Vietnam’s merchandise export turnover reached an estimated US$261.8 billion in the first seven months of 2025 – Illustrative image
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According to the Ministry of Industry and Trade, Vietnam’s merchandise export turnover reached an estimated US$261.8 billion in the first seven months of 2025, up 14.6% compared to the same period last year, surpassing the set export growth target. Accordingly, the average monthly export turnover reached US$37.4 billion, with May and June both achieving over US$39.5 billion. July alone is expected to reach the highest level of over US$41.6 billion.
On the other hand, the import turnover of goods in the first seven months was estimated at US$252.1 billion, up 17.9% over the same period in 2024. Due to the recovery of production and export activities, enterprises have promoted the import of raw materials for production to serve export orders.
The trade balance in the first seven months is estimated to have a surplus of US$9.7 billion. This figure is lower than the US$12.6 billion surplus recorded in the same period last year. However, a moderate surplus can improve foreign exchange reserves, stabilize monetary policies, and contribute to sustainable import and export development in the medium and long term.
In the past time, the Import-Export Department (Ministry of Industry and Trade) has coordinated with relevant units to report to the Government to issue Decree No. 146 dated June 12, 2025, stipulating the decentralization of powers and duties in the field of industry and trade. The Department has also submitted to the Minister for signing and issuing Circular No. 38 dated June 19, 2025, amending and supplementing a number of regulations on decentralization of administrative procedures in the field under the management of the Ministry of Industry and Trade, and Circular No. 40 dated June 22, 2025, stipulating the issuance of certificates of origin and approval of self-certification of origin.
In addition, the Department has considered simplifying the dossier or time of implementation of 44 administrative procedures out of a total of 85 administrative procedures of the Department. Accordingly, the compliance cost of these 44 administrative procedures is estimated to decrease from VND 1,306 billion to VND 882 billion, equivalent to 32.5%. Especially, the decentralization of the issuance of certificates of origin (C/O) to localities is being implemented by the Import-Export Department in coordination with relevant agencies and units to organize training on rules of origin and self-certification of origin for exporting enterprises and officers of the provincial Departments of Industry and Trade.
According to Mr. Nguyen Anh Son, Director of the Import-Export Department, in the context of deep integration, enterprises need to master trade policies, proactively update technical barriers from import markets, improve product quality, invest in technology, and apply digital transformation to meet international standards.
From the perspective of the authorities, Minister of Industry and Trade Nguyen Hong Dien requested that units under the Ministry continue to promote and improve the quality of counseling, perfecting mechanisms and policies, especially decrees and circulars to internalize international commitments according to FTAs to which Vietnam is a member.
Along with that, it is necessary to well connect and support domestic enterprises to participate in the supply chain of foreign-invested enterprises (FDI) and global large enterprises, creating a market for the development of the processing and manufacturing industry. Promoting market information, proactively providing information on market demand (especially new and potential markets), regulations, and new policies of the host country and providing policy advice to businesses, associations, and import and export industries.
– 15:05 08/04/2025
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