Business

Vietnam’s export turnover predicted to hit 900 bln USD in 2025

The foreign trade remained a bright spot of the economy in the first nine months of 2025, with total turnover reaching 680.6 billion USD, up 17.3% year-on-year.

Quang Ninh province's customs officers inspect export goods at Bac Luan international border gate. (Photo: VNA)
Quang Ninh province's customs officers inspect export goods at Bac Luan international border gate. (Photo: VNA)

Hanoi (VNA) - Vietnam’s total import-export turnover in 2025 is expected to reach a new milestone of around 900 billion USD, heard a regular press conference held by the Ministry of Industry and Trade (MoIT) in Hanoi on October 8.

The foreign trade remained a bright spot of the economy in the first nine months of 2025, with total turnover reaching 680.6 billion USD, up 17.3% year-on-year.

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Bui Huy Son, General Director of the MoIT’s Department of Planning, Finance and Enterprise Management, speaks at the press conference in Hanoi on October 8, 2025. (Photo: VNA)

Bui Huy Son, 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% year-on-year and 9.6% from the second quarter of the year, reaching 128.57 billion USD.

The export turnover totaled 348.74 billion USD in the first nine months, up 16% over the same period last year, far exceeding the 12% growth target set for the whole year.

In the January – September period, 32 export items each earned over 1 billion USD, accounting for 93.1% of total export turnover. Notably, the value of seven items surpassed 10 billion USD, making up 67.9%. The US, China, the EU, ASEAN, and Japan remained major importers of Vietnamese goods.

The processed industrial sector made the biggest contribution to Vietnam’s export growth in the period, with export earnings reaching 297.2 billion USD, up 16.7% year-on-year and accounting for 85.2% of total exports.

In addition, agricultural export value was estimated at 33.2 billion USD, up 15.2% and accounting for 9.5% of the country’s total export value.

Meanwhile, the country spent nearly 332 billion USD on imports in the first three quarters, up 18.8% year-on-year. The domestic sector accounted for 105.67 billion USD (up 4.6%), while the foreign-invested sector contributed 226.25 billion USD (up 26.8%).

China remained the largest supplier with 134.4 billion USD, up 27.9%. It was followed by the Republic of Korea with 44.4 billion USD, up 7%; ASEAN (39.1 billion USD, up 14.5%), Japan (18.2 billion USD, up 13.2%), and the US (13.7 billion USD, up 23.6%).

According to the MoIT, Vietnam enjoyed a goods trade surplus of 16.8 billion USD in the first nine months, making an important contribution to macroeconomic stability and foreign exchange reserves./.

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