HÀ NỘI — Việt Nam's total import-export turnover reached US$745 billion as of December 14, marking a robust 15.3 per cent growth compared to the same period in 2023, according to the General Department of Vietnam Customs.

Export revenues amounted to $384 billion, a nearly 14.5 per cent increase, while imports value rose by 16.3 per cent to approximately $361 billion.

The trade surplus stood at $23.4 billion, down from $25.71 billion during the same period last year.

Director of the Import-Export Tax Department Lê Như Quỳnh reported that by December 10, state revenue from import-export activities reached VNĐ397.86 trillion ($15.6 billion), surpassing the annual target by 6.1 per cent and reflecting a 13.8 per cent increase year-on-year.

The revenue for the entire year is expected to hit VNĐ420 trillion, equal to 112 per cent of the target, representing a 13.9 per cent increase compared to 2023.

Quỳnh attributed the increase to the rising number in both newly established businesses and their registered capital in 2024. Import-export turnover and taxable trade values saw respective increases of 15.4 per cent and 15.3 per cent, respectively. 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 VNĐ411 trillion, based on GDP growth projections of 6.5–7 per cent and crude oil prices ranging from $75 to $80 per barrel.

To achieve this target, the customs authority said it will strengthen tax management, customs procedures, and post-clearance inspection while combating smuggling and trade fraud, while refining tax and customs regulations. Customs agencies will research and adopt centralised clearance models, and integrate tax and customs processes and information, creating foundations for digitising documents and automating customs process. — VNS