Total import-export turnover during the period stood at US$514.72 billion, up 16.3% compared with the same period last year. Exports accounted for US$262.46 billion (up 14.8%) and imports made up US$252.26 billion (up 17.9%), resulting in a trade surplus of US$10.20 billion, down 30.3% from the US$14.64 billion surplus recorded in the same period of 2024.

Smuggling and illegal cross-border transport of goods remain complex. Domestically, the production and sale of counterfeit and substandard products and goods of unclear origin, as well as intellectual property infringements, have continued openly in many areas and are increasingly prevalent on e-commerce platforms, particularly for goods affecting public health, such as food, pharmaceuticals, and dietary supplements.

Smuggling rings have also exploited favourable trade conditions to commit fraud, with violations concentrated along maritime and land routes. The maritime route accounted for the largest share, with 899 out of 1,790 cases detected (50.2% of total seizures). On land routes, 669 cases were handled in July alone, representing 37% of total incidents, primarily along the Vietnam – China and Vietnam – Cambodia borders.

From January to July, customs forces detected and dealt with 10,351 cases involving goods valued at an estimated VND15.1 trillion. Ten cases were prosecuted directly by customs authorities, while 68 others were transferred to other agencies for prosecution.

Seven-month exports hit US$262 billion, exceeding expectations

VOV.VN - Vietnam’s export performance has surpassed projections by the end of July, with seven-month export turnover estimated at US$261.8 billion, an increase of 14.6% compared to the same period in 2024, reported the Ministry of Industry and Trade.