Vietnam export boom masks deepening trade surplus split between local and foreign firms
Vietnam generated $430.2 billion in export turnover in the first 11 months of 2025, up 16.1% year-on-year, putting total full-year exports on track to exceed $470 billion, according to data from the Ministry of Industry and Trade. That full-year estimate re…
Source: RSS · July 21, 2026 at 6:22 PM · AI-assisted report
KUALA LUMPUR, 22 JULY 2026 —
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Vietnam generated $430.2 billion in export turnover in the first 11 months of 2025, up 16.1% year-on-year, putting total full-year exports on track to exceed $470 billion, according to data from the Ministry of Industry and Trade. That full-year estimate represents a 16% increase compared to 2024.
The performance builds on a 10-year streak of trade surpluses that has strengthened the country's foreign reserves, the ministry reported. Over the 2020–2025 period, Vietnam maintained an average annual export growth rate of around 10%, propelling it into the top 20 global exporting economies as of 2023.
Official trade figures show foreign-invested enterprises accounted for $328 billion in exports, up over 23% year-on-year, while domestic firms generated just over $102 billion, down 1.7% from the prior year. Foreign firms expanded their export share
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