Customs

Resumption of economic activities as a result of effective Covid-19 containment has created room for strong rise in trade activities, stated the customs authorities.

Vietnam exported products and goods to over 80 markets in Tet holiday, with China being the largest buyer by spending US$189 million on Vietnamese commodities, or 26% of total exports.

The majority of imported cars in Vietnam in the final month of the year came from Thailand (7,696 cars), and Indonesia (2,353) and China (1,158).

Car sales in Vietnam in the January–September period dropped 22% year-on-year to 179,155 units across all segments.

This marked the rise in number of imported cars to Vietnam in two consecutive months, following a 34% increase in July.

Vietnam attained a trade surplus of over US$8.4 billion during the first seven months of this year, significantly higher than the surplus of US$1.8 billion recorded in the same period last year.

Vietnam’s external trade decreased 1.4% year-on-year to nearly US$240.12 billion in the six-month period.

Vietnam imported 39,000 cars worth US$879 million in the first half of the year, down 47% year-on-year in volume and 47.7% in value.

Vietnam customs have identified a list of foreign goods forging Vietnamese origin that contributed to a surge in exports to the US, including bicycles, solar batteries, seafood, and wooden products.