FX.co ★ Vietnam Trade Surplus Narrows in June

In June 2025, Vietnam's trade surplus reduced to USD 2.83 billion from USD 3.2 billion in June 2024. This decline occurred as export growth trailed behind import growth, marking the third consecutive month of surplus. Exports increased by 16.3% year-on-year to USD 39.49 billion, whereas imports rose significantly by 20.2% to USD 36.66 billion. In the first half of 2025, Vietnam achieved a trade surplus of USD 7.63 billion, with exports and imports increasing by 14.4% and 17.9%, respectively. During this time, exports of processed industrial goods amounted to USD 194.28 billion, representing 88.4% of the total exports. The United States continued to be Vietnam's most significant export destination, with trade reaching USD 70.91 billion. Last year, exports to the US accounted for approximately 30% of Vietnam's GDP. A trade agreement was concluded between the US and Vietnam last Wednesday, stipulating that the US will now impose a 20% tariff on Vietnamese imports, reduced from the initially planned 46% duty.