Exports were mostly boosted by agriculture-forestry-aquaculture and the processing industry, whose revenues rose 97% and 38% respectively.

Goods are loaded at Tan Vu Port in the northern city of Hai Phong, July 2023.

Nearly $6 billion of mobile phones and accessories were exported in January, up more than 56% from December thanks to Samsung's launch of Galaxy S24.

Agriculture exports meanwhile went up thanks to higher prices, with coffee selling for $2,955 a ton, up more than 35% year-on-year, and rice $693 a ton, up 33.5%, according to the trade ministry.

The U.S. continued to be Vietnam’s largest export market, buying $9.6 billion, or nearly 56% more than in January 2023.

Revenues from other traditional markets like China increased 58%, EU 18% and ASEAN 38%.

The country’s imports reached more than $30.6 billion, with most materials for production to serve demand during the Lunar New Year, said the trade ministry.

Vietnam thus enjoyed a trade surplus of $2.9 billion in January, with the total trade turnover rising nearly 38% year-on-year to more than $64 billion.

While FDI businesses recorded a trade surplus of more than $5 billion, Vietnamese businesses suffered more than $2 billion trade deficit.

China was Vietnam’s largest import market in January, selling goods worth nearly $11 billion, or 50% more than the same period last year.

The trade ministry forecast that exports will continue to face challenges this year due to strategic competition between major economies and escalating Red Sea tension pushing shipping prices up.

Vietnam wins bid to export 300,000 tons of rice to Indonesia

Seven Vietnamese firms have won a bid to export 300,000 tons of rice to Indonesia, or more than half the volume that country’s plans to import in January.

Agro-forestry-aquatic exports up 79% in January

Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported.

Vietnam has potential to promote livestock product exports to China

Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market.

Garment sector eyes 44 billion USD in export this year

The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.

Vietnam fully taps CPTPP to push agro-forestry-fishery exports

Vietnam has recorded tangible changes in agro-forestry-fishery exports thanks to preferential tariffs in trade with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after five years the trade pact took effect.

Source: VnExpress