Vietnam’s trade surpasses $1 Trillion for first time, setting new record
This marks the first time Vietnam’s trade in goods has surpassed the 1 trillion USD threshold, setting a new record and reflecting the continued strong expansion of its international trade.
According to the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT), in October alone, total import-export turnover is estimated at $122.2 billion, an increase of 47.6% year-on-year.
Notably, export turnover in the first ten months is estimated at $499 billion, up 27.4%, providing positive momentum towards achieving and exceeding the government's full-year export growth target of 15-16% in 2026.
Export growth was recorded in both the domestic economic sector and the foreign-invested (FDI) sector. Processed and manufactured industrial products remained the key export category, accounting for 87.4% of the total export value.
Exports also expanded strongly in major markets such as China, the United States, the European Union, South Korea, and ASEAN countries.
The MoIT is currently drafting a Goods Import-Export Strategy to 2030, with a vision towards 2045.
Under the draft strategy, during the 2026-2030 period, average annual export growth is targeted at 15-16%, while imports are expected to grow by 12-13% per year. By 2045, Vietnam aims to rank among the top 10 countries in the world in terms of merchandise export and import value.
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