According to data released by the General Statistics Office (GSO), Vietnam has achieved a trade surplus of $24.44 billion as of November 15 this year. The office reported that the total import-export turnover of goods reached $587.68 billion, marking a 9% year-over-year decrease, with exports decreasing by 6.4% and imports dropping by 11.7% compared to the same period last year.

In the domestic sector, there was a trade deficit of $19.05 billion, while the foreign-invested sector (including crude oil) posted a trade surplus of $43.49 billion.

During the first 11 months, 33 products recorded an export turnover of over $1 billion each, constituting 92.9% of the country’s total. Notably, seven commodities achieved an export turnover of more than $10 billion, accounting for 66.1%.

Deputy Minister of Industry and Trade Do Thang Hai stated that the ministry will actively engage in negotiations, sign new agreements, commitments, free trade agreements, and trade agreements with potential partners to diversify markets, products, and supply chains.

The ministry aims to support businesses in leveraging commitments in new-generation FTAs to boost exports. It will also collaborate with the Ministry of Agriculture and Rural Development to negotiate with the Chinese side to open the market for additional Vietnamese fruit and vegetable products, including green-skinned grapefruit, fresh coconut, avocado, pineapple, star apple, and lemon.

Additionally, the focus will be on strengthening early warnings of trade defense lawsuits, providing consultations on responding to lawsuits, and promptly supplying businesses and associations with new market information, demand, and relevant regulations.