The expert said Vietnam’s achievement is impressive, but it also underscores a broader truth: growth at these levels is possible in Southeast Asia when countries align structural advantages with global trends.
Statistics for the first 11 months of 2025 show that Vietnam’s exports to the United Arab Emirates reached 5.4 billion USD and Saudi Arabia 1.9 billion USD.
Prime Minister Pham Minh Chinh stressed that to make a substantive contribution to national development, the industry and trade sector must also achieve double-digit growth, generate new jobs, strengthen traditional growth drivers such as export and consumption, and accelerate emerging engines of growth, including the green, digital, circular, knowledge-based and sharing economies.
Average export growth during January-November hit 28%, with shipments to the US rising over 30%. Much of this impressive expansion stemmed from front-loading of major orders in the second quarter ahead of tariff imposition.
Businesses must develop market plans, forecast orders, and prepare response scenarios meticulously, in order to maintain growth momentum in 2026 amidst many fluctuations, according to Deputy Director of the Ministry of Industry and Trade’s Agency of Foreign Trade Tran Thanh Hai.
Vietnam’s main exports to Algeria include coffee, cashew nuts, pepper, seafood, chemicals, footwear, textiles, and steel, while Algeria ships computers, electronic components, carob powder, chicken feet, and animal feed to Vietnam. Algeria is also seeking Vietnamese partners for dates and olive oil imports.
Among the seven countries surveyed by S&P Global in July, Vietnam led with a PMI of 52.4, well above the ASEAN average of 50.1. New export orders rose for the fourth straight month, reaching their fastest growth rate since November 2024.
Despite ongoing challenges such as slow global demand recovery and geopolitical tensions in some regions, many enterprises have still maintained stable production, gradually improved their operations, and tapped into niche markets to seek new growth opportunities.
Vietnam's GDP per capita was 4,535 USD in 2024. The Government aims to achieve over 7,500 USD in GDP per capita by 2030 and become a high-income country by 2045.
The business community should strengthen resilience and diversify supply chains to reduce dependence on a single market for raw materials and intermediate goods, heard a hybrid conference held on April 28.
Exporters were advised to make full use of FTAs, tap into niche markets, and seize new opportunities to overcome challenges in an increasingly unpredictable global trade landscape.
India’s news site fibre2fashion.com has highlighted Vietnam’s economic development with positive signs.
While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025, according to the latest report from VinaCapital.
From being a minor exporter prior to 2013, Vietnam rose to number eleven in the global rankings of top exporters by 2023, emerging as a surprise player in global trade.
The Vietnam Report JSC on November 29 announced the list of top 10 reputable logistics companies for 2024.
Vietnam’s economy continued to receive positive assessments in August, including those from the World Bank (WB) that upgraded its growth forecast for this year to 6.1% from 5.5%.
In the first half of this year, Vietnam's exports to the Republic of Korea (RoK) reached some 12 billion USD, an increase of nearly 11% compared to the same period last year. Notably, Vietnamese farming produce is increasingly favored by Koreans.
Vietnam’s goods export turnover was estimated at 190.08 billion USD in the first half of 2024, a year on year rise of 14.5% and pushing up the country's trade surplus to 11.63 billion USD.
Vietnam’s exports expanded about 13.8% year-on-year in the first half of this year, and imports rose 18.4%, the Ministry of Industry and Trade (MoIT)’s Planning and Finance Department said at a press conference in Hanoi on June 19.
Trade between Vietnam and Singapore topped 1.87 billion USD in March, rising nearly 4.3% year on year, according to the Trade Office of Vietnam in the city state.