After 7 months, the super-estimated export is 9.7 billion USD
According to the Ministry of Industry and Trade, in the first 7 months of 2025, the country's export turnover of goods is estimated to reach 261.8 billion USD, up 14.6% over the same period in 2024, exceeding the set export growth target. Accordingly, the average monthly export turnover reached 37.4 billion USD. Of which, May and June both reached more than 39.5 billion USD. In July alone, exports are expected to reach a peak of more than 41.6 billion USD.
On the other hand, the import turnover of goods in the past 7 months is estimated at 252.1 billion USD, up 17.9% over the same period in 2024. Due to the recovery of production and export activities, businesses have stepped up the import of raw materials for production for export orders.
The trade balance over the past 7 months is estimated to have reached a trade surplus of 9.7 billion USD. This figure is lower than the $12.6 billion in the same period last year. However, a moderate trade surplus can increase foreign exchange reserves, stabilize monetary policy and contribute to sustainable import-export development in the medium and long term.
According to Mr. Nguyen Anh Son - Director of the Import-Export Department, in the context of increasingly deep integration, Vietnamese enterprises need to proactively approach and grasp trade policies, while continuously updating technical barriers in the import market.
In addition, improving product quality, investing in modern technology and promoting digital transformation will be a key factor to help businesses meet international standards and expand export markets.
Restructuring, proactively responding to unpredictable fluctuations in the world
In recent times, to promote import-export activities, the Import-Export Department (Ministry of Industry and Trade) has proactively coordinated with relevant units to develop and submit to the Ministry's leaders to issue a series of important documents. Including Decree No. 146 dated June 12, 2025 on decentralization and delegation of authority in the industrial and commercial sector. Along with that, the Ministry of Industry and Trade issued Circular No. 38 dated June 19, 2025 amending and supplementing regulations on decentralization of administrative procedures and Circular No. 40 dated June 22, 2025 related to the issuance of certificates of origin and the mechanism for self- certifying the origin of goods.
In addition to perfecting institutions, the Import-Export Department also actively simplifies administrative procedures. The Department has reviewed and adjusted 44 out of 85 administrative procedures managed by the Department. As a result, the cost of compliance with these procedures has decreased from VND1,306 billion to about VND882 billion, equivalent to a reduction of 32.5%.
Notably, the decentralization of the issuance of Certificates of Origin (C/O) to localities is being vigorously implemented. The Import-Export Department is currently coordinating to organize specialized training courses on rules of origin and self- certifcation mechanisms for local industrial and trade department staff and export enterprises to improve implementation capacity.
Ms. Nguyen Thi Huong - Director of the Statistics Office (Ministry of Finance) said that Vietnam's import-export activities need to prioritize strategic restructuring in the direction of proactiveness, sustainability and rapid adaptation. In particular, it is necessary to ensure transparency of the supply chain and control the origin. Promote selective trade promotion activities for imported raw materials, components, equipment, and technology for production to support domestic enterprises in improving production capacity and increasing product value for export. At the same time, aim to increase the localization rate and develop supporting industries, encourage domestic enterprises to participate in the value chain of large FDI enterprises.
"We need to diversify export markets and seek new export markets. Exploit effectively, take advantage of FTAs to increase exports. Boost exports to India, the Middle East, South Asia, Eastern Europe, Africa... Encourage businesses to spread the supply chain; expand e-commerce across borders", Ms. Huong emphasized.
