Import and export for the whole year of 2025 could reach 900 billion USD

Panorama of the press conference. *Photo: MT*

Director of the Department of Planning, Finance and Enterprise Management ( Ministry of Industry and Trade ) Bui Huy Son said that socio-economic activities in the first 9 months of 2025 took place in a volatile global context, with protectionism, trade wars, supply chain separation and the technology race continuing to increase.

In that context, the industry and trade sector achieved many positive results, making important contributions to overall growth.

The industrial production index in the third quarter of 2025 increased by 10% over the same period. In the first 9 months, the IIP increased by 9.1%, of which the processing and manufacturing industry increased by 10.4%, the highest level since the beginning of the term. All 34 localities nationwide recorded industrial growth, many places reaching double digits.

Domestic trade maintained growth, with total retail sales of goods and consumer services revenue increasing by 9.5%, reflecting improved purchasing power. Market inspection and control were strengthened, contributing to stabilizing supply, demand and prices. E-commerce grew by an average of 22-23% in the first 9 months.

Import and export activities continued to lead growth. Total import and export turnover in the first 9 months reached 680.6 billion USD, up 17.3% over the same period.

In the third quarter of 2025, export turnover reached 128.57 billion USD, up 18.4% over the same period and 9.6% over the second quarter. In the first 9 months, export turnover reached 348.74 billion USD, up 16% and exceeding the annual growth target of 12%.

There were 32 items with a turnover of over 1 billion USD, accounting for 93.1% of total exports; of which 7 items had a turnover of over 10 billion USD, accounting for 67.9%. The US was the largest market with 112.8 billion USD (up 27.7%), followed by China with 49.6 billion USD (up 11.3%), the EU with 41.7 billion USD (up 9.3%), ASEAN with 28.5 billion USD (up 2.9%) and Japan with 19.7 billion USD (up 9%).

The processed industrial products group continued to lead exports with a turnover of 297.2 billion USD (up 16.7%, accounting for 85.2%), notably phones, computers, components, textiles and footwear. Agricultural products reached 33.2 billion USD, up 15.2%, accounting for 9.5% of total exports.

The trade balance continued to maintain a trade surplus of 16.8 billion USD, making an important contribution to the macro balance and foreign exchange reserves of the economy .

Mr. Bui Huy Son informed at the press conference. *Photo: MT*

According to Mr. Bui Huy Son, if there are no unusual fluctuations, it is expected that the total import-export turnover of goods for the whole year could reach a new milestone of about 900 billion USD.

However, the Ministry of Industry and Trade identified many challenges in the last quarter of the year. In addition to the US's reciprocal tax policy, some major markets have temporarily stopped importing Vietnamese rice. From October 14, the US will impose high taxes on many wooden furniture products, putting pressure on exports.

To achieve the 2025 plan, the Ministry of Industry and Trade will focus on implementing many groups of tasks. The focus is on implementing the Government 's resolutions on growth targets, perfecting institutions, removing bottlenecks to mobilize social resources and developing new growth drivers.

At the same time, it is necessary to promote the development of the domestic market in conjunction with market control, prevent trade fraud, and accelerate the modernization of trade infrastructure to increase the competitiveness of goods.

Source: https://hanoimoi.vn/xuat-nhap-khau-ca-nam-2025-co-the-dat-900-ty-usd-718875.html