Analysis of Vietnam's Export and Import Activities during the period 2016 - August 2024

Abstract:

In recent years, global economic fluctuations have intensified, and Vietnam has increasingly integrated into the international market, highlighting the country’s growing economic integration. In the context of global trade tensions, the COVID-19 pandemic, and shifting international trade policies, Vietnam’s export and import activities have faced both significant challenges and new opportunities, directly impacting its trade balance. This study focuses on analyzing growth in Export-Import Turnover, export market size, and export commodity structure from 2016 to August 2024. The primary objective of this research is to assess the key trends in Vietnam’s trade, evaluate the opportunities and challenges affecting import-export activities, and provide actionable recommendations to improve the effectiveness of these activities in supporting national economic growth. The research methodology combines quantitative analysis of official government data with qualitative insights drawn from policy reports and academic studies. The findings show that Vietnam’s exports, especially in the manufacturing and agricultural sectors, have seen robust growth, while imports have mainly concentrated on raw materials and production equipment. Despite this, Vietnam’s heavy reliance on a limited number of key markets and exposure to global price fluctuations have created economic challenges, influencing its trade balance. The study then presented the advantages, limitations, and solutions for Vietnam’s import-export activities. The conclusion suggests that diversifying export markets and increasing added value in exports are essential to ensure sustainability and stable long-term development, contributing to economic growth. The findings offer valuable insights for both businesses and government agencies, enabling them to make informed decisions and develop effective policies to improve Vietnam’s international trade activities and enhance its economic growth.