Le Thai Hoa, Trade Counsellor at the Vietnamese Embassy in Israel, said on July 7 that bilateral trade reached US$1.565 billion in the first five months of this year, marking a 44.64% surge compared to the same period in 2024. Vietnam’s exports to Israel were valued at US$354 million, maintaining the same level as the previous year.

Preliminary data shows that bilateral trade hit US$1.825 billion in the first six months of 2025, up 31.2% year-on-year. Exports from Vietnam rose to US$425 million during the period.

If current momentum continues and no significant market disruptions occur, trade between the two countries is projected to approximate US$3.7 billion for the full year – an increase of 13.95% over 2024. Vietnam’s exports are expected to approach US$900 million, up 13.21%.

Hoa described these trade figures, given Israel's population of nearly 10 million and latent risks of instability, as relatively impressive.

He explained that the conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs.

Israeli firms explore business opportunities in Vietnam

Some 35 Israeli companies explored business and investment opportunities in Vietnam during a seminar co-held by the Vietnamese Trade Office and Israel-based accounting and consulting firm BDO in Tel Aviv on November 5.