Merchandise export turnover in October 2022 was estimated at 30.27 billion USD, up 1.5% over the previous month and up 4.5% over the same period last year.
Generally, in the first 10 months of 2022, export turnover of goods was estimated at 312.82 billion USD, up 15.9% over the same period last year. Regarding the structure of export commodity groups in the first 10 months of 2022, the group of processed industrial products accounted for 89.1%.
Import turnover of goods in October 2022 was estimated at 28 billion USD, down 1.4% over the previous month and up 7.1% over the same period last year. In the 10 months of 2022, the import turnover of goods is estimated at 303.42 billion USD, up 12.2% over the same period last year. Regarding the structure of the group of imported goods in the first 10 months of 2022, the group of capital goods accounted for 93.7%.
Regarding the export and import markets of goods in the first 10 months of 2022, the United States is the largest export market of Vietnam with an estimated turnover of 93.4 billion USD. China is Vietnam's largest import market with an estimated turnover of 100.7 billion USD.
The balance of trade in goods in October was estimated to have a trade surplus of 2.27 billion USD. In the first 10 months of 2022, the trade balance of goods is estimated to have a trade surplus of 9.4 billion USD (the same period last year, the trade deficit is 0.63 billion USD).
Outside the United States, global demand for Chinese products is hitting new highs. Despite being a major target of U.S. tariffs, China has strengthened its trade relationships across Africa, Southeast Asia, and Europe in 2025. While China cements its role as a global export leader, the U.S. is increasingly shifting its focus toward self-reliance.
The “China +1” strategy, once seen as a temporary plan to diversify production outside of China, has now evolved into a long-term restructuring of global supply chains. Increasingly
Vietnamese food and spice producers are making steady progress in international markets by focusing on “real quality.” By combining authentic local flavors with strict international certifications, they are strengthening their competitiveness and building trust among global buyers.
Recently, Glotrans Vietnam once again affirmed its capability in the field of Project Cargo transportation by successfully completing a special shipment from Shanghai, China to Cat Lai Port, Ho Chi Minh City.
In the joyful spirit of celebrating Vietnamese Women’s Day on October 20th, Glotrans Vietnam organized a warm and intimate ceremony to express appreciation to all female staff across the system. The event was a heartfelt thank-you to the wonderful women – the “flowers” who contribute to the success and unity of the Glotrans family.
Recently, Glotrans Vietnam organized a warm and joyful birthday celebration for employees born in October across all branches and offices nationwide.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
Company Q (Plaintiff – the Insured) and Company B (Defendant – the Insurer) entered into an insurance contract. After an insured event occurred, the parties could not agree on the value of the loss and therefore conducted an assessment. The unilateral assessment conducted by the Insurer was not accepted, while the independent assessment was only partially recognized.
