HCMC – The U.S. was Vietnam’s top export market in the first five months of 2025, with exports reaching US$57.2 billion, according to the General Statistics Office under the Ministry of Finance.
Vietnam’s total trade value during the January-May period amounted to US$355.79 billion, up 15.7% year-on-year. Exports rose 14% to US$180.23 billion, while imports grew 17.5% to US$175.56 billion, resulting in a trade surplus of US$4.67 billion, reported the Vietnam News Agency.
Domestic firms contributed US$49.62 billion to total exports, rising 12.5% and accounting for 27.5% of the total. Foreign-invested enterprises, including crude oil exporters, made up the remaining 72.5%, with export revenues of US$130.61 billion, up 14.5% year-on-year.
Manufactured and processed goods dominated exports, generating US$158.93 billion and accounting for 88.2% of total outbound shipments. Farm produce and forestry products contributed US$15.88 billion, or 8.8%, while seafood products reached US$4.21 billion, representing 2.3%. Exports of fuels and minerals totaled US$1.21 billion, making up 0.7%.
On the import side, domestic firms imported US$62.04 billion worth of goods, up 12.9% compared to the same period last year. Imports by foreign-invested enterprises rose 20.2% to US$113.52 billion.
Imports of production materials were valued at US$164.75 billion, accounting for 93.8% of total imports. Machinery, equipment, tools, and spare parts made up 51.2% of the total, while raw materials, fuels, and supplies represented 42.6%. Consumer goods imports amounted to US$10.81 billion, accounting for 6.2%.
China was Vietnam’s largest source of imports, with a value of US$69.4 billion in the five-month period.
To achieve the Government’s export growth target of 12% for 2025 compared to 2024, Nguyen Thi Huong, head of the General Statistics Office, recommended that the Government enhance information dissemination and assist enterprises in meeting new export market standards.
She also proposed support for firms facing anti-dumping lawsuits and urged improved access to financing and high-tech production to expand markets and boost exports.
