Vietnam's Trade Performance in 2024

As of December 14, Vietnam's exports reached $384 billion, marking a significant 14.5% year-on-year increase. Simultaneously, imports also rose by 16.3% to $361 billion.

Despite the growth in both exports and imports, the trade surplus decreased from $25.71 billion last year to $23.4 billion this year.

Director of the Import-Export Tax Department, Le Nhu Quynh, announced that by December 10, state revenue from import-export activities had already surpassed the annual target by 6.1%, reaching VND397.86 trillion ($15.6 billion), a 13.8% increase from the same period last year.

Looking ahead, the National Assembly has set a state budget revenue target of VND411 trillion for 2025, based on projected GDP growth of 6.5-7% and crude oil prices of $75-80 per barrel.