Singapore · Regional expansion
Vietnam's foreign-invested exporters drove its 2025 goods surplus
Vietnam reported a US$20.03 billion goods trade surplus in 2025. Foreign-invested businesses, including crude oil in the export measure, recorded a US$49.46 billion surplus. The domestic sector recorded a US$29.43 billion deficit.
Sources checked
Exports
Shared scale · -29.43 US$ billion to 475.04 US$ billion
Imports
Shared scale · -29.43 US$ billion to 475.04 US$ billion
Balance
Shared scale · -29.43 US$ billion to 475.04 US$ billion
Select exports, imports or the signed balance. Goods totals include their two sector components.
What produced the merchandise surplus
The foreign-invested sector exported US$367.09 billion of goods and imported US$317.63 billion. Domestic businesses exported US$107.95 billion and imported US$137.38 billion. Those balances combine to the country's reported merchandise surplus. Source 1
The sectors moved in opposite directions
The National Statistics Office reports that foreign-invested goods exports increased 26.1% in 2025 and domestic-sector exports decreased 6.1%. Foreign-invested firms accounted for 77.3% of goods exports. The country's overall 17% growth therefore conceals sharply different sector changes. Source 1
A country total does not show each supply chain
The United States was the largest goods export market at US$153.2 billion. China was the largest import source at US$186.0 billion. The release provides national totals for those partners. It does not link individual imports from China to goods later shipped to the United States. Source 1
Services tell a different story
The national statistics office estimated a US$10.23 billion deficit in services trade. Transport services accounted for US$17.1 billion in imports and US$8.8 billion in exports. Tourism services were close to balance at the published precision. Those services measures sit outside the merchandise sector split. Source 1