By the first half of September, the country's import and export reached 464.08 billion USD.

According to the General Department of Customs, the total value of Vietnam's import and export of goods in the first period of September 2023 (September 1-15) reached 28.07 billion USD, down 15.4% (equivalent to a decrease of 5.13 billion USD) compared to the second half of August 2023.

The results achieved in the first half of September 2023 brought the total import-export value of the whole country up to September 15, 2023 to 464.08 billion USD, down 11.9%, equivalent to a decrease of 62.82 billion USD compared to the same period in 2022.

Import and export of goods still has many potential difficulties.

Of which, the total import-export value of enterprises with foreign direct investment (FDI) reached 320.01 billion USD, down 12.3%, equivalent to a decrease of 45.03 billion USD.

In the first period of September, the trade balance of goods had a surplus of 222 million USD. Accumulated from the beginning of the year to September 15, the trade balance of goods had a surplus of nearly 20 billion USD.

Regarding exports, the total value of Vietnam's export goods in the first period reached 14.29 billion USD, down 21.6% compared to the second period. Thus, by the end of September 15, 2023, Vietnam's total export value reached 242 billion USD, down 8.8%, equivalent to a decrease of 23.44 billion USD compared to the same period in 2022.

On the contrary, the total value of imported goods in the first period of September 2023 reached 13.78 billion USD, down 6.5%, equivalent to a decrease of 621 million USD compared to the results in the second half of August 2023.

The value of imported goods in the first period of September decreased compared to the second period of August 2023, mainly in the following groups of goods: coal of all kinds decreased by 125 million USD, equivalent to a decrease of 40.4%; machinery, equipment, tools and spare parts decreased by 112 million USD, a decrease of 6.1%...

Thus, by September 15, 2023, the total import value of the whole country reached 222.05 billion USD, down 15.1%, equivalent to a decrease of 39.38 billion USD compared to the same period in 2022.

From now until the end of the year, although there are many positive signals, the world economic situation is forecasted to have many rapid and unpredictable developments. Although it has slowed down, inflation remains high in the markets. The conflict between Russia and Ukraine continues to be complicated, causing the global supply chain to break down, and prices of input materials for production remain high.

However, there are expectations of a recovery in export orders, Vietnamese enterprises are resilient, flexible, and proactive in production and business. Vietnamese enterprises have gradually promoted their creativity, sought new markets, and exploited the advantages of FTAs very well.

Regarding solutions to promote exports, Deputy Minister of Industry and Trade Do Thang Hai stated that the Government, ministries and branches need to continue to provide maximum support, remove obstacles and difficulties, reduce costs for businesses, speed up tax refunds, etc., thereby providing motivation for import-export businesses to maintain production and business, and have capital to import raw materials for production and export according to new orders.

With the goal of creating the greatest convenience for import and export, the Ministry of Industry and Trade is actively implementing solutions, such as: businesses can pay fees and charges for certificates of origin of goods online, instead of having to go directly to the management agency to pay the fees. Organize monthly periodic meetings between the agencies of the ministry, the system of Vietnam Trade Offices abroad with localities, associations, businesses and related ministries and branches to update information, needs, as well as new regulations of the market. Continue to negotiate and sign FTAs with other potential partners to diversify markets, products, supply chains, etc.

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