To improve the trade balance, the Ministry of Industry and Trade is implementing measures focusing on mechanisms and policies, market development, and support for businesses.
Việt Nam mposted a trade surplus of $1.27 billion in September, with total trade of goods reaching $117.69 billion, up 7.3 per cent from August and 42.4 per cent from the same month last year.
It is critical to clarify why imports have increased sharply while export growth among domestic companies is slowing down and how effectively imported materials, machinery and equipment are being converted into goods for production and export.
To support exports in the second half of the year, the ministry will continue promoting the effective use of free trade agreements (FTAs), strengthen trade promotion activities and leverage Việt Nam''s overseas trade offices to help domestic businesses access international...
Overall, total trade turnover in the first six months of 2026 stood at $549.7 billion, up 27.1 per cent compared with the same period last year, of which exports rose 21 per cent and imports increased 33.4 per cent.
Exchange-rate stability has emerged as one of Việt Nam’s macroeconomic bright spots this year, despite mounting pressure from a record trade deficit and an uncertain global outlook.
Việt Nam''s unexpected trade deficit of US$13.8 billion in the first five months of 2026 reflects both a recovery in manufacturing and persistent weaknesses in domestic supply chains, experts said at a forum on May 11.
In February alone, exports were estimated at $33.06 billion, down 23.7 per cent from January because of the nine-day Tết holiday, but still 5.7 per cent higher year-on-year.
In the first months of the year, enterprises ramped up their imports of input materials and spare parts to meet their production and export demands for later months
Index of Industrial Production for August has ped by 4.2 per cent from July, and a 7.4 per cent decrease year-on-year. However, IIP for the year so far has increased by 5.6 per cent year-on-year.
According to trade experts, the above-mentioned trade deficit was not a worrisome figure as enterprises ramped up their imports of input materials to meet their production demands.
The Regional Comprehensive Economic Partnership (RCEP) would not worsen trade deficit Viet Nam was running with signatory markets, according to the Ministry of Industry and Trade.