25/07/2025 Overview of Vietnam’s Export Performance
In 2024, Vietnam’s total export value reached USD 405.53 billion, up 14.3% year-on-year. Domestic enterprises accounted for USD 114.59 billion (28.3%), growing nearly 20% – higher than the FDI sector but still holding a smaller share, indicating great potential for growth if properly supported.
In Q1/2025, export value was estimated at USD 102.84 billion (+10.6% YoY), with 18 product categories exceeding USD 1 billion in export turnover. Among these, five surpassed USD 5 billion, making up nearly 60% of total exports.
Kim ngạch xuất khẩu năm 2024
Five Key Export Categories Poised for Growth
Electronics, Computers, and Components
Export value reached USD 72.6 billion in 2024 (+26.6%) driven by global supply chain shifts and increasing technology demand.
Machinery and Equipment
Reached USD 14.48 billion (+13.84%) thanks to domestic industrial support policies and technical cooperation.
Textiles, Garments, and Footwear
Exported over USD 10 billion by mid-April 2025, up 10.58%, boosted by recovery in the US and EU markets, and favorable FTAs like EVFTA and CPTPP.
Processed Agricultural Products and Seafood
USD 9.8 billion in Q1/2025 (+12.8%), with fruits and vegetables growing over 20% due to demand for sustainable and safe food.
Wood and Furniture Products
Export rose over 20% in 2024, with high demand in the US and EU for certified, eco-friendly furniture.
Kim ngạch xuất khẩu và tăng trưởng theo ngành hàng (2024)
Global Factors Impacting Export Performance
-
Supply chain disruption: Red Sea crisis, natural disasters, and rising logistics costs in Vietnam.
-
Geopolitical tensions: Potential US tariffs due to trade surplus with Vietnam exceeding USD 120 billion.
-
Environmental and technical standards: Strict regulations from US and EU markets.
-
Rising regional competition: ASEAN countries such as Thailand, Malaysia, and Cambodia accelerating exports.
Strategic Responses for Sustainable Growth
-
Leverage 17 active Free Trade Agreements (EVFTA, CPTPP, RCEP).
-
Promote cross-border e-commerce through platforms like Amazon, Alibaba.
-
Invest in production technology and origin traceability systems.
-
Adopt circular economy and green logistics solutions.
Thị trường xuất khẩu chính của Việt Nam năm 2024
US Tariff Scenarios and Exporter Strategies
| Tariff Level | Impact | Suggested Strategy |
|---|---|---|
| 10% | Moderate | Optimize logistics, add value, use FTAs effectively |
| 20–25% | Significant | Shift to new markets, partial processing abroad |
| 45% | Severe | Refocus on EU, Middle East, and e-commerce channels |
Thặng dư thương mại giữa Việt Nam với Mỹ (2014-2024)
Strategic Roadmap for Exporters
-
Diversify export markets and avoid over-reliance on any one market
-
Upgrade processing capabilities and increase value-added content
-
Develop direct e-commerce export channels
-
Ensure traceability and transparency in supply chain
-
Integrate circular economy and sustainability into operations
-
Maximize FTA benefits and government export support programs
Sources:
- Cổng thông tin điện tử Bộ Công Thương (MOIT)
- Cổng thông tin điện tử Bộ Kế hoạch và Đầu tư (www.mpi.gov.vn)
- Trang thông tin điện tử Cục Thống kê
- Tạp chí Kinh tế – Tài chính Hải quan Online
- Tạp chí Tài chính điện tử – Bộ Tài chính
