Hanoi, September 7, 2025 – The Europe Today: Vietnam’s Ministry of Industry and Trade (MoIT) has projected that the country’s total import-export turnover could hit a record US$800 billion this year, marking the first time the nation achieves this milestone. The forecast surpasses last year’s figure of US$786 billion.
According to data released by the National Statistics Office under the Ministry of Finance, Vietnam recorded a total import-export turnover of US$597.93 billion in the first eight months of 2025, representing a 16.3 percent year-on-year increase. The trade balance posted a surplus of US$13.99 billion.
Exports earned US$43.39 billion in August alone, up 2.6 percent from July and 14.5 percent compared to the same period last year. In the January–August period, export revenue totaled US$305.96 billion, reflecting a 14.8 percent increase year-on-year. Twenty-nine export items exceeded the US$1 billion mark, with seven surpassing US$10 billion.
On the import side, turnover reached US$39.67 billion in August, slightly down 0.8 percent from July. Overall, imports totaled US$291.97 billion during the eight-month period, up 17.9 percent year-on-year. Thirty-eight import categories exceeded US$1 billion, including two items above US$10 billion.
The United States remained Vietnam’s largest export market with US$99.1 billion, while China continued to be the top source of imports at US$117.9 billion. Vietnam maintained a trade surplus of US$87 billion with the US (up 26.8 percent) and US$25.6 billion with the EU (up 10 percent). However, the country ran trade deficits of US$75.9 billion with China (up 39.8 percent), US$20.1 billion with South Korea, and US$9.4 billion with ASEAN.
To further strengthen import and export activities, the MoIT has instructed its departments to enhance policy advisory work and finalize mechanisms and regulations, particularly decrees and circulars, for the domestic implementation of international commitments under various free trade agreements (FTAs).
The ministry also emphasized the need to create stronger linkages enabling domestic enterprises to participate more effectively in the supply chains of foreign-invested enterprises (FDIs) and global corporations. This, it noted, will contribute to the development of Việt Nam’s industrial base and the expansion of export markets.
Additionally, MoIT highlighted the importance of improving access to market information, providing timely updates on global demand trends, regulatory changes in partner countries, and offering policy consultancy to businesses, associations, and industries engaged in foreign trade.
