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Vietnam's Import-Export: Scale Breakthrough, Elevating Value

Vietnam's total import-export turnover surpassed $1,000 billion for the first time, up more than 32% year on year, needing only 7 more years after about 30 years to reach $500 billion. Export structure is shifting toward processing and manufacturing, electronics and high-tech products, with manufacturing accounting for 87.4% of total trade over the first 10 months. FDI enterprises account for more than 77% of total import-export, and the share of machinery, electronics and manufactured goods exported to the US and Europe rose from 37% in 2016 to nearly 57% last year. October's trade surplus reached $7.94 billion, more than six times the previous month, and full-year total trade is expected to reach about $1,110 billion. The Ministry of Industry and Trade's draft export-import strategy to 2030 targets double-digit growth for 2026-2030 and a place among the world's top 10 trading nations by 2045.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Xuất nhập khẩu Việt Nam: Bứt phá quy mô, nâng tầm giá trị

Read the original on CafeF ↗

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