Vietnam faces $13.8 bn import surplus, raising trade‑deficit concerns

Vietnam's total trade volume reached about $445 bn in the first five months of the year, with imports of roughly $225‑$226 bn, creating an import surplus of $13.8 bn. Experts say signs of a shrinking trade surplus have been evident since 2024‑2025.

Foreign direct investment rose about 10% year‑on‑year, hitting a five‑year high, with 83% of new capital directed to processing and manufacturing. However, analysts warn that Vietnam’s ability to absorb and spread this capital across domestic firms remains limited.

Scholars and policymakers call for a revised export‑import strategy that builds domestic value chains and reduces reliance on foreign‑sourced capital, emphasizing the need for stronger, locally‑led enterprises to lead export activities.