Vietnam’s foreign trade expected to set new record this year

A sharp rise has been recorded in Vietnam's 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, Vietnam News Agency (VNA) reported on Thursday. The last two months witnessed monthly exports and imports exceeding $70 billion. In particular, the sum was estimated at $70.11 billion in July and $70.65 billion in August. In 2022, the trade value hit $732 billion, but none of that year's months saw the figure reaching $70 billion. If the monthly turnover of $70 billion is maintained, total exports and imports for the whole 2024 may exceed $790 billion. If some industries are unable to maintain their performance, the figure may stand at $785-786 billion. Source: Emirates News Agency