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In the first 4 months of 2024, Vietnam imported over 115 billion USD, an increase of 15% over the same period in 2023. Notably, 89% of imported goods in the first 4 months of the year were machinery, equipment and raw materials.
The Ministry of Industry and Trade will continue to closely monitor market developments and policy changes of partners to propose appropriate solutions, diversify traditional and new export markets. Timely inform industry associations about developments in export markets so that enterprises can adjust their production plans accordingly and orient their search for orders from markets. Continue to diversify import markets, especially the market for importing raw materials for production, avoiding heavy dependence on one market; gradually improve the trade balance with markets where Vietnam has a trade deficit.
Source: THNM May 14, 2024
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