Vietnam’s trade turnover expected to reach $900B in 2025

By VNA October 9, 2025 | 12:06 am PT

A container ship is seen at Tan Cang Cai Mep Terminal in the southern province of Ba Ria-Vung Tau. Photo by VnExpress/Dang Khoa

Vietnam’s import-export turnover is expected to hit the US$900 billion milestone this year, according to the Ministry of Industry and Trade.

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% year-on-year, the ministry said at a regular press conference in Hanoi on Wednesday.

Bui Huy Son, General Director of the MoIT’s Department of Planning, Finance and Enterprise Management, reported that in the third quarter, exports rose by 18.4% from a year ago and 9.6% from the second quarter, reaching $128.57 billion.

Over the first nine months, exports totaled $348.74 billion, up 16% over the same period last year and far exceeding the 12% target set for the whole year.

Exports of 32 items topped $1 billion each during the period, accounting for 93.1% of total exports, including seven items exceeding $10 billion. The U.S., China, the EU, ASEAN, and Japan remained the key export markets.

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

Agricultural exports were estimated at $33.2 billion, up 15.2% and representing 9.5% of total exports.

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

China remained the largest supplier at $134.4 billion, a 27.9% increase, followed by South Korea ($44.4 billion, up 7%), ASEAN ($39.1 billion, up 14.5%), Japan ($18.2 billion, up 13.2%) and the U.S. ($13.7 billion, up 23.6%).

According to the ministry, Vietnam recorded a trade surplus of $16.8 billion in the first nine months, an important contribution to macroeconomic stability and foreign exchange reserves.