Viet Nam's exports are recording strong growth and are aiming for a new record in 2025. According to statistics, in the first 10 months of the year, export turnover reached about 391 billion USD, up 16.2% over the same period last year, an increase far exceeding the Government's initial target of 12%.

In October alone, export turnover reached about 42.05 billion USD, up 17.5% over the same period last year. Product groups with strong growth include: electronic equipment - computers - components (up about 47.9%), phones and components (up 4.7%), machinery - equipment (up 12.2%) and means of transport and spare parts (up 13.5%).

It is estimated that if Viet Nam maintains an average export rate of about 40 billion USD per month in the last two months of the year, the total export value could reach about 470-471 billion USD, far exceeding the set target.

In the export structure, the group of processed and manufactured industrial products contributed the most with about 346.7 billion USD, accounting for about 88.7% of the total export in 10 months. The group of agricultural, forestry and fishery products reached about 32.62 billion USD, accounting for about 8.3%. In terms of main export markets, the United States continues to be Viet Nam's largest market with a turnover of about 126.2 billion USD in 10 months. China is Viet Nam's leading import partner with an import turnover of about 150.9 billion USD in 10 months.

Some analysts believe that this growth momentum mainly comes from strong international trade activities, enhanced production and supply chains. However, they also warned that Vietnam is still at risk from US tariffs, especially when the economy is heavily dependent on exports (accounting for 83% of GDP).

The above strong export growth opens up great opportunities for Vietnamese enterprises to further participate in the global value chain, especially in the fields of electronics, machinery and components. However, to maintain this momentum, enterprises also need to pay attention to international competition, logistics costs, and risk management from tariffs and product origin.

Source: Compiled by the Multilateral Trade Policy Department, Ministry of Industry and Trade of Viet Nam