Vietnam’s 10-Month Export Surpasses $390 Billion
Vietnam’s total import-export turnover for the first 10 months of the year reached an impressive $762 billion, marking a 17% increase compared to the same period last year. Specifically, export turnover hit $391 billion, a 16.2% rise year-on-year (compared to a 15.2% increase in the same period of 2024). Domestic economic sectors contributed over $94 billion, accounting for 24.1% of total exports, while foreign-invested enterprises (including crude oil) reached $296.8 billion, a 22.5% increase, representing a significant 75.9% share.
During this period, 36 Vietnamese products achieved export values exceeding $1 billion, contributing 94.1% to the total turnover. Notably, seven products surpassed the $10 billion mark, accounting for 67.9%. Processed industrial goods led with $346.7 billion (88.7%), followed by agricultural and forestry products at $32.6 billion (8.3%), seafood at $9.3 billion (2.4%), and fuel and minerals at $2.3 billion (0.6%).
The United States remained Vietnam’s largest export market with $126.2 billion, while China was the top import source at $150.9 billion. Vietnam recorded a $111 billion trade surplus with the U.S. (up 28.2%), $32.2 billion with the EU (up 11.2%), and $1.6 billion with Japan (down 29.8%). Conversely, Vietnam faced a $93.9 billion trade deficit with China (up 38.6%), $25.6 billion with South Korea (up 1.6%), and $11.6 billion with ASEAN (up 55.9%).
Amid global trade volatility, the Vietnamese government has directed the Ministry of Industry and Trade to implement market diversification strategies. Resolution 86 outlines key tasks for the final months of the year, including finalizing free trade agreements with Mercosur and the Gulf Cooperation Council by Q4.
EuroCham Chairman: Vietnam Poised to Join the Top 15 Global Economies
Vietnam stands at a unique crossroads, poised for unprecedented growth. With an extensive network of Free Trade Agreements (FTAs), a rapidly expanding manufacturing capacity, and an economy renowned for its resilience, the country is primed to surge ahead. As the Chairman of EuroCham observes, these factors collectively position Vietnam as a formidable player in the global arena, ready to capitalize on its strengths and chart a course toward remarkable advancement.
North Ninh Continually Leads Vietnam in Exports
Since August, Bac Ninh province has led the nation in import-export activities. With a remarkable budget revenue of over 62 trillion VND in the first 10 months, surpassing the annual plan by 110%, these figures underscore its impressive economic growth.
American Loyalists Spend Over $13 Billion on Vietnam’s Top Export, as 66 Countries Compete to Secure It
Vietnam ranks second globally in this product category, with the United States consistently being its top customer for many consecutive years.
Viconship Reports 456 Billion VND Profit in First 9 Months, Up Nearly 50% Year-on-Year
According to the latest announcement, Vietnam Container Corporation (Viconship, stock code VSC) has recorded consolidated revenue of VND 844 billion, with pre-tax profit reaching VND 144 billion, marking a 19% and 39% increase, respectively, compared to the same period last year.
HSBC Revises Vietnam’s 2025 GDP Growth Forecast to 7.9%
HSBC’s Global Investment Research team has released its latest report, “Vietnam at a Glance – Striding Forward,” forecasting continued economic growth driven by domestic resilience. HSBC has revised its growth projections upward, predicting a 7.9% expansion for Vietnam in 2025 (previously 6.6%) and 6.7% in 2026 (previously 5.8%).
