Vietnam’s trade balance deteriorated at the start of 2026, with the deficit expanding to $1.078 billion in January 2026 from a shortfall of $640 million in December 2025. The latest figures, updated on 6 February 2026, point to a notable weakening in the country’s external position month-on-month.
The January reading marks a continued period of negative trade balance, as imports once again outpaced exports after December’s already sizeable gap. While the data provide a clear indication of a widening deficit, they do not specify the underlying drivers, such as sector-level export performance or the composition of imports.
The deepening trade shortfall in January 2026 will be closely watched by markets and policymakers, as it may have implications for Vietnam’s currency dynamics, external financing needs, and overall growth outlook if the trend persists in subsequent months.
