment, tools and spare parts; raw materials for textile and garment, leather and footwear industries; telephones and parts; automobiles; petroleum products; coal; and steel.
Source: VCCI
Related News
MEMBER CORNER / PROMOTIONS
SAFETY IS LIFE – DISCIPLINE IS STRENGTH
At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
Events Sponsors
