Vietnam earned US$6.4 billion from exports to the UK in the first 10 months of this year, marking a year-on-year rise of 22%, reported the General Department of Vietnam Customs.

The UK-Vietnam Free Trade Agreement (UKVFTA), signed into law three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October 30.

VOV.VN - As of mid-October, Vietnam’s totalimport-export turnover surpassed the US$600 billion mark, reaching US$610.56 billion, with a trade surplus of US$21.24 billion.

After cooling down in August 2024 and bottoming out at the end of September, the USD/VND exchange rate has shown signs of increasing again since the beginning of October.

Revenue from import-export activities hit US$578 billion in the first nine months of 2024, a rise of over 16% year on year, according to the General Statistics Office (GSO).

This year’s total registered foreign investment, including new capital, adjustments, and capital contributions via share purchases, exceeded US$24.78 billion as of September 30, up 11.6% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

VOV.VN - Vietnam has recorded an estimated agro-forestry-fishery trade surplus of US$12.4 billion as of mid-September, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnam posted a trade surplus of US$2.41 billion with the Philippines in the first eight months of 2024, according to the General Department of Vietnam Customs.

A sharp rise has been recorded in foreign trade over the past few months, and if this upward trend is sustained, this year’s foreign trade turnover is likely to break the record of US$732 billion set in 2022.

State budget collection from export-import activities reached VND274.03 trillion (US$11.1 billion) in the first eight months of 2024, equivalent to 73.1% of the assigned estimate and up 13.1% year-on-year, the General Department of Vietnam Customs (GDVC) announced on September 10.