FX.co ★ Vietnam Trade Surplus Widens in September

In September 2025, Vietnam's trade surplus expanded to $2.85 billion, an increase from $2.29 billion in the same month the previous year. Export activities experienced a substantial year-on-year growth of 24.7%, reaching $42.67 billion, while imports rose by 24.9% to a total of $39.82 billion. Over the first nine months of 2025, the nation recorded a trade surplus of $16.82 billion, with export and import growth at 16.0% and 18.8%, respectively. Throughout this period, the United States remained Vietnam’s preeminent export market, with revenues hitting $112.8 billion. Conversely, China sustained its position as the principal source of imports for Vietnam, amounting to $134.4 billion. A notable development occurred in July when the US and Vietnam entered into a trade agreement resulting in the US reducing tariffs on Vietnamese imports to 20%, down from a previously looming 46% rate. In 2024, exports to the US comprised around 30% of Vietnam’s GDP, underscoring the importance of this bilateral trade relationship.