VINACHEM

Viet Nam was ranked 23rd among the world’s top 30 countries and territories with the largest export value, according to rankings compiled by the World Trade Organization (WTO).

In 2023, Viet Nam's total export turnover hit US$354 billion, accounting for 1.5 percent of global export value.

Top four export markets of Viet Nam in 2023 included the U.S. with US$96.99 billion; China US$60.71 billion; South Korea US$23.45 billion and Japan US$23.29 billion, according to the General Department of Viet Nam Customs.

From January-November 15, 2024, the Southeast Asian nation earned US$352.38 billion from exporting goods, up 14.8 percent, or US$45.54 billion against same period last year.

Exports are one of the main drivers of Viet Nam's economic growth and are on a path to recovery.

The World Bank (WB) noted that in recent years, Viet Nam has emerged as a prime example of an export-led growth economy. This transformation has not only bolstered the nation's economic standing but also had significant implications for its labor market./.  – Source: VGP –