HCMC – Vietnam’s total trade volume surpassed US$745.4 billion by mid-December, a 15.35% increase compared to the same period last year, according to the General Department of Customs.
Exports rose 14.5% year-on-year to US$384.4 billion, while imports grew 16.32% to nearly US$361 billion, resulting in a trade surplus of US$23.42 billion.
The customs department projects Vietnam’s total trade volume for 2024 to hit US$782.3 billion, with an estimated trade surplus of US$23.53 billion.
Customs revenue reached VND402.68 trillion, exceeding the year’s target by 7.4% and up 13.9% compared to last year. Annual revenue is expected to reach around VND420 trillion, 12% higher than the set target.
The national single-window mechanism now connects 13 ministries and agencies, supporting over 75,400 businesses with 250 administrative procedures. Vietnam continues maintaining electronic certificate-of-origin exchanges with nine ASEAN countries, streamlining trade processes.
Vietnam has also expanded trade cooperation with key partners, such as Japan, China, South Korea, and the U.S., through pilot projects.
In 2024, customs authorities contributed to 69 draft laws and promoted smart border gate initiatives in Lang Son, alongside the development of digital systems for land border checkpoints. These efforts to simplify procedures and adopt advanced technologies aim to improve business efficiency and support economic growth.
