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Exports

Vietnam's Import-Export Revenue Surges, Contrasting Views on Smuggling and Trade

Strategic Insights

— 2 min read

In the first seven months of 2025, Vietnam's state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD), marking a 9.1% increase year-on-year and 55.6% of the targeted goal, according to the Department of Customs. Total import-export turnover during the period stood at 514.72 billion USD, a significant increase of 16.3% compared with the same period last year. Exports accounted for 262.46 billion USD, while imports made up 252.26 billion USD, resulting in a trade surplus of 10.20 billion USD, down 30.3% from the 14.64 billion USD surplus recorded in the same period of 2024. Meanwhile, smuggling and intellectual property infringements persist, with domestically produced counterfeit and substandard products being openly sold, particularly on e-commerce platforms.

Key Takeaways:

  • Vietnam's import-export revenue reached over 261.37 trillion VND (9.97 billion USD) in the first seven months of 2025, up 9.1% from the same period last year.
  • Total import-export turnover amounted to 514.72 billion USD, an increase of 16.3% compared to the previous year.
  • Exports accounted for 262.46 billion USD, while imports totaled 252.26 billion USD, resulting in a trade surplus of 10.20 billion USD.
  • Smuggling and intellectual property infringements remain complex issues, with 10,351 cases detected and dealt with by customs forces from January to July.
  • Ten cases were prosecuted directly by customs authorities, while 68 others were transferred to other agencies for prosecution.
  • The maritime route accounted for the largest share of smuggling cases, with 899 out of 1,790 being detected (50.2% of total seizures).

Statistics:

  • 261.37 trillion VND (9.97 billion USD): Vietnam's state budget revenue from import-export activities in the first seven months of 2025.
  • 63.6%: Percentage of the annual estimate reached in the first seven months of 2025.
  • 55.6%: Percentage of the targeted goal reached in the first seven months of 2025.
  • 514.72 billion USD: Total import-export turnover in the first seven months of 2025.
  • 16.3%: Increase in total import-export turnover compared to the same period last year.
  • 262.46 billion USD: Export turnover in the first seven months of 2025.
  • 252.26 billion USD: Import turnover in the first seven months of 2025.
  • 10.20 billion USD: Trade surplus in the first seven months of 2025.
  • 30.3%: Decrease in trade surplus compared to the same period in 2024.
  • 14.64 billion USD: Trade surplus in the same period of 2024.
  • 10,351: Number of smuggling and intellectual property infringement cases detected and dealt with by customs forces from January to July.
  • 1,790: Total number of smuggling cases detected.
  • 899: Number of smuggling cases detected via maritime routes.
  • 50.2%: Percentage of total seizures concentrated via maritime routes.
  • 669: Number of smuggling cases handled on land routes in July alone.
  • 37%: Percentage of total incidents concentrated on land routes.
  • 15.1 trillion VND: Estimated value of goods in cases involving goods.

Sources:

  • Department of Customs.

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