Vietnam’s trade surplus declined to USD 0.38 bln in January 2024 (as of Jan-15) from USD 0.73 bln in the same period in 2022, as exports increased 4.1% YoY to USD 15.08 billion, while imports grew 6.8%. The country’s trade surplus widened sharply to USD 28 bln in 2023, up from USD 12.1 bln in 2022. Meanwhile, FDI in Vietnam rose 9.6% YoY to USD 1.48 bln in January 2024, the smallest increase in a year. FDI pledges grew by 40% to USD 2.36 bln, with significant real estate and manufacturing investments, particularly from Singapore, Japan, and Hong Kong.