AsemconnectVietnam - According to the assessment of the Ministry of Industry and Trade, the exports of the domestic economic sector continued to grow higher than the FDI sector and the proportion of this sector's export turnover in the total export turnover of the whole country was higher than the same period last year.

Exports continued to be a bright spot in Vietnam's trade picture in the past 11 months. In the 11 months of 2024, the preliminary export turnover of goods reached 369.93 billion USD, an increase of 14.4% over the same period last year, a high increase compared to many countries in the ASEAN region and Asia (in the 10 months of 2024, China's exports increased by 12.7%, South Korea's increased by 9.6%, Thailand's increased by only 4.9%, Indonesia's increased by only 1.33%).
Notably, the domestic economic sector reached 103.88 billion USD, up by 20%, accounting for 28.1% of total export turnover; the foreign-invested sector (including crude oil) reached 266.05 billion USD, up by 12.4%, accounting for 71.9%.
That shows that the export of the domestic economic sector continued to grow higher than the FDI sector (20% compared to 12.4%) and the proportion of export turnover of this sector in the total export turnover of the whole country is higher than the same period last year (28% compared to 26.8%), continuing to show positive signals in the export activities of this sector.
Notably, in the 11 months of 2024, there were 36 items with export turnover of over 1 billion USD (in the same period last year, there were only 33 items), accounting for 94.1% of total export turnover (there were 7 items with export turnover of over 10 billion USD, accounting for 66.5%).
Regarding the export market, export turnover to most markets and major trading partners of our country has recovered positively and achieved high growth.
Of which, the United States was Vietnam's largest export market with an estimated turnover of 98.4 billion USD, accounting for 29.3% of the total export turnover of the country and an increase of 24.2% over the same period last year (the figure of the same period in 2023 decreased by 13%); followed by the Chinese market with an estimated turnover of 55.1 billion USD, down by 0.9% over the same period last year (the same period increased by 6%).
The exports to the EU market was estimated at 47.3 billion USD, up by 18.1% over the same period last year (down by 8% in the same period of 2023); the exports to South Korea was estimated at 23.3 billion USD, up by 8.7% (down by 4% over the same period of 2023); the exports to Japan was estimated at 22.3 billion USD, up by 4.8% (down by 4.3% over the same period of 2023).
CK
Source: VITIC/ haiquanonline.com.vn