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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

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  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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Ho Chi Minh City
Sunday, July 6, 2025

Exports to major markets, bar China, down in Jan-Nov

The Saigon Times

Must read

HCMC – Vietnam is grappling with a downturn in exports to major markets like the U.S., the EU, Japan, and South Korea, with China being the only exception.

Data from the Ministry of Industry and Trade showed China’s imports from Vietnam rose by 6.2% in January-November, a significant improvement from a 2.2% dip recorded in the same period last year.

Despite a 13.1% decline, the U.S. remained the largest export market for Vietnam during this period, with a total value of US$88 billion, making up 27% of Vietnam’s total export revenue.

Meanwhile, exports to other significant markets contracted, including an 8.1% decrease in exports to the European Union (at US$39.9 billion) and a 6.2% drop in shipments to Southeast Asian countries (at US$29.4 billion).

Exports to South Korea edged down by 4% to US$21.5 billion, while exports to Japan decreased by 4.3%, totaling US$21.2 billion. However, the rate of export contractions to these key markets has been narrowing in recent months, indicating a potential recovery in the second half of the year.

In the 11-month period, 33 product categories generated more than US$1 billion in exports each. Among these, agricultural products, rice and fruits stood out, registering 4.6% year-on-year growth.

Overall, foreign trade revenue from January to November amounted to US$619.17 billion, an 8.3% decrease versus the same period last year. Vietnam gained a trade surplus of US$28.8 billion during this time.

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