Hanoi (VNA)🎐 – Vietnam’s export earnings grew by 14.8% to 262.44 billion USD in the first seven months of this year, while its import turnover rose by 17.9% to 252.26 billion USD, resulting in a trade surplus of 10.18 billion USD, the National Statistics Office (NSO) reported on August 6.
The country's total import-export turnover reached 514.7 billion USD in the period, marking an increase of 16.3% year-on-year.
The domestic economic sector posted a growth rate of 6.7%% to 67.48 billion USD in exports, while the foreign-invested sector, including crude oil, increased by 17.9% to 194.96 billion USD.
The exports of processed industrial goods stood at 232.37 billion USD, accounting for 88.6% of the total export turnover. Agricultural and forestry products reached 22.4 billion USD, accounting for 8.5%; aquatic products 6.08 billion USD or 2.3%; and fuel and mineral products 1.59 billion USD, making up 0.6%.
Meanwhile, the imports of production materials were estimated at 236.57 billion USD, making up 93.8% of the total import turnover. Consumer goods hit 15.69 billion USD, accounting for 6.2%.
Workers at Viet Truong Company Limited - a seafood processing and exporting enterprise in the port city of Hai Phong. (Photo: VNA)
Vietnam ran a trade surplus of 22.3 billion USD with the EU in the first seven months, marking a 9.9% increase year-on-year, while the surplus with Japan rose 21% to 1.3 billion USD.
China remained Vietnam’s largest import market in the preriod, with turnover reaching 101.5 billion USD. Vietnam recorded a trade deficit of 66.5 billion USD with the neighbouirng country, up 41.1% year-on-year.
The trade deficit with the Republic of Korea stood at 17.4 billion USD, slightly down 0.2%, while the deficit with ASEAN rose sharply by 63% to 8.5 billion USD./.
On July 6, Prime Minister Pham Minh Chinh issued a dispatch pushing for a 20% state budget revenue increase over 2025 projections, urging the Finance Ministry to tighten tax enforcement and tap e-commerce, food services and emerging economic areas for revenue growth.
This grassroots synergy — powered by digital platforms, complementary industries and cultural affinity — has fueled a robust partnership between the two countries. China has remained Vietnam's largest trading partner for over two decades, while Vietnam is China's top trading partner within ASEAN. Bilateral trade exceeded 260 billion USD in 2024.
Vietnam International Sourcing 2025 is hoped to attract buyers from emerging regions such as the Middle East, Latin America, and Eastern Europe, offering opportunities for Vietnam to tap into 17 free trade agreements, reach new markets, and expand export strategies.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
