According to the Ministry of Industry and Trade, in the first ten months of 2024, Việt Nam''s trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.
Thịnh attributed his prediction to the fact that the country''s trade activities have achieved many positive results with high growth recorded in major markets such as the US, the EU, Japan and South Korea.
According to data from the General Department of Customs, Việt Nam''s exports to the Philippines in the first eight months of 2024 amounted to US$4.07 billion, up 17 per cent year-on-year.
Việt Nam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.
For the seven-month period, exports totalled $226.98 billion, up by 15.7 per cent, in which the domestic sector accounted for 27.8 per cent and the foreign-invested sector (including crude oil) accounted for 27.2 per cent.
In the first half of this year, Vietnamese businesses spent $67 billion on imports from China and raked in $27.8 billion from exports to this market, respectively rising nearly 35 per cent and 5.3 per cent year-on-year.
April exports were estimated at $30.94 billion, up 10.6 per cent over the same period last year, pushing the total results in the first four months of this year to $123.64 billion, a year-on-year rise of 15 per cent.
Việt Nam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of $3.5 billion reported in the same period last year, according to the General Statistics Office (GSO).
The domestic sector saw a trade deficit of $19.05 billion, and the foreign-invested sector (including crude oil) posted a trade surplus of $43.49 billion.