Vietnam's trade surges by 15.3%

    As of Dec. 14, exports amounted to $384 billion, a nearly 14.5% year-on-year increase, while imports rose by 16.3% to nearly $361 billion.

    Trade surplus stood at 23.4 billion USD, down from 25.71 billion USD during the same period last year.

    Container truck seen at HCMC's Cat Lai Port.

    Le Nhu Quynh, director of the Import-Export Tax Department, reported that by Dec. 10, state revenue from import-export activities reached VND397.86 trillion (US$15.6 billion), surpassing the annual target by 6.1% and up 13.8% from the same period last year.

    The figure is expected to hit VND420 trillion for the year, equal to 112% of the target and a 13.9% increase from 2023.

    Import-export turnover and taxable trade values saw respective increases of 15.4% and 15.3%. A notable rise in imports of high-revenue goods significantly boosted overall tax collection.

    For 2025, the National Assembly has set a state budget revenue target of VND411 trillion, based on projected GDP growth of 6.5–7% and crude oil prices of $75-80 per barrel.

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