{
  "id": 18254791,
  "title": "Vietnam s trade turnover surpasses 1 trillion for the first time",
  "url": "https://urgent.news/2026/11/05/vietnam-s-trade-turnover-surpasses-1-trillion-for-the-first-time",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-05T04:50:19.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/vietnams-trade-turnover-surpasses-1-trillion-for-the-first-time-164432.html"
  },
  "original_language": "en",
  "account": "Vietnam's total merchandise trade turnover surpassed $1 trillion for the first time in the first 10 months of 2026, according to data from the National Statistics Office. The surge in trade was driven by a 32.3% increase on-year in exports, totaling $499.24 billion, and a more substantial 37.4% rise in imports, reaching $511.3 billion. This resulted in a merchandise trade deficit of $12.07 billion, a shift from a surplus of around $19.5 billion the previous year. October saw a new high for total merchandise trade at $122 billion, a 3.7% increase from the prior month and a significant 47.4% year-on-year growth. Exports in October totaled $64.67 billion, up 8.7% month-on-month, while imports were $57.36 billion, down 1.4% from the previous period. Vietnam recorded trade surpluses with the European Union and Japan, both up by double-digit percentages, while it faced sizable trade deficits with China, the Republic of Korea, and ASEAN. The domestic economic sector was responsible for $93.9 billion in exports and $131.76 billion in imports, while the foreign-invested sector contributed $405.3 billion in exports and $379.55 billion in imports. Major trading partners for Vietnam included the United States and China, with the former being the largest export market and the latter the biggest import market.",
  "summary": "Vietnam s merchandise trade has crossed the trillion dollar mark for the first time with imports growing faster than exports and pushing the country into a trade deficit",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}