The value of exports to the U.S. jumped 28%, from $119.6 billion in 2024 to $153.2 billion in 2025.<\/p>\n
The global manufacturing hub’s exports rose 17% to $475 billion while imports climbed to $455 billion, up 19% from 2024, according to the GSO.<\/p>\n
China was its largest source of imports, the office said.<\/p>\n
When U.S. President Donald Trump announced his “Liberation Day” tariffs in April, Vietnam had the third-largest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in Trump’s tariff blitz.<\/p>\n
But by July, Hanoi secured a minimum 20% tariff with Washington, down from more than 40%, in return for opening its market to U.S. products, including cars.<\/p>\n
“Despite potential downside risks from tariffs imposed by the U.S., Vietnam has shown resilience through strong domestic consumption, business investment growth and government spending,” said Chad Ovel, a partner at private equity firm Mekong Capital.<\/p>\n
Its 2025 growth “reflects the continued strong fundamentals of the Vietnamese economy and the government’s pro-private sector direction,” Ovel added. <\/p>\n
Vietnam’s industry and construction sector grew nearly 9% while its services sector rose 8.6% from the previous year, according to the GSO.<\/p>\n
In the fourth quarter of 2025, Vietnam’s year-over-year economic growth was 8.46% “reaching the highest growth rate for a fourth quarter in the 2011-2025 period,” the GSO said.<\/p>\n
The economy grew just over 5% in 2023 and topped 7% in 2024.<\/p>\n
Vietnam aims to grow its economy by at least 10% this year, and is vying for “middle-income country” status by 2030.<\/p>\n
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