Vietnam has made significant strides in its export sector, becoming a key player in the global market. The country’s diverse range of export products has contributed to its economic growth and resilience. Here, we explore the major highlights of Vietnam’s export landscape.
- Textiles and Seafood: In 2024, Vietnamese businesses reported substantial revenue from foreign markets, with textiles and seafood companies showing the highest proportions of foreign revenue, reaching up to 99%. Vietnam’s export value in 2024 was USD 405.5 billion, a 14.3% increase year-on-year, with nearly 30% of exports going to the US market. (Source: Eight Vietnamese Firms Top VND 10 Trillion Revenue in 2024)
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Manufacturing Sector: Vietnam’s manufacturing sector experienced growth in March 2025, with increased production and new orders. The export value reached USD 82.29 billion by mid-March 2025, a 6.3% increase year-on-year. Key export products included computers, electronics, and components, which saw a 29.2% increase, and textiles, which grew by 9.4%. (Source: Vietnam Manufacturing Sector Booms in March 2025)
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Automotive Industry: Vietnam’s automotive market saw a significant surge in Q1 2025, with total sales reaching 72,249 vehicles, a 24.2% increase year-on-year. This growth was driven by both domestically assembled vehicles and completely built-up (CBU) imports. (Source: Vietnam Auto Sales Surge 24.2% in Q1 2025)
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Agriculture: The agricultural sector, particularly durian farming, has also seen impressive growth. In Ben Tre province, durian prices doubled within a month due to strong demand from China and limited off-season supply. The local government is promoting improved farming techniques to stabilize prices and increase export potential. (Source: Ben Tre Durian Prices Double in a Month)
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Technology and Semiconductors: Vietnam is making significant investments in the semiconductor industry, aiming to train 50,000-100,000 semiconductor engineers by 2030. This sector is expected to play a crucial role in the country’s economic future, with high salaries and strong career prospects attracting students to the field. (Source: Vietnam Targets 50,000-100,000 Semiconductor Engineers by 2030)
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Wood Products: Duc Thanh Wood JSC (GDT), a leading Vietnamese wood products manufacturer, reported strong financial results in 2024 despite global economic challenges. The company achieved an 8% year-over-year increase in net revenue and a 65% increase in after-tax profit. (Source: GDT Reports Strong 2024 Financials Despite Global Economic Slowdown)
In summary, Vietnam’s export sector is thriving, with significant contributions from textiles, seafood, manufacturing, automotive, agriculture, technology, and wood products. The country’s strategic investments and focus on improving production techniques and infrastructure are expected to further enhance its export capabilities and economic growth in the coming years.