TEL AVIV — Despite ongoing conflicts in the Middle East, trade between Việt Nam and Israel continued to grow strongly in the first half of 2025, with Israeli firms actively seeking alternative suppliers, including from Việt Nam.

Lê Thái Hoà, Trade Counsellor at the Vietnamese Embassy in Israel, said on Monday that bilateral trade reached US$1.565 billion in the first five months of this year, marking a 44.64 per cent surge compared to the same period in 2024. Việt Nam’s exports to Israel were valued at $354 million, maintaining the same level as the previous year.

Preliminary data shows that bilateral trade hit $1.825 billion in the first six months of 2025, up 31.2 per cent year-on-year. Exports from Việt Nam rose to $425 million during the period.

If current momentum continues and no significant market disruptions occur, trade between the two countries is projected to approximate $3.7 billion for the full year – an increase of 13.95 per cent over 2024. Việt Nam’s exports are expected to approach $900 million, up 13.21 per cent.

Hòa described these trade figures, given Israel's population of nearly 10 million and latent risks of instability, as relatively impressive.

He explained that the conflicts have caused serious disruptions to Israel’s external supply chains, leading to greater demand for a wide range of imported goods. As a result, Israeli enterprises are intensifying efforts to diversify sources of supply, including from Vietnam, to meet domestic consumption needs. — VNS