Hanoi, January 6, 2026 – The Europe Today: Việtnam’s total trade turnover exceeded US$930 billion in 2025, marking a year-on-year increase of 18.2 per cent and resulting in a trade surplus of US$20 billion, according to the National Statistics Office (NSO).
Speaking at a press conference in Hanoi on Monday to announce fourth-quarter and full-year economic data, NSO Director General Nguyễn Thị Hương said the domestic sector recorded a trade deficit of US$29.4 billion, while the foreign-invested sector, including crude oil, posted a surplus of nearly US$49.5 billion.
Exports in December reached US$44 billion, up 12.6 per cent from November. Domestic enterprises contributed US$9.7 billion, an increase of 17.9 per cent, while foreign-invested firms accounted for US$34.3 billion, up 11.2 per cent.
In the fourth quarter, exports totalled US$126.3 billion, rising 20 per cent year-on-year but declining 1.7 per cent quarter-on-quarter. For the full year, exports increased 17 per cent to US$475 billion.
Domestic enterprises exported nearly US$108 billion, down 6.1 per cent and accounting for 22.7 per cent of total exports, while foreign-invested firms shipped US$367.1 billion, up 26.1 per cent and representing 77.3 per cent.
The NSO reported that 36 product groups recorded export turnover exceeding US$1 billion, accounting for 94 per cent of total exports, with eight groups surpassing US$10 billion and contributing 70.2 per cent.
Processed industrial products led exports with US$421.5 billion, or 88.7 per cent of the total. Agriculture and forestry generated US$39.5 billion, seafood US$11.3 billion, and fuels and minerals US$2.8 billion.
On the import side, December imports rose 17.6 per cent month-on-month to US$44.7 billion. Domestic firms imported US$14.6 billion, up 28.5 per cent, while the foreign-invested sector imported US$30.1 billion, an increase of 13 per cent. December imports surged 27.7 per cent year-on-year, driven mainly by foreign-invested demand.
Fourth-quarter imports reached US$123.1 billion, up 21.3 per cent year-on-year and 2.9 per cent quarter-on-quarter. For the whole of 2025, imports grew 19.4 per cent to US$455 billion.
Domestic enterprises imported US$137.4 billion, down 2 per cent, while foreign-invested firms imported US$317.6 billion, up 31.9 per cent.
In 2025, 47 imported items recorded turnover of more than US$1 billion, accounting for 93.8 per cent of total imports, including nine items exceeding US$10 billion.
Inputs for production dominated the import structure at US$426.1 billion, or 93.6 per cent. Machinery, equipment and spare parts accounted for 52.7 per cent, raw materials and fuels 40.9 per cent, while consumer goods totalled US$28.9 billion, or 6.4 per cent.
The United States remained Việt Nam’s largest export market with turnover of US$153.2 billion, while China continued to be the country’s largest source of imports at US$186 billion.
Việt Nam recorded a trade surplus of nearly US$134 billion with the United States, up 28.2 per cent, and US$38.6 billion with the European Union, an increase of 10.1 per cent. The trade surplus with Japan narrowed by 30.1 per cent to US$2.1 billion.
Meanwhile, trade deficits widened with China to US$115.6 billion, up 39.6 per cent, the Republic of Korea to US$31.6 billion, up 4.3 per cent, and ASEAN to US$14.2 billion, up 42.4 per cent.
