Business

Vietnam’s trade in services surpasses 70 billion USD in 2025

For the whole of 2025, service export turnover was estimated at 30.31 billion USD, up 18.9% year on year.

Tan Cang – Cai Mep International Port in Ho Chi Minh City (Illustrative photo: VNA)
Tan Cang – Cai Mep International Port in Ho Chi Minh City (Illustrative photo: VNA)

Hanoi (VNA) – Vietnam’s total trade in services surpassed 70 billion USD last year, with exports reaching 30.3 billion USD and imports amounting to 40.5 billion USD, resulting in a deficit of more than 10 billion USD.

The figures were released in the socio-economic report for the fourth quarter and the full year of 2025 issued by the National Statistics Office under the Ministry of Finance.

According to the report, in the fourth quarter, service exports were estimated at 8.26 billion USD, representing a year-on-year increase of 17.3% and a quarter-on-quarter rise of 9%. Service imports were estimated at 10.55 billion USD, up 10.8% compared to the same period last year, but down 1.1% from the previous quarter.

For the whole of 2025, service export turnover was estimated at 30.31 billion USD, up 18.9% year on year. Of the total, tourism services accounted for the largest share, generating 15.22 billion USD, or 50.2% of total service exports, and posting a robust growth of 24.4%. Transport services reached 8.8 billion USD, making up 29% of the total and increasing by 23.6% year-on-year.

Meanwhile, service imports were estimated at 40.54 billion USD, up 14% year-on-year. Of this figure, transport and insurance fees related to imported goods amounted to 14.43 billion USD. Transport services represented the largest import category, at 17.1 billion USD, accounting for 42.1% of total service imports and rising by 19.9%. Tourism services followed, with an estimated value of 14.7 billion USD, or 36.4% of the total, up 15.6% year-on-year.

In recent years, Vietnam’s service trade has shown many positive signs. Service exports have expanded across key sectors such as tourism, transport and information technology, while imports of services related to transport, particularly freight and insurance costs for imported goods, have increased markedly to support production and business activities.

Although the service trade balance remains in deficit, the gap has narrowed compared to previous years, indicating a gradual improvement. In 2024, Vietnam’s service trade deficit was estimated at around 12.34 billion USD./.

VNA
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