Export-Import Revenue Hit US$1.41 Billion During Seven-Day Tet Holiday

11:24:11 AM | 2/22/2024

Viet Nam's total export and import turnovers reached US$0.73 billion and US$0.68 billion during the Lunar New Year (Tet) holiday, according to the General Department of Customs.

As of February 14, total trade turnover hit US$82.56 billion, up 17.1 percent against the same period last year. Specifically, export turnover valued nearly US$43.83 billion, up 21.6 percent against the same period last year. Import value was estimated at US$38.73 billion, up 12.4 percent. Viet Nam ran a trade surplus of over US$5.1 billion.

The group of phones and components was the largest hard currency earner with US$282.8 million, making up 38.7 percent of the total export value during Tet. It was followed by electronic products and components (US$263.6 million) and machinery and equipment (US$54.4 million), accounting for 36.1 percent and 7.5 percent, respectively.

During the break, made-in-Viet Nam products were shipped to all 77 countries and territories. Specifically, the U.S. was the biggest importer with US$220.7 million of turnover, followed by China with US$186.9 million, the RoK with US$71.2 million.

The Ministry of Industry and Trade (MoIT) targets to increase total export turnover in 2024 by about 6 percent compared to 2023 and maintain a trade surplus of about US$15 billion for the ninth consecutive year.

Source: VGP