Vietnam posted a trade surplus of 225 million USD in the first 11 months of this year, ending the continual trade deficit that had lasted for nearly half a year due to the COVID-19 pandemic.
Vietnam posts a trade surplus of 225 million USD in the first 11 months of this year. (Photo: VNA0
Hanoi (VNA) - Vietnam posted a tradesurplus of 225 million USD in the first 11 months of this year, ending the continual tradedeficit that had lasted for nearly half a year due to the COVID-19 pandemic.
During the period, exports went up 17.5 percentyear on year to 299.7 billion USD, according to the Ministry of Industry andTrade.
A representative from the ministry said exports are seeingadvantages thanks to free trade agreements and rising shopping demand at theend of the year.
The US remained Vietnam’s biggest export market with aturnover of nearly 85 billion USD, accounting for 28.3 percent of the total,followed by China with some 50.5 billion USD.
Manufacturing and processing accounted for 86 percentof export value, with the resumption of southern companies after three monthsof suspension boosting industry recovery.
Iron and steel exports exceeded 10 billion USD for thefirst time to reach 10.8 billion USD, up nearly 130 percent year-on-year.
Agriculture and forestry saw exports rising 11.4 percentyear-on-year to nearly 25.2 billion USD.
In November, Vietnam’s exports reached around 30billion USD, a year-on-year rise of 18.5 percent. The country gained a tradesurplus of 100 million USD in the month.
Meanwhile, total imports rose 27.5 percent to over 299.4billion USD in the first 11 months.
China was the biggest buyer with more than 98.5billion USD, up 32 percent against the same period last year and accounting fornearly 33 percent of the total. It was followed by the Republic of Korea (RoK)with nearly 50.3 billion USD, up 20.3 percent./.
The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).
After months of contraction due to the COVID-19 pandemic’s impacts, production and export activities are recovering strongly, the Dau tu (Vietnam Investment Review) newspaper reported.
Vietnam’s foreign trade surged 22.3 percent year-on-year in the first 11 months of this year to exceed 599.1 billion USD, according to the General Statistics Office.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam posts a trade surplus of 225 million USD in the first 11 months of this year. (Photo: VNA0 
