AsemconnectVietnam - Vietnam’s exports for the whole year of 2024 are expected to reach over 404 billion USD, an increase of about 14% compared to 2023. The Ministry of Industry and Trade sets a target for export growth of about 12% in 2025.

Exports of goods are expected to reach over 404 billion USD
According to the report of the Import-Export Department (Ministry of Industry and Trade), in 2024, import-export activities have recovered strongly, which is a bright spot in the national economy in 2024. Military conflicts and political instability continue to affect the global economy, but thanks to the Government's strong direction, Vietnam's economy has maintained positive growth momentum.
Export turnover has grown at a high level with the positive recovery of key export groups. The total exports for the whole year of 2024 are expected to reach over 404 billion USD, an increase of about 14% compared to 2023.
Exports of processed industrial products increased by 14.7%; of which computers, electronic products and components; machinery, equipment, tools and spare parts; wood and wood products increased by over 20%. Textile and footwear exports increased by over 10%. Seafood exports recovered strongly, increasing by over 10%; fruits and vegetables increased by over 20%.
According to the Import-Export Department, most export markets have recovered and grown well, markets that have signed FTAs with Vietnam have achieved high growth. The trade balance continues to record a high trade surplus of over 24 billion USD, contributing positively to growth and macroeconomic stability.
Notably, both the foreign-invested enterprise sector and the 100% domestic-owned enterprise sector recorded good growth in export turnover. Of which, the exports of domestic enterprises reached 105.5 billion USD, up by 19.5%, higher than the growth rate of the FDI sector (12.6%).
The Import-Export Department assessed that import-export activities in 2025 still face many risks and are difficult to predict. Regarding the world situation, the Import-Export Department informed that the US Federal Reserve (Fed) is expected to only implement 2 interest rate cuts in 2025, after lowering interest rates by a total of 1 percentage point since September. The crisis in the Middle East has been affecting freight transport in the world and in Vietnam.
In addition, the trend of trade protectionism is appearing more and more, many countries have measures to bring investment back to their home countries, creating trade barriers.
The developed markets such as the EU focus on sustainable development and have been introducing many new regulations such as the Carbon Adjustment Mechanism, the European Anti-Deforestation Regulation, etc., which have an impact on some of our country's key export products.
In particular, fluctuations in trade policies of major countries when the United States enters its new presidential term are strong and unpredictable factors.
CK
Source: VITIC/ haiquanonline.com.vn