Vietnam's budget revenue from import-export activities has increased by **13.5%**, reaching approximately **165.7 trillion VND** (nearly **6.63 billion USD**) in the first five months of 2024.
This growth is driven by a total trade turnover of about **305.53 billion USD**, reflecting a **16.6%** year-on-year increase, with exports rising by **15.2%** and imports by **18.2%**. The positive trend underscores the country's robust economic recovery and the effectiveness of customs reforms aimed at enhancing trade efficiency and compliance with regulations.
Citations:
[1] https://en.vietnamplus.vn/state-budget-revenues-from-import-export-grow-74-in-five-months-post288312.vnp
[2] https://hanoitimes.vn/vietnam-posts-trade-surplus-of-us84-billion-in-first-four-months-326804.html
[3] https://asemconnectvietnam.gov.vn/default.aspx?ID1=2&ID8=138174&ZID1=8
[4] https://en.nhandan.vn/budget-revenue-from-import-export-activities-up-135-post139896.html
[5] https://www.vietnam-briefing.com/news/vietnam-foreign-trade-continues-recovery-in-2024.html/
[6] https://www.bernama.com/en/news.php?id=2333282
[7] https://www.ghy.com/trade-compliance/canada-to-apply-25-surtax-on-steel-and-aluminum-imports-and-100-on-china-made-evs/
[8] https://www.aljazeera.com/economy/2024/8/26/canada-follows-us-imposes-100-tariff-on-evs-imported-from-china