Want to be in the loop?
subscribe to
our notification
Business News
VIỆT NAM’S EXPORT TURNOVER PREDICTED TO HIT $900 BILLION IN 2025
Việt Nam’s total import-export turnover in 2025 is expected to reach a new milestone of around US$900 billion, according to the Ministry of Industry and Trade (MoIT).
Garments remain one of the key contributors to export growth. — VNA/VNS Photo
HÀ NỘI — Việt Nam’s total import-export turnover in 2025 is expected to reach a new milestone of around US$900 billion, heard a regular press conference held by the Ministry of Industry and Trade (MoIT) on Wednesday.
The foreign trade remained a bright spot of the economy in the first nine months of 2025, with total turnover reaching $680.6 billion, up 17.3 per cent year-on-year.
Bùi Huy Sơn, general director of the MoIT’s Department of Planning, Finance and Enterprise Management, reported that the exports in the third quarter rose by 18.4 per cent year-on-year and 9.6 per cent from the second quarter of the year, reaching $128.57 billion.
The export turnover totaled $348.74 billion in the first nine months, up 16 per cent over the same period last year, far exceeding the 12 per cent growth target set for the whole year.
In the January – September period, 32 export items each earned over $1 billion, accounting for 93.1 per cent of total export turnover. Notably, the value of seven items surpassed $10 billion, making up 67.9 per cent. The US, China, the EU, ASEAN and Japan remained major importers of Vietnamese goods.
The processed industrial sector made the biggest contribution to Việt Nam’s export growth in the period, with export earnings reaching $297.2 billion, up 16.7 per cent year-on-year and accounting for 85.2 per cent of total exports.
In addition, agricultural export value was estimated at $33.2 billion, up 15.2 per cent and accounting for 9.5 per cent of the country’s total export value.
Meanwhile, the country spent nearly $332 billion on imports in the first three quarters, up 18.8 per cent year-on-year. The domestic sector accounted for $105.7 billion (up 4.6 per cent), while the foreign-invested sector contributed $226.3 billion (up 26.8 per cent).
China remained the largest supplier with $134.4 billion, up 27.9 per cent. It was followed by the Republic of Korea with $44.4 billion, up 7 per cent; ASEAN ($39.1 billion, up 14.5 per cent), Japan ($18.2 billion, up 13.2 per cent), and the US ($13.7 billion, up 23.6 per cent).
According to the MoIT, Việt Nam enjoyed a goods trade surplus of $16.8 billion in the first nine months, making an important contribution to macroeconomic stability and foreign exchange reserves. — VNA/VNS
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HR / LABOUR/ EMPLOYMENT
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HR / LABOUR/ EMPLOYMENT
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
BANKING / FINANCE / INSURANCE / TAX
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
GARMENT / TEXTILE
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
VIETNAM ECONOMY INVESTMENT
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.
Events Sponsors
