Vietnam’s trade set to surpass US$900 billion for first time

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Vietnam, Algeria eye stronger trade in farm produce

Vietnam, Algeria eye stronger trade in farm produce

Trade June 12, 2026

HCMC – Vietnam and Algeria are seeking to strengthen direct business links to expand trade in agricultural products and reduce intermediary costs, Vietnamese Ambassador to Algeria Tran Quoc Khanh told businesses and officials in Algeria's Skikda Province.

HCMC - Vietnam’s total import-export turnover is expected to reach about US$920 billion by the end of the year, marking the first time the country’s trade value has exceeded the US$900-billion mark.

As of December 15, Vietnam’s total trade turnover stood at US$883.7 billion, according to the Agency of Foreign Trade under the Ministry of Industry and Trade. Export growth in 2025 has been particularly strong, with export value forecast to exceed US$470 billion, up 16% from 2024, the Vietnam News Agency reported.

Speaking at a ceremony on December 19 to announce Vietnam’s 2025 trade results and honor top-performing exporters, representatives of the agency said Vietnam has recorded a trade surplus for 10 consecutive years since 2016. The trade surplus for 2025 is estimated at around US$21 billion.

Vietnam’s import-export sector has expanded rapidly over the past decade. Total trade soared from US$100 billion in 2009 to US$200 billion in 2011, US$300 billion in 2015, US$500 billion in 2017, and is now set to exceed US$900 billion.

The number of export items generating over US$1 billion in revenue increased to 36 in 2025, up from 10 in 2007. Meanwhile, the number of export markets with annual turnover exceeding US$1 billion rose from 27 in 2013 to 35 in 2024.

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Vietnam, Algeria eye stronger trade in farm produce

Vietnam, Algeria eye stronger trade in farm produce

Trade June 12, 2026

HCMC – Vietnam and Algeria are seeking to strengthen direct business links to expand trade in agricultural products and reduce intermediary costs, Vietnamese Ambassador to Algeria Tran Quoc Khanh told businesses and officials in Algeria's Skikda Province.