Vietnam Trade Surplus Narrows in August
In August 2025, Vietnam's trade surplus decreased to $3.72 billion, a decline from $4.05 billion in the same month of the previous year, largely due to exports increasing at a slower rate than imports. Exports experienced a 14.5% year-on-year growth, reaching $43.39 billion, while imports saw a 17.7% rise, totaling $39.67 billion. Over the first eight months of 2025, Vietnam recorded a trade surplus of $13.99 billion, with exports and imports rising by 14.8% and 17.9%, respectively. During this time, the United States continued to be Vietnam's largest export destination, with export revenues amounting to $99.1 billion. Conversely, China maintained its position as the primary source of imports, with a total import value of $117.9 billion. In July, a new trade agreement was signed between the US and Vietnam, under which the US will impose a 20% tariff on Vietnamese imports, reduced from an initially threatened 46% tariff. In 2024, exports to the US constituted approximately 30% of Vietnam's GDP.
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