Vietnam reports $659 billion trade turnover amid rising imports

Vietnam reported a total trade turnover of approximately $659 billion for the first seven months of 2026, representing a 28.1% year-on-year increase. While exports rose by 21.7%, imports grew by 34.8%, resulting in a trade deficit of approximately $20.5 billion. The surge in imports is largely driven by the electronics sector, specifically computers and components, to support manufacturing expansion.

Industrial production saw an 11.4% increase during this period, the highest seven-month growth rate in recent years. Additionally, the manufacturing Purchasing Manager's Index (PMI) rose to 52.9 in July, indicating sector health. Foreign direct investment (FDI) registered at $38.06 billion, a 58% increase compared to the same period last year.

In the agricultural sector, durian exports reached approximately $950.7 million in the first half of 2026, up 31.1% year-on-year, with China remaining the primary market. However, rising logistics and transportation costs continue to pose challenges for exporters, particularly for perishable goods and seafood, as companies face high international shipping rates and increasing demands for supply chain transparency and green standards.