{"id":6425,"date":"2024-07-01T17:18:00","date_gmt":"2024-07-01T10:18:00","guid":{"rendered":"https:\/\/bwindustrial.com\/a-glimpse-into-vietnams-2023-exports-q1-q3-performance-and-future-projections\/"},"modified":"2024-07-15T09:56:10","modified_gmt":"2024-07-15T02:56:10","slug":"a-glimpse-into-vietnams-2023-exports-q1-q3-performance-and-future-projections","status":"publish","type":"post","link":"https:\/\/bwindustrial.com\/vi\/a-glimpse-into-vietnams-2023-exports-q1-q3-performance-and-future-projections\/","title":{"rendered":"A Glimpse into Vietnam\u2019s 2023 Exports: Q1\u223cQ3 Performance and Future Projections"},"content":{"rendered":"

In the initial three quarters of 2023, Vietnam\u2019s exports encountered notable hurdles, largely stemming from sluggish expansion in both the US and EU markets, collectively representing around 40% of Vietnam\u2019s goods exports. Nevertheless, a more in-depth examination of the data uncovers a more complex perspective.<\/p>\n

According to the General Customs Department, Vietnam\u2019s total export turnover in the first 9 month of 2023 was estimated at US$259.7 billion, signifying an 8.2% decrease compared to the same period in 2022. Particularly, the domestic sector recorded a turnover of US$68.9 billion, contributing 26.5% to the total export turnover. Meanwhile, foreign-invested companies\u2019 exports reached US$190.8 billion, constituting 73.5% of the total export turnover.<\/p>\n

Despite the challenges, there are positive signs. Quarter-over-quarter growth showed an encouraging trend, with Q2 witnessing an 8.1% increase compared to Q1, and Q3 achieving a growth rate of 10.3% compared to Q2. This suggests resilience and adaptability within Vietnam\u2019s export sector.<\/p>\n

Looking at major product groups, six categories with export turnover exceeding US$10 billion, such as computers, phones, machinery, textile and garment, footwear, and transportation vehicles, accounted for a substantial 62.2% of the total export turnover. Notably, high-value commodities such as transportation vehicles and cameras are among the few manufactured goods that maintained positive growth at 16.7% and 6.4% respectively. This shift towards more technologically advanced and value-added products is a testament to the country\u2019s increasing expertise and competitiveness on the international stage.<\/p>\n

Though most major markets experienced a downturn in the first three quarters of 2023, China stood as an exception, exhibiting 2.1% of growth as part of Vietnam\u2019s exports. This growth was primarily driven by the substantial volume of agricultural products exported to China.<\/p>\n

\"\"<\/p>\n

Source: General Customs Department<\/em><\/p>\n

Looking ahead, there\u2019s optimism for a robust finish in Vietnam\u2019s exports in the final quarter of 2023. Anticipated factors include diminishing inflation in major economies, heightened year-end consumer demand, and the advantageous shift of production from China to Vietnam by multinational corporations. These dynamics suggest that Vietnam is well-poised to capitalize on emerging opportunities and continue its dynamic journey in the global trade landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the initial three quarters of 2023, Vietnam\u2019s exports encountered notable hurdles, largely stemming from sluggish expansion in both the US and EU markets, collectively representing around 40% of Vietnam\u2019s goods exports. Nevertheless, a more in-depth examination of the data uncovers a more complex perspective.<\/p>\n","protected":false},"author":1,"featured_media":2330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[65],"tags":[],"class_list":["post-6425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moi-truong-kinh-doanh"],"acf":[],"_links":{"self":[{"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/posts\/6425"}],"collection":[{"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/comments?post=6425"}],"version-history":[{"count":10,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/posts\/6425\/revisions"}],"predecessor-version":[{"id":7713,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/posts\/6425\/revisions\/7713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/media\/2330"}],"wp:attachment":[{"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/media?parent=6425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/categories?post=6425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bwindustrial.com\/vi\/wp-json\/wp\/v2\/tags?post=6425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}