In brief
In the first ten months of 2026, Vietnam’s trade turnover topped $1 trillion, up 32.3 % from the same period last year. Export growth accelerated to 27.4 %, driven largely by processed industrial products. The government is drafting a new import‑export strategy aiming to boost domestic enterprise exports to 40 % by 2045.
On November 1 th, Xinhua reported that Vietnam has achieved a total import‑export turnover of an estimated 1.01 trillion USD during the first ten months of 2026, a year‑on‑year rise of 32.3 percent.
The same data set, quoted by Xinhua, shows exports reaching roughly $499 billion, up 27.4 percent compared with the 2025 same period. The bulk of the exported goods—about 87.4 percent—came from processed and manufactured industrial products, according to figures released by the Ministry of Industry and Trade.
In the month of October alone, the country’s trade turnover surged to $122.2 billion, up 47.6 percent year‑on‑year, as reported by the Voice of Vietnam. The October surge included a trade surplus of $6.8 billion, which helped reduce the cumulative trade deficit over the ten‑month span to roughly $12.7 billion, the Voice of Vietnam added.
Both Xinhua and Voice of Vietnam noted that the robust growth coincided with a shift in Vietnam’s export mix toward higher‑value processed goods, a trend the Ministry of Industry and Trade cites as a key factor behind the jump in overall turnover.
The Ministry of Industry and Trade is drafting a new import‑export strategy that will run through 2030, while a long‑term vision toward 2045 has also been outlined. The draft strategy seeks to raise the share of domestic enterprises in national exports to 30 percent by 2030 and to 40 percent by 2045.
Strategic Vision to 2045
The ministry’s plans, as outlined in the draft documents, indicate a deliberate push to embed Vietnamese brands in global value chains. The target to increase domestic enterprise exports from 30 percent to 40 percent over twenty‑five years reflects a policy emphasis on technology upgrade and production diversification, according to ministry officials highlighted in the policy brief.
While the data reveal a solid upward trajectory in trade performance, officials have underscored that ongoing efforts will be needed to sustain momentum, especially amid shifting global demand patterns and supply‑chain disruptions that have affected many emerging economies.