Business News

Vietnam imported 16,343 automobiles in October, down 5.5% from September, but total imports in the first 10 months climbed to 171,364 units, up around 20% year-on-year, data from the General Department of Vietnam Customs showed. The import value of automobiles reached nearly US$4 billion in the January-October period, the highest level in three years.

October’s developments offered a clearer and gradually improving economic picture of Vietnam as the year moved into its final quarter. Growth forecasts for 2025 were revised upward by major international banks, supported by a continued improvement in manufacturing conditions where the PMI rose to 54.5. FDI attraction and disbursement remained strong and industrial facilities maintained high occupancy, while trade flows continued to widen the surplus.

The National Assembly has approved the 2026 socio-economic development plan, setting an economic growth target of at least 10%. The resolution, passed on November 13 with more than 90% of lawmakers in favor, also aims for per capita GDP of US$5,400-5,500 and an inflation rate of around 4.5%, according to the National Assembly’s website (quochoi.vn). These targets are higher than the projected outcomes for 2025.

Vietnam has captured the second-largest share of China’s imported fruit market, accounting for 20% of purchases worth over US$4 billion in the first nine months of 2025, with durian and bananas driving strong growth. China spent a total of US$20.3 billion on fruit imports during this period. Thailand led with US$6.7 billion in exports, up 10% year-on-year and holding a 33% market share. 

During the same period, the country’s total import–export value reached more than US$762 billion, up 17.4% from a year earlier. Exports amounted to nearly US$391 billion, an increase of 16.2%, while imports grew 18.6% to US$371.4 billion, resulting in a trade surplus of over US$19.5 billion. In October alone, Vietnam’s total trade stood at US$81.49 billion, down a slight 1.2% from September, but the nation still posted a monthly trade surplus of US$2.6 billion, the Vietnam News Agency reported.

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According to the Statistics Office under the Ministry of Finance, in the first ten months of 2025, Vietnam continued to attract strong inflows of FDI, with total registered capital reaching $31.52 billion, an increase of 15.6 per cent on-year. Of this, 3,321 new projects were licensed with $14.07 billion in newly registered capital, marking a 21.1 per cent increase in project count but a 7.6 per cent decrease in registered capital on-year.

According to Vũ Đức Giang, chairman of the Việt Nam Textile and Apparel Association (VITAS), the industry’s export turnover reached US$34.75 billion in the first nine months of 2025, an increase of 7.7 per cent year-on-year. This marks a robust comeback and highlights the resilience of Việt Nam’s textile exports in the global market.