Vietnam’s trade surges by 15.3%

As of Dec. 14, exports amounted to $384 billion, a nearly 14.5% year-on-year increase, while imports rose by 16.3% to nearly $361 billion.

Trade surplus stood at 23.4 billion USD, down from 25.71 billion USD during the same period last year.

Le Nhu Quynh, director of the Import-Export Tax Department, reported that by Dec. 10, state revenue from import-export activities reached VND397.86 trillion (US$15.6 billion), surpassing the annual target by 6.1% and up 13.8% from the same period last year.

The figure is expected to hit VND420 trillion for the year, equal to 112% of the target and a 13.9% increase from 2023.

Import-export turnover and taxable trade values saw respective increases of 15.4% and 15.3%. A notable rise in imports of high-revenue goods significantly boosted overall tax collection.

For 2025, the National Assembly has set a state budget revenue target of VND411 trillion, based on projected GDP growth of 6.5–7% and crude oil prices of $75-80 per barrel.