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Ten‑month exports rose 16.2 per cent, with October at USD 42.05 billion, putting Vietnam on course for a record USD 470-471 billion and prompting upgrades to 2025 GDP forecasts.
Vietnam’s export turnover is on track for a strong finish in 2025 after rising 16.2 per cent in the first 10 months, well ahead of the 12 per cent annual target.
Exports have topped USD 42 billion a month for four straight months, pushing growth beyond plan. If earnings average USD 40 billion a month over the final two months, total shipments could reach a record USD 470-471 billion. The momentum is expected to support economic growth this year, with several international organisations lifting 2025 GDP projections by around one to 1.5 percentage points.
According to the Ministry of Finance, in October alone, exports totalled USD 42.05 billion, up 17.5 per cent year on year, led by electronics and computers (up 47.9 per cent), phones (4.7 per cent), machinery (12.2 per cent) and transport equipment and parts (13.5 per cent). By end‑October, electronics exports reached USD 136 billion, a record for the sector. With nearly 50 per cent year‑on‑year growth, electronics, computers and components remain a mainstay of Vietnam’s export basket.
Year‑end orders are lifting output across major sectors. In 2025, the textile industry targets USD 47-48 billion in exports; after 10 months, shipments reached USD 33 billion, up 7.6 per cent despite unfavourable tariff policies.
Seafood exporters also expect a strong finish in 2025, targeting USD 10.5-11 billion, up from USD 10 billion in 2024, on recovering demand in the United States and China and efforts to diversify markets and improve quality.
Anthony Tan, deputy group head and principal economist at the ASEAN+3 Macroeconomic Research Office (AMRO), said Vietnam’s economy has rebounded on reforms and rising exports. In the medium to long term, analysts say sustained gains will depend on productivity improvements, deeper regional supply‑chain links and high‑quality investment.
Source: DTiNews
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