Opening New Export Markets

The year 2024 marked a successful year for Vietnam’s import-export activities with total turnover reaching $786.29 billion, up 15.4% compared to the previous year. Exports increased by 14.3%, imports by 16.7%, creating an impressive trade surplus of $24.77 billion. This result reflects significant efforts by Vietnamese enterprises in expanding markets and enhancing competitiveness. #Vietnam Freight forwarder #freight and logistics companies #non commercial #non commercial #freight and logistics companies #non commercial

The textile and garment industry continued to affirm its leading role with export turnover reaching $44 billion, up 11.26% compared to 2023, while imports reached $25 billion, creating a trade surplus of $19 billion. According to Mr. Pham Quang Anh, Director of Dony Garment Company, over 20% of growth came from traditional markets like the US, Middle East, and domestic market, with the remainder from new markets like Cambodia, Thailand, Malaysia, Singapore, and Russia. #Vietnam Freight forwarder #freight and logistics companies 

Continue to open new markets for Vietnamese goods.

The fruit and vegetable sector also recorded significant success in 2024. Mr. Dang Phuc Nguyen, General Secretary of VINAFRUIT, noted that besides key products like durian and dragon fruit, passion fruit emerged as a new bright spot, accounting for nearly one-third of export turnover to the EU. Notably, frozen processed passion fruit was highly rated in the EU market. Fresh and processed coconut exports also achieved positive results in the US market. #Vietnam Freight forwarder #freight and logistics companies #non commercial

2024 also witnessed the expansion of trade relations through two new FTAs with UAE and Israel. According to Mr. Luong Hoang Thai, Director of Multilateral Trade Policy Department, UAE is not only the center of the Middle East region but also a gateway connecting to North Africa and India, with great potential in capital and logistics services. Meanwhile, the FTA with Israel opens opportunities for cooperation in science, technology, and innovation, especially in startups and high technology. #Vietnam Freight forwarder 

Export prospects for 2025 are assessed positively with opportunities in new markets like Latin America. Notably, Vietnam is negotiating an FTA with the Mercosur bloc, including major economies like Brazil, Argentina, Uruguay, and Paraguay. These markets have high per capita income and large consumption potential. Experience from CPTPP shows that exports to Mexico consistently maintain growth above 20%, indicating the huge potential of this region. #Vietnam Freight forwarder #freight and logistics companies #non commercial

On the business side, Ms. Phan Thi Thanh Xuan from the Leather, Footwear and Handbag Association said the industry will continue focusing on African and Asian markets while gradually raising standards to conquer demanding markets like Japan, Europe, and the US. Businesses are also actively approaching major e-commerce platforms like Alibaba and Amazon to expand distribution channels. Many enterprises have proactively signed contracts until mid-2025, demonstrating a market diversification strategy to minimize risks in foreign trade. #Vietnam Freight forwarder #freight and logistics companies #freight and logistics companies #non commercial #international shipping companies #shipping international

With achievements in 2024 and a clear market expansion strategy, Vietnam’s exports are expected to continue strong growth in 2025, making important contributions to the country’s economic development. #Vietnam Freight forwarder #freight and logistics companies #non commercial #international shipping companies #shipping international