Strong growth across key export sectors

According to the Ministry of Industry and Trade (MoIT), export turnover alone is projected to reach US$215–217 billion, up approximately 13.8–14%. This results in an estimated trade surplus of US$3.4–4 billion. Compared to the export growth scenario set out in Government Resolution No. 25 dated February 5, 2025, this performance has broadly met expectations and, in some areas, exceeded them.

Several export categories posted high growth rates, notably industrial goods such as electronics, textiles, and footwear, along with agricultural products.

Notably, proactive market adaptation helped the textile and garment sector maintain positive momentum. In May 2025, textile exports reached US$3.84 billion, a 6% year-on-year increase and the highest monthly export value ever recorded for May, surpassing the surge seen in May 2022 amid post-pandemic overordering. Vietnamese textile products are now present in 132 markets, with the US remaining the largest importer, accounting for US$6.97 billion, up 17%.

According to the Ministry of Agriculture and Environment, agricultural exports in the first six months of 2025 are estimated at US$18.3 billion, up 16.8% year-on-year. Coffee stood out, with exports hitting US$5.5 billion, more than double the US$2.7 billion recorded in the same period last year and surpassing the full-year total of US$5.4 billion in 2024. This is the first time Vietnam’s coffee industry has achieved such figures within the first half of a year.

Overall, strong performances across multiple sectors have contributed to the country’s robust export results in the first half of the year. These outcomes also underscore how Vietnamese enterprises are capitalising on free trade agreements to expand market access, boost competitiveness, improve product quality, and enhance supply chain sustainability.

Preparing adaptive scenarios for global market fluctuations

The MoIT noted that trade indicators continue to reflect a positive recovery trend, closely aligning with the country’s growth scenarios. However, external risks persist, including trade policies of major economies, global price volatility, and geopolitical tensions.

Vietnam has set a 2025 export growth target of 12%, equivalent to about US$450 billion in export turnover. The target remains within reach if the current growth pace is sustained in the second half of the year.

Mai Thu Hien, Deputy Director of the MoIT’s Department of Planning and Finance, said the ministry will continue focusing on timely market information dissemination to industry associations, enabling businesses to adapt production plans and seek new orders. It will also provide regular updates on global market developments, foreign regulations, standards, and conditions that may impact Vietnam’s trade, along with relevant recommendations for local authorities, associations, and exporters.

The ministry will take the initiative in designing timely policies and response measures. MoIT departments are working together to develop forecast models, conduct market analysis, and prepare responsive strategies in case of rising global trade tensions. Concurrently, efforts to diversify export markets will be ramped up, targeting both new and traditional destinations.

The MoIT will also continue to maximise the benefits of existing trade agreements. It will collaborate with organisations that issue certificates of origin, issue warnings on high-risk goods vulnerable to origin fraud, and dispatch inspection teams when necessary.

Trade promotion activities will be intensified with a focus on professionalism and adaptability to evolving global conditions.

Trade turnover reaches nearly US$95 billion by mid-February

VOV.VN - Vietnam’s total import-export value had reached nearly US$95 billion by mid-February, up 11.5% year on year, according to preliminary data from the General Department of Vietnam Customs.