In November, the country's import-export turnover is estimated at 57.58 billion USD. (Photo: VNA)
Hanoi (VNA) – Vietnam recorded a trade surplus of 10.6 billion USDin the January-November period, the General Statistics Office announced onNovember 29.
In November, the import-export turnover is estimated at57.58 billion USD, down 1.2% month-on-month and 7.8% year-on-year, bringing thetotal value in the first 11 months to 673.8 billion USD, up 11.8% year-on-year.
In the period under review, the export revenue is estimated at342.2 billion USD, up 13.4% y-o-y, and import at 331.6 billion USD, up 10.1%.
Thirty-five commodities report an export turnover of more 1billion USD each, with eight surpassing the 10-billion-USD mark, accounting for93.7% and 70.1% of the total, respectively.
Forty-five products see the import value of over 1 billionUSD, and six over 10 billion USD, making up 93.2% and 52.3% of the total,respectively.
The US is Vietnam’s biggest importer in the period, with the turnover estimated at 101.5 billion USD, while China is thecountry’s largest exporter, with 109.9 billion USD.
In the period, Vietnam also records a trade surplus of 29.4billion USD with the European Union, and a trade deficit of 56.9 billion USDwith China.
To promote export, Deputy Minister of Industry and Trade DoThang Hai affirmed that in the last month, his ministry will a focus onsupporting businesses in finding alternative suppliers of raw materials withsuitable prices to ensure sufficient raw materials and fuel for production andconsumption, and to make good use of signed free trade agreements tospeed up production and export.
The facilitation of administrative procedures for enterpriseswill be further promoted through the application of digitalisation, typically in tax refund, import and export customs, and issuance ofthe Certificate of Origin./.
The southern province of Dong Nai recorded a trade surplus of nearly 4.7 billion USD in the first 10 months of this year, the provincial Statistics Office announced on November 2.
Budget collection from import-export activities topped 362.4 trillion VND (14.57 billion USD) in the first 10 months of this year, equivalent to 86.3% of the set target and up 14.6% year-on-year, according to the General Department of Customs.
Vietnam is on track to see a trade surplus of 10 billion USD this year despite enduring global market uncertainties and fluctuations, according to a report by the Ministry of Trade and Industry.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
In November, the country's import-export turnover is estimated at 57.58 billion USD. (Photo: VNA) 
