According to the office, in the first half of this year, total import-export revenue is estimated to reach 371.17 billion USD, up 16.4% year on year, with imports of 185.94 billion USD, a rise of 17.3% over the same period last year.

Vietnam enjoyed a trade surplus of 710 million USD in the first six months of 2022.

In the period, the domestic economic sector suffered trade deficit of 15.97 billion USD, while the foreign-invested sector saw trade surplus of 16.68 billion USD.

In June, import-export turnover is estimated at 32.65 billion USD, up 5.6% over the previous month.

In the second quarter of 2022, export revenue reached 96.8 billion USD, a rise of 21% year on year and 8.7% over the previous quarter.

In the January-June period, 28 products recorded export revenue of over 1 billion USD, and five earning revenue exceeding 10 billion USD.

The GSO reported that the country imported about 32.37 billion USD worth of products in June, pushing the total imports in the first half of 2022 to about 185.23 billion USD, an increase of 15.5% year on year.

The US remained the largest export market of Vietnam so far this year buying about 55.9 billion USD worth of products. China is the biggest source of Vietnam's imports with 61.3 billion USD.

In the first six months of 2022, Vietnam saw a 39% rise in trade surplus with the EU to about 15.5 billion USD. Meanwhile, the country suffered trade deficit of 35 billion USD with China, up 21.7%.

In order to promote exports in the time to come, the Ministry of Industry and Trade advised local exporters to apply measures to avoid risks during export activities, while optimising advantages from 15 free trade agreements that Vietnam has signed with partners to diversify export markets.

Vietnam Cooperative Trade Fair 2022 opens in Hanoi

The Vietnam Cooperative Alliance (VCA) opened the 2022 Cooperative Trade and Investment Promotion Fair (Coop Expo 2022) in the capital of Hanoi on June 8, with the participation of cooperative alliances from 50 provinces and cities.

Bac Giang pays attention to supporting trade promotion and connection to export lychee to the US

(BGO)- Vice Chairman of the provincial People’s Committee of Bac Giang province Phan The Tuan on June 3 afternoon chaired a meeting with Prof. Nguyen Dinh Phu, Chairman of the Vietnamese Entrepreneurs Network in the United States of America (VENUSA), honourary repesentative of Bac Giang province, on trade and investment promotion in the US and connection to export lychee and some farm products of Bac Giang to this market.

Vietnam’s export to EU benefiting from free trade agreement

Vietnam’s export value to the European Union (EU) grew further in the first five months of this year, with a trade surplus of 13.4 billion USD, up nearly 47 percent, thanks to their bilateral free trade agreement.

223 more Chinese traders allowed to come Bac Giang for lychee purchase

(BGO) - The Immigration Department (Ministry of Public Security) has issued document to reply Bac Giang Department of Foreign Affairs about allowing foreigners to entry Vietnam to buy lychee.

Vietnam facilitates lychee purchase by Chinese traders in Bac Giang: Spokeswoman

Competent agencies and localities of Vietnam, including Bac Giang – the country’s lychee growing hub – always create favourable conditions for Chinese businesses and traders to buy the fruit in Bac Giang, Foreign Ministry spokeswoman Le Thi Thu Hang said at a routine press conference on May 26.

Source: NDO/VNA