Southeast Asia Information Port (www.dnyxxg.com) – With exports growing by 16.2% in the first 10 months of this year, Vietnam's merchandise exports are gradually achieving their annual target for 2025, and are expected to likely achieve unexpected results, far exceeding the initial target of 12%.
In the first 10 months of this year, Vietnam's merchandise exports grew by 16.2%, while the annual export target was set at 12%. For the past four consecutive months, monthly exports have exceeded US$42 billion, a performance that has far surpassed the established target.
If exports can maintain a monthly level of US$40 billion in the next two months, the annual export value will set a new record, projected to reach US$470 billion to US$471 billion, far exceeding expectations. This surge in Vietnam's trade activity will make a significant contribution to driving economic growth this year. Therefore, many international organizations continue to raise their forecasts for Vietnam's economic growth in 2025 by between 1% and 1.5%.
According to Vietnam's Ministry of Finance, in October, Standard Chartered revised its 2025 economic growth forecast for Vietnam to 7.5% from 6.1% at the end of July, and 7.2% for 2026; HSBC raised its 2025 forecast to 7.9% from 6.6%, and 6.7% for 2026; UOB raised its 2025 forecast to 7.5% from 6.9%; and the Asian Development Bank (ADB) also raised its forecast to 6.7%.
Standard Chartered noted in its latest macroeconomic report that Vietnam continues to consolidate its position in the global supply chain, thanks to strong trade activity and deep integration into the global trade network.
In October 2025 alone, Vietnam's total exports reached US$42.05 billion, a year-on-year increase of 17.5%. This achievement is attributed to strong growth in key industries, such as electronics and computers (up 47.9%), mobile phones (up 4.7%), machinery and equipment (up 12.2%), and transportation equipment and components (up 13.5%).
As of the end of October 2025, cumulative exports of electronic products reached US$136 billion, a record high since the industry began participating in exports. This represents a year-on-year increase of nearly 50%. The electronics, computer, and components industry has solidified its position as a pillar of Vietnam's exports.
Tim Leelahaphan, Senior Economist for Vietnam and Thailand at Standard Chartered, stated that Vietnam's recovery and resilience are fully reflected in its successful attraction of substantial foreign direct investment (FDI) inflows, stable export growth, and its continued strategic enhancement in the diversification of global supply chains.
Currently, major export sectors are entering their peak production season. Many textile and garment, seafood, and wood products companies are coordinating production to fulfill the large number of export orders expected during the year-end peak season.
Vietnam's textile and garment industry has set an export target of US$47 billion to US$48 billion for 2025. As of the end of October, exports had already reached US$33 billion, a year-on-year increase of 7.6%. This indicates that despite facing a series of unfavorable tariff policies, Vietnam's export situation remains positive.
The seafood industry in Vietnam is expected to successfully conclude 2025, with an export target of US$10.5 billion to US$11 billion, higher than the US$10 billion level in 2024. (End)
