FX.co ★ Vietnam Trade Surplus Widens in October

In October 2025, Vietnam experienced a rise in its trade surplus, reaching USD 2.6 billion, compared to USD 2.03 billion in October 2024. There was a 17.5% year-on-year increase in exports, totaling USD 42.05 billion, and a 16.8% rise in imports, amounting to USD 39.45 billion. For the first ten months of 2025, the country's cumulative trade surplus reached USD 19.56 billion, with exports and imports increasing by 16.2% and 18.6%, respectively. Processed industrial goods shipments constituted USD 346.73 billion, which made up 88.7% of the total exports. The United States maintained its role as Vietnam's largest export destination, with export revenues climbing to USD 126.2 billion. Meanwhile, China was the leading source of imports, contributing USD 150.9 billion. In July of the same year, a trade agreement was reached between the US and Vietnam, introducing a 20% tariff on imports from Vietnam, marking a notable reduction from the previously considered 46% tariff. In 2024, exports to the US represented about 30% of Vietnam's GDP.