The import of silver in unwrought forms to Viet Nam has experienced varying trends from 2013 to 2023. In 2023, the volume stood at 17.16 thousand kilograms, reflecting a slight decline of 1.64% from the previous year and a negative compound annual growth rate (CAGR) of -1.65% over the past five years. Between 2013 to 2017, the volume generally increased, peaking in 2017 before experiencing fluctuations. From 2018 onward, a downward trend is observed with some short-term upticks.
Looking ahead, the projected figures from 2024 to 2028 suggest a continued decline with a forecasted 5-year CAGR of -1.44% and an overall decrease of approximately 6.99%. Future trends to watch include the influence of global silver prices, demand in industrial sectors, and any changes in Viet Nam's economic policies affecting imports.
