According to the latest data from the General Statistics Office (Ministry of Finance) and the Customs Agency, in July, the total import and export turnover of goods reached US$82.27 billion, up 8.0% month-on-month and 16.8% year-on-year. For the first seven months of 2025, the total import and export turnover of goods reached US$514.7 billion, up 16.3% over the same period last year, of which exports increased by 14.8% and imports by 17.9%. The trade balance of goods surplus was US$10.18 billion.
In terms of exports, the report states that the export turnover of goods in July reached US$42.27 billion, up 6.9% compared to the previous month. Among them, the domestic economic sector reached US$8.95 billion, up 3.5%; foreign-invested sector (including crude oil) reached US$33.32 billion, up 7.9%. Compared to the same period last year, the export turnover of goods in July increased by 16.0%, in which the domestic economic sector decreased by 10.3%, and the foreign-invested sector (including crude oil) increased by 25.9%.
In the first seven months of 2025, export turnover of goods reached US$262.44 billion, up 14.8% over the same period last year. Of which, the domestic economic sector reached US$67.48 billion, up 6.7%, accounting for 25.7% of total export turnover; the foreign-invested sector (including crude oil) reached US$194.96 billion, up 17.9%, accounting for 74.3%.
In the first seven months of 2025, 28 items had an export turnover of over US$1 billion, accounting for 91.7% of the total export turnover (including 9 items with an export turnover of over US$5 billion, accounting for 72.3%).
Regarding the import and export market of goods in the first seven months of 2025, the report states that the United States is Vietnam’s largest export market with a turnover of US$85.1 billion. In the first seven months of 2025, the trade surplus with the United States reached US$74.6 billion, up 28.6% over the same period last year.
In July 2025 alone, Vietnam exported over US$14.2 billion worth of goods to the United States. Among them, there were four groups of goods with export turnover to the United States of over US$1 billion. Specifically, computers, electronic products, and components recorded the highest export turnover, reaching US$3.7 billion. Coming in second was the group of machinery, equipment, tools, and other spare parts, with an export turnover of nearly US$2 billion in July. This was followed by textiles and garments, and telephones of all kinds, with export turnovers of US$1.8 billion and US$1.1 billion, respectively.
Top 10 commodities exported by Vietnam to the US in July 2025. Source: Vietnam Customs
For the first seven months of 2025, the United States continued to be Vietnam’s largest export market, with high turnover in many key commodity groups. Specifically, computers, electronic products, and components were the leading export group of Vietnam to the United States, reaching over US$22.2 billion. With a turnover of over US$13 billion in the first seven months of 2025, machinery, equipment, tools, and other spare parts were the second-largest export group of Vietnam to the United States. Textiles and garments ranked third with US$10.29 billion.
In addition, other groups such as products from plastics (US$2.13 billion), handbags, wallets, suitcases, hats, umbrellas, and fishing gear (US$1.13 billion), and seafood (US$1.05 billion) also maintained important contributions.
The 20% tariff rate for Vietnam will officially take effect on August 7
In the early morning of August 1, 2025 (Vietnam time), the White House published a Presidential Proclamation on the adjustment of retaliatory tax rates, whereby the United States decided to adjust the retaliatory tax rates for 69 countries and territories listed in Appendix I. According to this Appendix, the retaliatory tax rate for Vietnam is reduced from 46% to 20%.
According to the proclamation published by the US government, the 20% tax rate for Vietnam will officially take effect on August 7, along with the imposition of taxes on other countries. However, the old tax rate under Proclamation 14257 will still apply to goods that have been loaded onto the ship, are in transit, and are cleared before 12:01 am on October 5, 2025.
In its press release, the Ministry of Industry and Trade affirmed that in the coming time, the two sides will continue to discuss and implement the next steps, aiming to complete the trade agreement on a reciprocal basis, in an open, constructive, equal, and respectful manner, taking into account each other’s independence, sovereignty, political system, and development level.
Along with this, the two sides will also strive to promote stable economic, trade, and investment relations, harmonizing interests and commensurate with the Vietnam-US Comprehensive Strategic Partnership.
On the Eve of the US’ 20% Retaliatory Tariffs: How Much Has Vietnam Exported to the World’s Largest Economy?
The U.S. government has announced a new decree that will see a 20% tariff imposed on goods from Vietnam, coming into force on August 7th.
The New Breeze in the B-Segment Sedans
In the highly competitive B-segment sedan market, three names consistently dominate: Toyota Vios, Hyundai Accent, and Honda City. These automotive powerhouses consistently outperform their rivals, boasting impressive sales figures that leave the competition in the dust.
The Digital Asset Exchange is Almost Here.
The early launch of the crypto asset exchange for beta testing is a significant step forward, offering legal trading opportunities for citizens.
“The Government Directs the State Bank to Proactively Adjust Credit Growth Targets for 2025 in Line with Inflation, Aiming for an Economic Growth of 8.3 – 8.5%”
The government has just issued Resolution No. 226/NQ-CP dated August 5, 2025, outlining ambitious growth targets for various sectors, domains, and localities across the nation. This comprehensive resolution sets forth critical tasks and solutions to ensure that Vietnam achieves an impressive overall growth rate of 8.3 – 8.5% for the year 2025.
AIG’s Strategic Investment in GC Food: Unlocking Vietnam’s Agricultural Export Potential
In August 2025, Asia Ingredients Group (AIG) proudly announced its strategic partnership with GC Food Joint Stock Company (GC Food). This significant development underscores AIG’s robust growth and reinforces its commitment to propelling Vietnamese agricultural exports onto the global stage.
