Unbelievable Economic Milestones Achieved by Vietnam

According to statistics from the General Department of Customs, as of November 15, the total import-export turnover of the country reached over $801 billion. Exports amounted to $410.28 billion, while imports reached $390.74 billion, resulting in a trade surplus of $19.54 billion. This represents a 17.2% increase, or $119.54 billion, compared to the same period in 2024.

Notably, this figure has surpassed the entire 2024 result of $786.29 billion, marking the highest level ever recorded in Vietnam’s import-export history.

The General Department of Customs attributes Vietnam’s export growth to three main drivers. First, the manufacturing and processing industry continues to lead, particularly in electronics, telephones, machinery, and components. This sector remains the largest contributor to the export structure, benefiting significantly from the global supply chain shift to Vietnam.

Additionally, domestic enterprises have effectively leveraged existing free trade agreements (FTAs), especially with major markets like Europe, Japan, South Korea, and ASEAN. This has helped Vietnamese products maintain market share despite intensifying global competition.

Alongside exports, the demand for imported raw materials to support production has also increased, reflecting the expansion of domestic production scale and capacity. This is seen as a positive sign, further boosting export activities in the final months of the year.

Customs authorities view the rise in imports of production materials as a very positive signal for future export prospects. This trend indicates that domestic enterprises have entered a new investment cycle, preparing raw materials and machinery for upcoming production.

Notably, many exporters have already initiated production plans for 2026 orders, despite being in the fourth quarter of 2025. This early preparation is crucial for sustaining export growth and enhancing order fulfillment capacity amid signs of global demand recovery.

Based on the current growth momentum, if Vietnam’s monthly import-export turnover remains around $80 billion in the last two months, the total trade value for the year could exceed $920 billion.

Even if orders slightly decrease, Vietnam’s import-export turnover is still projected to reach a high level, around $915–917 billion. With this outcome, the country’s trade balance is likely to maintain a surplus for the 10th consecutive year.

Previously, at the Government’s online conference with localities in early October, Minister of Industry and Trade Nguyen Hong Dien predicted that, barring significant fluctuations, Vietnam’s total import-export turnover this year could set a new record, surpassing $900 billion. The trade balance is expected to remain in surplus, with an estimated figure of over $20 billion.