TRADE UPDATE MAR 2025: VIETNAM PROACTIVELY MITIGATES TARIFF RISKS
• Exports slowed due to seasonal factors, with February 2025 export turnover declining by 6.3% MoM. The FDI sector remained the key driverbut grew at a slower pace than the domestic sector. The trade balance reversed, ending an eight-month streak of surplus.
• Electronics and components continued to lead export-import growth, reinforcing their role as a key driver of trade activity.
• Major export markets showed positive momentum, with the U.S. (+16.4%), EU (+12.3%), and Japan (+15.0%) posting strong growth.
However, Vietnam faces increasing trade monitoring risks as importsfrom China surged.
• Vietnam is proactively seeking measures to mitigate tariff risks with the U.S. and narrow the trade balance, signaling a strategic approach
to maintaining stable trade relations.
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