Vietnam racks up trade surplus of US$3 billion in January
VOV.VN - Vietnam has maintained its trade surplus momentum as seen in previous months, with exports outpacing imports by US$3.03 billion in January 2025, reported the General Statistics Office (GSO) on February 6.
GSO statistics show January’s export earnings hit US$33.09 billion, down 6.9%, while imports totaled US$30.06 billion, down 14.1%.
Notably, the processed industrial goods contributed US$29.43 billion, accounting for 89% of total export turnover. Production materials accounted for US$28.26 billion, representing 94% of the total import value.
The United States remained Vietnam's largest export market with a turnover of US$9.8 billion, while China was the biggest importer of Vietnamese goods with a turnover of US$11.6 billion.
Statistics also indicate the foreign-invested sector enjoyed a trade surplus of US$4.43 billion, while the domestic economic sector slipped into a trade deficit of US$1.4 billion.
After a record-breaking year in 2024, Vietnam's import-export activities experienced a slight decline in the first month of 2025, partly due to the Lunar New Year holiday.
To support trade growth, the Ministry of Industry and Trade aims to focus on simplifying administrative procedures to create the optimal conditions for businesses, devising favorable policies for import - export activities, controlling imports through tariff quotas, strengthening market monitoring, especially in cross-border trade, and preventing fraud in origin labelling.
