Revenue in February alone reached an estimated VND28.696 trillion, representing a 30.7% decline compared with January.

Total foreign trade turnover in February was valued at US$67.19 billion, down 23.8% month-on-month. Export value stood at US$33.09 billion, a decrease of 23.4%, while imports were estimated at US$34.1 billion, down 24.2%.

For the first two months of the year, trade value totalled US$155.73 billion, up 22.3% year-on-year, equivalent to an increase of US$28.36 billion. Exports rose 18.3% to US$76.39 billion while imports climbed 26.3% to US$79.34 billion.

Foreign-invested enterprises made up US$117.1 billion of the total trade turnover during the period, surging 35.9% from the same period in 2025.

At the same time, authorities reported that smuggling, trade fraud and illegal cross-border transport of goods remain complex. Recent cases mainly involve narcotics, firecrackers and frozen food products that fail to meet safety standards along northern border routes with China and central border areas with Laos.

Sea routes accounted for the largest share of violations, with 1,006 out of 1,787 detected cases, or 56.3% of the total, an increase of 479 cases, or 90.9%, compared with the same period last year. Land routes recorded an increase of 61.3%, or 200 cases, mostly along the Vietnam – China and Vietnam – Cambodia borders.

Violations on air routes also increased by 32 cases year-on-year, with the value of confiscated goods estimated at VND28.8 billion. Most cases were detected at major international airports including Noi Bai International Airport, Tan Son Nhat International Airport and Da Nang International Airport. Authorities also uncovered drug trafficking cases on transit flights via Qatar involving passengers arriving from Thailand or travelling from Vietnam to New Zealand and Australia.

The customs authority said it will intensify monitoring of revenue sources, tighten control over customs valuation, origin and tax policies, and strengthen risk analysis to prevent tax evasion and revenue losses.

It also plans to expand post-clearance inspections and enterprise audits, particularly in cases suspected of tax declaration irregularities, transfer pricing or misuse of preferential tariff policies. In addition, the agency will step up coordination with police, border guard and coast guard forces to crack down on smuggling and trade fraud, and strictly handle violations of customs and tax regulations.

State budget revenue rises over 13% in first two months

Vietnam’s state budget revenue in the first two months of 2026 was estimated at VND601.3 trillion (about US$24.4 billion), equivalent to 23.8% of the annual estimate and up 13.1% year on year, according to the Ministry of Finance.