Import and export turnover in 2025 could reach a record $920 billion.

Despite the continuing unpredictable global situation, import and export activities have remained strong, a bright spot for the Vietnamese economy.

According to the Ministry of Industry and Trade , imports and exports exceeded $900 billion for the first time, placing Viet Nam among the top 15 countries with the largest trade volume.

Specifically, by December 15th, the total value of goods exports and imports nationwide reached 883.7 billion USD. It is projected that by the end of 2025, this figure could reach 920 billion USD. With this new record, Viet Nam will join the group of 15 world trading powers, ranking second in ASEAN.

Of that total, exports are estimated to reach over $470 billion, a 16% increase compared to 2024. Viet Nam continues to maintain a trade surplus for 10 consecutive years, starting in 2016.

Furthermore, by 2025, e-commerce is expected to continue its accelerated and sustainable growth, surpassing $31 billion, accounting for 10% of total retail sales and two-thirds of the digital economy ; maintaining its position among the top 10 fastest-growing e-commerce countries in the world and top 3 in ASEAN in terms of scale.

According to Deputy Minister of Industry and Trade Phan Thi Thang, Viet Nam's import and export have grown continuously in recent years. From the milestone of 100 billion USD in 2009, the total trade turnover has increased ninefold after 16 years. The number of export items exceeding 1 billion USD has also increased rapidly, from 10 items in 2007 to 36 currently.

Export markets continue to expand, with the number of markets exceeding $1 billion increasing from 27 in 2013 to 35 at the end of last year.

Along with exports and imports, manufacturing activities recovered strongly last year. The Industrial Production Index (IIP) is estimated at 9.5%, stronger than the 8.2% of 2024. Viet Nam signed four new free trade agreements (FTAs), bringing the total number of FTAs ​​to 17 with 65 countries and territories.

The domestic market grew by 9-10%, and the e-commerce market size exceeded $30 billion for the first time. Viet Nam continued to maintain its position as 32nd in the world in terms of national brand value.

Speaking at the Conference summarizing the work of the Industry and Trade sector in 2025, the 2021-2025 term, and outlining the work orientation for the 2026-2030 term and implementing key tasks for 2026, Prime Minister Pham Minh Chinh requested that the industry and trade sector achieve a growth rate of over 10%, renew traditional growth drivers (exports and consumption), and promote new growth drivers.

At the same time, the Ministry of Industry and Trade must always proactively fight against corruption and negative practices, drawing lessons from the 12 previous loss-making projects to improve this work.

Regarding electricity supply and pricing, the Prime Minister requested that these issues be addressed on the basis of harmonizing interests, sharing risks, and resolving problems within the scope of authority.

The Ministry must also strive to wage war against counterfeit medicines and food, focusing on improving the skills and capabilities of its staff, linking decentralization and delegation of authority, allocating resources, minimizing administrative procedures, and prioritizing state management.

Source: VTC News