According to the Ministry of Industry and Trade, Vietnam’s import-export turnover has surpassed $900 billion for the first time, propelling the nation into the top 15 countries with the largest trade volumes globally.
Specifically, as of December 15, the country’s total import-export turnover reached $883.7 billion. Projections indicate that by the end of 2025, this figure could climb to $920 billion. This new milestone will position Vietnam among the world’s top 15 trade powerhouses, ranking second in ASEAN.
Exports are estimated to exceed $470 billion, marking a 16% increase compared to 2024. Vietnam has maintained a consistent trade surplus for 10 consecutive years since 2016.
Additionally, in 2025, e-commerce continued its accelerated and sustainable growth, surpassing $31 billion, accounting for 10% of total retail sales and two-thirds of the digital economy. Vietnam remains among the top 10 countries with the fastest e-commerce growth globally and ranks third in ASEAN in terms of scale.
Vietnam’s 2025 import-export turnover is projected to hit a record $920 billion. (Illustrative image)
Deputy Minister of Industry and Trade Phan Thị Thắng highlighted that Vietnam’s import-export activities have grown steadily over the years. From a $100 billion milestone in 2009, the total turnover has increased ninefold in 16 years. The number of export products valued at over $1 billion has also risen rapidly, from 10 in 2007 to 36 today.
Export markets have continued to expand, with the number of markets exceeding $1 billion in trade increasing from 27 in 2013 to 35 by the end of last year.
Alongside trade, manufacturing activities rebounded strongly in the past year. The Industrial Production Index (IIP) is estimated at 9.5%, outpacing the 8.2% growth rate of 2024. Vietnam signed four new Free Trade Agreements (FTAs), bringing the total to 17 agreements with 65 countries and territories.
The domestic market grew by 9-10%, with the e-commerce market scale surpassing $30 billion for the first time. Vietnam maintained its 32nd global ranking in national brand value.
Addressing the 2025 year-end review conference, Prime Minister Phạm Minh Chính directed the industry and trade sector to achieve over 10% growth, revitalize traditional growth drivers (exports and consumption), and foster new growth momentum.
He also emphasized the need for proactive anti-corruption efforts, drawing lessons from 12 previously loss-making projects to enhance governance.
Regarding electricity supply and pricing, the Prime Minister called for balanced interests, shared risks, and issue resolution within authorized frameworks.
The Ministry must also combat counterfeit drugs and food products, enhance staff capacity, streamline administrative procedures, and strengthen state management.
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