Main markets have high growth, exports earn nearly $227 billion

The Ministry of Industry and Trade's recent report shows that the export turnover of goods in July 2024 is estimated to reach 35.92 billion USD, up 6.7% over the previous month and up to 19.1% over the same period in 2023. Over the first 7 months of 2024, export turnover was estimated to reach 226.98 billion USD, up 15.7% over the same period last year, of which the domestic economic sector reached 63.08 billion USD, up 21.1% over the same period last year, accounting for 27.8% of total export turnover.

Notably, in the past 7 months, exports grew strongly and evenly in all product groups, namely, the agricultural product group earned about 21.4 billion USD, an increase of 19.6% over the same period last year, accounting for 9.4% of the country's total export turnover... In general, for the first 7 months of 2024, the trade balance of goods was estimated to have a trade surplus of 14.08 billion USD (the same period last year had a trade surplus of 16.5 billion USD), of which the domestic economic sector's trade deficit was 14.92 billion USD; The foreign-invested sector (including crude oil) had a trade surplus of 29 billion USD.

The assessment of the Ministry of Industry and Trade shows that the capacity of enterprises, especially domestic enterprises, has been improved thanks to the combined impact of the Government's support policies (a new positive signal when domestic enterprises' export growth is nearly twice that of FDI enterprises), and confidence is reinforced thanks to the stable domestic macroeconomic environment. Furthermore, the recovery trend of the global market, especially some economies that are major trading partners of Vietnam, is gradually recovering...

According to VNA - Translated by Ngoc Huynh

• Approval of provincial overall plan: Driving force for sustainable development (06/08)
• Vietnam to enjoy trade surplus for 9th consecutive year: experts (06/08)
• Urban development, economic acceleration - Part 2 (06/08)
• Tan Uyen city eyes trade and service value increase by 24.21% (05/08)
• Urban development and economic acceleration (05/08)
• Moon cake market starts early (05/08)
• Vietnam among ASEAN countries recording EV sales surge (05/08)