According to the World Trade Organization (WTO), Vietnam has advanced significantly in import-export rankings, now standing second in ASEAN, trailing only Singapore.
Vietnam was one of the four fastest-growing exporters globally between 2019 and 2023, alongside India, Canada, and China. This achievement is credited to the Government's robust economic integration strategy, signing 16 FTAs and opening markets with nearly 60 partners.
Notably, in the first ten months of 2024, the domestic economic sector grew four times that of the FDI sector. The export-import turnover share of the domestic sector rose to 32% of the country's total.
The increasing share of the domestic sector marks a turnaround after a long period of decline and dependence on FDI.