Vietnam's import and export growth is the highest in Asia

According to the Ministry of Industry and Trade, in the first 10 months of this year, the country's import and export of goods is estimated to have reached 647.8 billion USD, up 15.8% over the same period last year. This is a fairly high growth rate compared to some leading economies in the Asian region.

Many items have double-digit growth

November 13, Ministry of Industry and Trade inform trade promotion activities, market expansion export Our country's economy has continued to recover positively in recent times, and is a bright spot in the economy.

In October, the country's total export turnover was estimated at 35.6 billion USD; an increase of 10.1% over the same period last year. In the first 10 months, total export turnover reached 335.6 billion USD, an increase of 14.9%. Notably, there were 31 items with export turnover of over 1 billion USD, including 7 items with export turnover of over 10 billion USD.

According to the Ministry of Industry and Trade, contributions to activities Exports of agricultural, forestry and fishery products are estimated to reach 32.2 billion USD in the first 10 months, up 21.4% over the same period last year. In particular, many items increased by double digits such as pepper; coffee; rice; tea of all kinds; vegetables and fruits; rice; cashew nuts; rubber...

Product group manufacturing industry also recovered strongly when reaching 284.4 billion USD, up 14.7% over the same period last year. In particular, it is necessary to mention many key products, with double-digit growth such as computers, electronic products and components; phones of all kinds and components; machinery, equipment, tools, spare parts; textiles; footwear; wood and wood products; iron and steel...

In the first 10 months of this year, the country's import and export of goods is estimated at 647.8 billion USD.

In particular, exports to most of our country's major markets and trading partners have recovered positively and achieved high growth. Of which, the US is the largest export market with an estimated turnover of 98.4 billion USD, accounting for 29.3% of total export turnover and increasing by 24.2% over the same period last year.

In second place is the Chinese market with an estimated value of 50.8 billion USD, a slight increase of 2.1%, Europe with 42.3 billion USD, an increase of 16.4%; South Korea with 21 billion USD, an increase of 6.9%; Japan with 20.1 billion USD, an increase of 4.6%.

On the other hand, import of goods in 10 months reached 312.2 billion USD, up 16.8% over the same period last year.

In the first 10 months of this year, the total import and export turnover of goods reached 647.8 billion USD, an increase of 15.8% over the same period last year. The trade balance of goods had a surplus of 23.3 billion USD.

The Ministry of Industry and Trade assessed that this is a fairly high growth rate compared to some leading economies in the Asian region such as: China increased by 4.3%; South Korea increased by 9.6%; Thailand increased by 3.9%...

Many violations detected on e-commerce platforms

According to the Ministry of Industry and Trade, in recent times, business activities in the environment e-commerce Violations are constantly increasing, with complex nature and developments.

Currently, not only ordinary consumer goods, but many items such as functional foods, cosmetics, medicines, and electronic cigarette products are counterfeited in large quantities and are also traded on e-commerce platforms, directly threatening the health of consumers.

Authorities discovered many violations in e-commerce platform operations in 10 months.

In the first 10 months of this year, the Market Management force focused on monitoring and inspecting this field and discovered many violations nationwide. Most subjects organized warehouses near border gates, set up livestream points to receive orders and deliver goods at many different locations across the country; violating goods were mixed and transported in packages, using non-owner phone numbers for transactions, buying and selling and sent to customers through delivery and express delivery services, making them difficult to detect.

For cross-border e-commerce platforms operating in Vietnam but not yet complying with legal regulations (such as Temu, Shein, 1688), the Ministry of Industry and Trade said that it has directed units to coordinate with relevant functional forces to strengthen supervision, detection, and handling of warehouses and goods gathering points and through practical inspection, review, and recommendations to competent authorities to continue to improve policies and laws to improve operational efficiency and protect consumer rights.

In the context of many fluctuations in domestic gold prices, the Ministry of Industry and Trade directed market management forces in provinces and cities to strengthen professional measures, detect and strictly handle many violations nationwide, such as in Ho Chi Minh City, Quang Ninh, An Giang, Thanh Hoa, Nghe An.

Over the past 10 months, the Market Management force has inspected 61,079 cases, detected and handled 41,725 violations, with a total fine of 777 billion VND, an increase of 19% over the same period last year.

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