News · CafeF

Setting an unprecedented record in history, a Vietnamese sector passes 1,000 billion USD in just 10 months

Vietnam's total goods trade reached 1,010.6 billion USD in the first 10 months of 2026, up 32.3% year on year and passing the 1,000 billion USD mark, with October alone at 122.2 billion USD, up 47.6%. Exports were estimated at 499 billion USD, up 27.4%, with processing industry goods making up 87.4% of export turnover and growth recorded in both domestic and FDI sectors. October posted an estimated trade surplus of 6.8 billion USD, the second straight monthly surplus, which cut the cumulative 10-month trade deficit to about 12.7 billion USD. The Ministry of Industry and Trade is drafting a strategy to 2030 targeting export growth of 15-16% a year and import growth of 12-13% a year, and aims for Vietnam to rank among the world's top 10 countries in export and import turnover by 2045.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Thiết lập kỷ lục chưa từng có trong lịch sử, một lĩnh vực của Việt Nam vượt mốc 1.000 tỷ USD chỉ sau 10 tháng

Read the original on CafeF ↗

Keywords

exportstrade balanceVietnamVNINDEX

Open a keyword to see other news on the same topic.

Related tickers and likely impact

VNINDEX

▲ Likely positive

Relevance: low

MarketVietnam stocks
Close on 10/29/20261,755.61
Change that session-0.62%
VNINDEX price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Vietnam's import-export turnover tops US$1,000 billion for the first time

    As of 29/10, Vietnam's goods import-export turnover reached about US$1,001.3 billion, surpassing US$1,000 billion for the first time with more than two months left in the year. Exports reached about US$493.6 billion (up 27.2%) and imports US$507.6 billion (up 37.6%), with the FDI sector accounting for about US$778 billion. The top three product groups, namely computers and electronics, phones and components, and machinery and equipment, totaled about US$532 billion, up 49%. October's trade surplus was estimated at US$6.8 billion, the second straight monthly surplus, bringing the 10-month cumulative trade deficit down to about US$12.7 billion. Vietnam ranks 18th globally in exports and 20th in imports, and second in ASEAN behind Singapore in goods trade volume.

    CafeF·▲ VNINDEXexportsVietnamtrade balance
  • Trade turnover tops $1,000 billion for the first time

    Vietnam's total goods trade reached about $1,001 billion as of October 29, according to the Customs Department, the first time it has passed the $1,000 billion mark. Exports were about $493 billion (up 27.2%) and imports nearly $508 billion (up 37.6%), leaving a trade deficit of about $14.02 billion. Foreign-invested enterprises drove growth with about $778 billion in trade (up 37%), while domestic firms reached about $223 billion (up 16%). Customs expects full-year exports to rise more than 25%, above the government's 15–16% target, while the Ministry of Industry and Trade's draft strategy to 2030 sets export growth of 15–16% a year.

    VnExpress·▲ VNINDEXexportsVietnamtrade balance
  • Choosing the right breakthrough to reach a growth target of 10% or higher

    Phan Van Mai, chair of the National Assembly's Economic and Financial Committee, said reaching a growth target of 10% or higher in 2027 depends on choosing the right breakthrough and improving implementation, productivity and economic self-reliance. The committee's review says growth is high but its foundations are weak: the four largest localities, which account for nearly 47% of national GRDP, are all expected to miss their 2026 targets. Exports rose 24.5% while imports rose 36.7%, leaving a trade deficit of US$19.42 billion. Average CPI for nine months rose 4.52%, and credit growing faster than deposit mobilization added pressure on macroeconomic stability. Public investment disbursement reached 62.9% of plan, but 37% of disbursed funds were unrecovered advances. The report urged the government to set clear responsibilities, deadlines and outputs.

    CafeF·▲ VNINDEXVNINDEXGDP growthinflation
  • Vietnam's Q4 economy: Accelerating but not complacent on inflation

    Vietnam's GDP grew 9.01% in the first nine months and 9.95% in Q3, but reaching the full-year target of 10% or more will require strong Q4 growth. FDI disbursement reached $21.07 billion in nine months, up 12.1%, while public investment disbursement hit 62.9% of the Prime Minister's plan. Retail sales of goods and services rose 13.4% in nine months, or 7.8% excluding price effects. Exports reached $434.3 billion, up 24.5%, but imports rose 36.7%, producing a goods trade deficit of $19.42 billion; the FDI sector accounted for 80.7% of exports. ADB's Bùi Minh Giáp stressed raising domestic value added, disbursement efficiency and inflation control, but the source's section on monetary policy is incomplete.

    CafeF·▲ VNINDEXGDP growthinflationexports
  • China GDP beats forecasts as export boom offsets weak demand

    China's third-quarter GDP grew 4.5%, beating the 4.4% forecast and rebounding from three-year lows, as a surge in exports offset weak consumer spending and a prolonged property downturn. Growth in the first nine months was 4.6%, and analysts expect Beijing to meet its 4.5% to 5.0% target for 2026 without additional stimulus. However, September retail sales rose only 1.1% from a low base, fixed-asset investment fell 7.2% in January–September, and exports rose by more than a third, deepening reliance on overseas demand. ANZ and Societe Generale warned that trade tensions and weak household consumption pose risks to growth. The yuan rose to its strongest level since July 2022 after the data.

    hongkongherald.com·▲ AUD/USD▲ NZD/USD▲ VNINDEX• DXYGDP growthChinaexports
  • Economic Watch: China economy sustains growth as innovation, openness gain ground

