VIETNAM’S TRADE SET TO SURPASS US$900 BILLION FOR FIRST TIME

Employees process wood at a facility - PHOTO: ARCHIVES

HCMC – Vietnam’s total import-export turnover is expected to reach about US$920 billion by the end of the year, marking the first time the country’s trade value has exceeded the US$900-billion mark.

As of December 15, Vietnam’s total trade turnover stood at US$883.7 billion, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. Export growth in 2025 has been particularly strong, with export value forecast to exceed US$470 billion, up 16% from 2024, the Vietnam News Agency reported.

Speaking at a ceremony on December 19 to announce Vietnam’s 2025 trade results and honor top-performing exporters, representatives of the agency said Vietnam has recorded a trade surplus for 10 consecutive years since 2016. The trade surplus for 2025 is estimated at around US$21 billion.

Vietnam’s import-export sector has expanded rapidly over the past decade. Total trade soared from US$100 billion in 2009 to US$200 billion in 2011, US$300 billion in 2015, US$500 billion in 2017, and is now set to exceed US$900 billion.

The number of export items generating over US$1 billion in revenue increased to 36 in 2025, up from 10 in 2007. Meanwhile, the number of export markets with annual turnover exceeding US$1 billion rose from 27 in 2013 to 35 in 2024.

Source: The Saigon Times