Topic: turnover

Total import-export turnover this year, as of September 15, increased by 15.9 per cent year-on-year, however.

The General Statistics Office has reported that total trade turnover of goods in October stood at $58.27 billion, a 0.1 per cent compared to September and 5.7 per cent year-on-year. Total trade in the first ten months was $616.24 billion, up 14.1 per cent year-on-year. Trade was in surplus by over $9 billion.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in September 2022, pangasius export turnover reached $161 million, up 97 per cent over the same period last year. Accumulating the first 3 quarters of 2022, pangasius export revenue reached $2 billion, up 82 per cent over the same period last year. With positive results and a recovery trend in the coming months, Vietnam's pangasius export turnover in 2022 is forecast to reach $2.5-2.6 billion, one and a half times higher than in 2021.

Figures from the General Department of Vietnam Customs show that 18,303 completely-built-up (CBU) motor cars of all kinds were imported in September, with total turnover standing at $367.45 million, a 0.1 per cent increase in number but fall of 4.7 per cent in turnover compared to August. In the first nine months of the year, 114,496 CBU motor cars were imported, with turnover totaling more than $2.6 billion, up 0.2 per cent in number and 3 per cent in turnover year-on-year.

Export turnover to Russia is showing signs of recovery after a sharp decline of 85 per cent year-on-year was posted last March. Russian businesses have recently shown interest in promoting trade and investment cooperation with Vietnam.

Over 70 per cent of enterprises in the textile and garment industry are of small and medium-size, making it difficult to invest in green projects and apply new technologies for sustainable development. Meanwhile, credit in the industry accounts for just 1.5 per cent of total outstanding loans in the economy. According to the Foreign Investment Agency at the Ministry of Planning and Investment, the textile and garment industry is a key exporter, accounting for 12-16 per cent of the country’s total export turnover.

According to the General Department of Vietnam Customs, of the more than $371 billion in import and export turnover in the first half of 2022, turnover with Asia was nearly $240 billion, or 64.5 per cent. Trade turnover with Africa fell just 0.3 per cent, to more than $4 billion. Trade was in surplus by $743 million in the first half.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports in the second quarter of 2022 posted turnover of over $3.2 billion, an increase of nearly 36 per cent year-on-year. Seafood exports in the first half of the year reached nearly $5.8 billion, up 40 per cent. While the US still holds the top position in the consumption of Vietnamese seafood, exports to China also rose significantly, by 91 per cent.

According to the General Statistics Office, total trade turnover reached $371.17 billion in the first half of 2022, up 16.4 per cent year-on-year, with exports at $185.94 billion, up 17.3 per cent, and imports at $185.23 billion, up 15.5 per cent. Trade was therefore in surplus by $710 million. The US was Vietnam’s largest export market, with turnover of $55.9 billion.