Prime Minister Pham Minh Chinh has proposed enhancing economic cooperation with Poland to achieve 5 billion USD in trade turnover between the two nations shortly.
Trade
Bloomberg reported that Vietnam has overtaken Japan to become the third-largest export market for Chinese goods in 2024, with a turnover of 162 billion USD.
Thanks to a robust recovery in the semiconductor sector, Vietnam has retained its position as South Korea's third-largest trading partner.
(Chinhphu.vn) – Over the past year, industrial production has rapidly recovered on a large scale, expanding continuously and playing a driving role in the economy's overall growth. The industrial production index recorded its highest growth since 2020. Alongside the growth in industrial production, total import-export turnover for 2024 has reached a new record.
In the first 11 months of 2024, bilateral trade between Vietnam and the U.S. reached nearly 123 billion USD, an increase of almost 13 billion USD compared to the total recorded for the entire previous year.
As of the first 11 months of the year, bilateral trade between Vietnam and China reached 185.4 billion USD, approaching the record 200 billion USD mark.