Import and export maintain growth momentum
On the morning of April 6, General Statistics Office - Ministry of Finance announced a report on socio-economic situation in March and the first 3 months of 2024.
Accordingly, in terms of import and export, in March, total import and export turnover of goods reached 75.39 billion USD, up 18.2% over the previous month and up 16.6% over the same period last year. In the first quarter of 2025, total import and export turnover of goods reached 202.52 billion USD, up 13.7% over the same period last year, of which exports increased by 10.6%; imports increased by 17.0%. Trade balance of goods had a surplus of 3.16 billion USD.
Export turnover of goods in March 2025 reached 38.51 billion USD, up 23.8% over the previous month. In the first quarter of 2025, total export turnover of goods reached 102.84 billion USD, up 10.6% over the same period last year. Of which, domestic economic sector reached 29.02 billion USD, up 15.0%, accounting for 28.2% of total export turnover; foreign-invested sector (including crude oil) reached 73.82 billion USD, up 9.0%, accounting for 71.8%.
In the first quarter of 2025, there were 18 items with export turnover of over 1 billion USD, accounting for 84.5% of total export turnover (there were 5 items with export turnover of over 5 billion USD, accounting for 59.9%).
Import turnover of goods in March 2025 reached 36.88 billion USD, up 12.9% over the previous month. In the first quarter of 2025, import turnover of goods reached 99.68 billion USD, up 17.0% over the same period last year, of which domestic economic sector reached 36.78 billion USD, up 19.3%; the foreign-invested sector reached 62.9 billion USD, up 15.8%.
Removing difficulties for import and export activities
In the coming time, import and export of goods is expected to face many difficulties due to tax policies in the market. To resolve these difficulties, for the leading important partner, the United States, at second meeting of the Government Standing Committee with ministries and branches to continue assessing the situation and discuss immediate and long-term solutions after the United States announced the imposition of reciprocal tariffs on goods from many countries, including Vietnam. On afternoon of April 5, the Prime Minister emphasized that Vietnam is ready to negotiate with the United States to reduce import tax rate on goods from this market to 0%.
On part of Ministry of Industry and Trade, in the coming time, Ministry of Industry and Trade determined to continue to focus on market information work to promptly inform industry associations about developments in export market so that businesses can promptly adjust their production plans accordingly, orient their search for orders from the markets; regularly update information on situation of foreign markets; regulations, standards and conditions of foreign markets that may affect Vietnam's import and export activities and recommendations for localities, associations and import-export enterprises.
In addition, regularly review, amend, supplement or propose competent authorities to amend and supplement relevant legal documents to simplify administrative procedures, promote implementation through online public services to facilitate import and export activities.
In addition, continue to implement solutions to diversify export markets, aiming to promote exports to a variety of new markets, in parallel with key markets.
Effectively exploit FTAs, in addition to accelerating negotiation of new FTAs and upgraded FTAs; accelerate progress of internalizing commitments, continue to implement training activities on commitments, focusing on training on rules of origin for businesses to grasp and take advantage of.
Regularly exchange and warn organizations that issue Certificates of Origin (C/O) to pay attention to some items with high risk of origin fraud; proactively organize inspection and verification teams when there is suspicion of origin fraud.
Regularly and closely monitor situation of freight rates and fluctuations in the world and domestic transportation and warehousing market to make timely recommendations to the business community...

Source: Vitic/ congthuong.vn