Vietnam is in the top 30 largest commodity import-export economies

In 2021, the value of products exported from Vietnam was ranked 23rd globally, while the value of goods received from Vietnam was ranked 20th globally.

Since 2019, Vietnam has been rated second in ASEAN, only after Singapore and ahead of both Thailand and Malaysia.

According to the General Department of Customs, Vietnam began to open up and become more globally integrated in 1995.

The Association of Southeast Asian Nations (ASEAN), the ASEAN Free Trade Area (AFTA), the application to join the World Trade Organization (WTO), and the restoration of ties between Vietnam and the United States.

Vietnam's economy has undergone significant change over the past 30 years, thanks to the gradual implementation of a multilateral and diversified foreign policy that has taken advantage of opportunities for cooperation in trade, investment, integration, and technology transfer as well as the nation's economic growth.

In 2007, the total value of imports and exports first surpassed the landmark of $100 billion. It doubled to $200 billion four years later. Vietnam's imports and exports also surpassed $300 billion by the end of 2015 and $600 billion by the end of November 2022 in the following four years. Vietnam's total import-export value hit $700 billion by mid-December.