    Official data released Monday showed China's GDP grew 4.6 percent year on year in the first three quarters, with third-quarter growth at 4.5 percent, up from 4.3 percent in the second quarter. The economy added 5.7 trillion yuan (about 851.9 billion U.S. dollars) in output over January to September, the largest increase for that period in five years, while September industrial output rose 5.5 percent. Experts quoted by Xinhua, including the IMF's Rodrigo Valdes, credited China's resilience, low interest rates, high savings and a not-fully-open financial account for limiting risks, and said growth within the 4.5 to 5 percent range reflects strong economic foundations. The article also highlights innovation-driven trade: exports of industrial robots, electronic components and electrical equipment exceeded 10 trillion yuan, up 58.9 percent, while integrated circuit exports surged 99.1 percent.

    australianherald.com·▲ VNINDEXChinaGDP growthexports

Related markets

Vietnam stocks →

Latest news

  • Ukraine aid could cost EU at least 35 billion euros in interest; four countries object

    The European Commission estimates the EU budget will need at least 35 billion euros (about $40.6 billion) over the next seven-year cycle to cover interest on loans tied to the 90 billion euro support package for Ukraine. Total interest could reach 41.9 billion euros (about $48.6 billion) if rates rise by one percentage point. An EC official said the joint budget has enough fiscal room, but the specific source of funding for these costs has not been clearly identified. The package, agreed in late 2025, covers Ukraine's needs for 2026-2027, and since 2014 the EU has provided about 171 billion euros (about $198.4 billion) in loans, mostly disbursed since 2022. The issue will be discussed at a special EU summit in Brussels on November 26-27, where Hungary, Czechia, Slovakia and Bulgaria reportedly oppose bearing interest costs on any new loans to Kyiv.

    CafeF·▼ EUR/USDUkraineEuropebudget
  • Considering electricity price cuts and a special consumption tax cut on gasoline from 01/11/2026

    On 27/10/2026, Deputy Prime Minister Nguyễn Văn Thắng chaired a meeting on gasoline and electricity price management scenarios, attended by the Ministries of Finance and Industry and Trade, the Government Office, and the CEO of EVN. The Deputy PM directed EVN to review and cut costs to propose a reduction in the average retail electricity price, applicable from 01/11/2026 to 31/03/2027, with the Ministry of Industry and Trade to provide its opinion. The Ministry of Finance was tasked with reviewing a proposal to cut the special consumption tax on all gasoline types to 0% over the same period, with a report to the competent authority due before 01/11/2026.

    CafeF·▼ NT2▼ POW▼ PPC▼ PLXfuel priceselectricitytaxes
  • Nvidia's web of AI bets: smart strategy or bubble risk?

    Nvidia's $3 billion investment in Meta's share sale adds to a growing portfolio of stakes, loans and guarantees that some analysts say has made it the central bank of the AI boom. Its stakes include OpenAI, Anthropic, xAI, neocloud providers CoreWeave and Nebius, and partners in Europe and Asia. Nvidia committed to buy up to $6.3 billion of unused CoreWeave computing capacity and, according to US media, holds about $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center. MIT's Michael Cusumano says its huge profits leave few better options, while Gil Luria of D.A. Davidson calls the approach unprecedented but says it "appears to be working." Some doubters still ask whether the deals are inflating an AI bubble.

    Yahoo Finance·• NVDANVDAartificial intelligenceAI investment
  • ServiceNow Stock Just Plunged More Than 20% in a Single Day. Here's What It Did After Its Other Biggest Drops.

    ServiceNow shares fell about 25% to near $112 on Thursday after its third-quarter report, on track for their worst day since the company went public in 2012. Subscription revenue rose 21% to $3.99 billion and beat guidance, but the outlook disappointed, with fourth-quarter cRPO growth guided at just 18.5%. Management says much of the slowdown reflects early renewals in the third quarter that pulled deals out of the fourth, and expects fourth-quarter subscription revenue to grow 21.5% in constant currency. The stock has often recovered from past sharp drops, though it kept sliding after the January 2025 and December 2025 declines. At around 23 times expected 2027 earnings, the stock is now much cheaper than the roughly 30 times of the previous day.

    Yahoo Finance·▼ QQQServiceNowsoftwareearnings
  • Intel plunges on a major guidance miss. What went wrong — and how to proceed

    Intel's third-quarter revenue rose 21% year over year to 16.513 billion USD, slightly above the LSEG consensus of 16.496 billion USD, while non-GAAP EPS more than doubled to 52 cents against an estimate of 40 cents. However, its guidance showed heavy dependence on the struggling PC market, and the shares fell sharply after hours. PC sales fell 5% year over year but still account for more than half of the CCPG + DCAI products group's revenue and about 43% of Intel Products' operating income. Surging memory prices and limited manufacturing capacity are pressuring the PC market; CEO Lip-Bu Tan said demand for 2027 is significant, while CFO David Zinsner estimated a 300 million USD impact in the fourth quarter, likely similar in the first quarter. The article says analysts will need to revise estimates downward for several quarters, the rating is under review, and the price target is cut to 100 USD.

    CNBC·Intelearningssemiconductors
  • The Humanoid Robot Market Could Be Worth More Than $7 Trillion. Here Are 3 Stocks to Own.

    The article argues humanoid robots are coming soon, citing Morgan Stanley's estimate of as many as 1 billion on the planet by 2050, when the market could be worth as much as $7.5 trillion. It highlights three stocks tied to the theme. Mobileye Global (MBLY) announced early this year a $900 million acquisition of humanoid developer Mentee, with mass production and commercialization expected to begin in 2028. Qualcomm (QCOM) unveiled its Dragonwing IQ10 chipset for general-purpose robots in January, which humanoid developer Figure is already using. Tesla (TSLA) is developing the Optimus humanoid robot, which CEO Elon Musk believes could become its best-selling product.

    Yahoo Finance·▲ NVDA▲ TSLAhumanoid robotsTSLAsemiconductors

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.