Viet Nam’s foreign trade up 12% in two months

In February alone, Viet Nam's trade with the rest of the world reached US$63.77 billion, up 0.7 percent from the previous month and 32.6 percent compared to February 2024.

In Jan-Feb period, export value grew by 8.4 percent to US$64.27 billion. Of which, the domestic economic sector contributed US$17.92 billion, an increase of 12.8 percent on-year, while the foreign-invested sector (including crude oil) accounted for US$46.35 billion, up 6.7 percent.

The GSO said up to 12 key items with export value surpassing US$1 billion each, collectively accounting for 77.7 percent of the total export turnover. 

Meanwhile, import value was estimated at US$62.8 billion, up 15.9 percent year-on-year, of which import turnover of the foreign-invested sector rose by 14.4 percent to US$40 billion.

The U.S. remained Viet Nam's largest export market with US$19.6 billion, while China was the largest supplier of goods to Viet Nam, with US$23.3 billion.

The Southeast Asian nation enjoyed trade surpluses of US$17 billion with the U.S. (up 16.3 percent), US$6.4 billion with the EU (up 19.2 percent), US$0.5 billion with Japan, while recorded trade deficits of US$15.4 billion with China (up 36.9 percent), US$4.6 billion with South Korea (up 20.6 percent) and US$2.1 billion with ASEAN (up 116.8 percent).

Overall, Viet Nam posted a trade surplus of US$1.47 billion in the first two months of 2025./.