The World News AM
Monday, May 12, 2025
  • Login
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us
No Result
View All Result
The World News AM
No Result
View All Result
Home Business

Việt Nam’s exports to EU see impressive recovery in 2024

WNAM: by WNAM:
February 4, 2025
in Business
0
Việt Nam’s exports to EU see impressive recovery in 2024
0
SHARES
9
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

HÀ NỘI ( WNAM MONITORING):  In 2024, Việt Nam exported nearly US$51.7 billion to the European Union, marking an 18.5 per cent increase, equivalent to an additional $8.08 billion compared to the previous year.

Among the key export categories, computers, electronic products and components reached nearly $10.8 billion, up 66.9 per cent, equivalent to an increase of $4.3 billion.

Machinery, equipment, tools and spare parts recorded $8.7 billion, a 24.9 per cent rise, equivalent to an increase of $1.7 billion.

Meanwhile, exports of phones and components fell by 13.4 per cent to nearly $7.4 billion, a decrease of $1.1 billion year-on-year.

Việt Nam’s imports from the EU in 2024 totalled $16.7 billion, up 12 per cent, an increase of $1.8 billion from the previous year.

Imports increased in several key product groups, including computers, electronic products and components, which amounted to $3.7 billion, up 16.4 per cent, equivalent to a $523 million rise.

Machinery, equipment, tools and spare parts reached $3.4 billion, an increase of 6.2 per cent, equivalent to an increase of $200 million.

With total two-way trade reaching nearly $68.4 billion in 2024, Việt Nam recorded a trade surplus of $35 billion with the 27 EU member states – higher than the $28.7 billion recorded in 2023.

Việt Nam’s strong trade growth with the EU has been significantly driven by the Việt Nam-EU Free Trade Agreement (EVFTA), which entered its fifth year of implementation. Since the FTA took effect in August 2020, Việt Nam’s exports to the EU have seen remarkable growth.

A survey by the European Chamber of Commerce in Vietnam (EuroCham) indicates that the EVFTA has significantly boosted Việt Nam’s exports to Europe. This growth has been particularly evident in sectors, including electronics, textiles, footwear, agriculture, and seafood, which is in line with the tariff reduction roadmap under the FTA.

According to Việt Nam Customs, after four years of EVFTA implementation, Việt Nam’s total exports in this period were estimated to have reached around $200 billion. This has positioned Việt Nam as the EU’s top trading partner among ASEAN nations.

ShareTweetShare
WNAM:

WNAM:

Related Posts

Pakistan Army thwarted evil designs of enemy: Zafar Bakhtawari

Pakistan Army thwarted evil designs of enemy: Zafar Bakhtawari

by WNAM:
May 11, 2025
0

ISLAMABAD ( WNAM REPORT ): On the invitation of UBG (FPCCI) Secretary General Zafar Bakhtawari, the business community of Islamabad...

Business Community Stands Tall with Armed Forces of Pakistan: ICCI President Nasir Qureshi

Business Community Stands Tall with Armed Forces of Pakistan: ICCI President Nasir Qureshi

by WNAM:
May 9, 2025
0

ISLAMABAD ( WNAM REPORT ): President of the Islamabad Chamber of Commerce and Industry (ICCI), Nasir Mansoor Qureshi, has expressed...

RCCI hosts special ceremony to pledge support for Armed Forces of Pakistan

RCCI hosts special ceremony to pledge support for Armed Forces of Pakistan

by WNAM:
May 9, 2025
0

RAWALPINDI ( WNAM REPORT ): The Rawalpindi Chamber of Commerce and Industry (RCCI) hosted a special event to express strong...

Chairman OGDCL Zafar Masud’s Book Launched

Chairman OGDCL Zafar Masud’s Book Launched

by WNAM:
May 6, 2025
0

ISLAMABAD ( WNAM REPORT ): Chairman of Oil and Gas Development Company Limited (OGDCL) Zafar Masud's book titled "Seat 1C:...

ICAP Holds CFO Conference 2025

ICAP Holds CFO Conference 2025

by WNAM:
May 6, 2025
0

WNAM REPORT: The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of Pakistan (ICAP) successfully organized...

Next Post
China’s annual trade in services exceeds 1 trillion USD, boasting significant potential

China's annual trade in services exceeds 1 trillion USD, boasting significant potential

Africa’s largest mining summit opens in South Africa

Africa’s largest mining summit opens in South Africa

  • Home
  • World
  • Gulf
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

No Result
View All Result
  • Home
  • World
    • Asia
    • South Asia
      • Afghanistan
      • Pakistan
      • India
      • Sri Lanka
    • Central Asia
      • Azerbaijan
      • Kazakhstan
      • Russia
      • Tajikistan
      • Turkmenistan
      • Uzbekistan
    • East Asia
      • China
      • Japan
      • South Korea
    • SouthEastAsia
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
    • Africa
      • Ethiopia
      • Ghana
      • Libya
      • Zimbabwe
    • Europe
      • France
      • Italy
      • Germany
      • Spain
      • Sweden
      • Switzerland
      • Turkiye
      • Ukraine
      • United Kingdom
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
    • Oceania
      • Australia
      • New Zeland
  • Gulf
    • UAE
    • Iran
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
  • Articles
  • Business
  • Sports
  • Health
  • Entertainment
  • Contact Us
  • About Us

© 2023 The World News AM - Develope and maintain by Skyhost.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In