Key facts
- Vietnam's trade volume reached a record $770 billion in the first eight months of the year.
- Digital technology exports increased by 41% to $22.4 billion in August.
- Exports to the U.S. reached a historic high of $126 billion in the first 10 months, a 28% increase.
- Demand for AI servers and components for semiconductor production is driving growth in electronics exports.
- Vietnam is strengthening its position in global supply chains as U.S. companies reduce reliance on China.
Vietnam's trade volume has reached a record $770 billion in the first eight months of the year, fueled by a surge in demand related to artificial intelligence and a shift in global supply chains away from China. Digital technology exports, in particular, have seen substantial growth, increasing by 41% to $22.4 billion in August.
The country is actively promoting AI, semiconductors, and other strategic technologies as new drivers for economic expansion. This focus is supported by investments in digital infrastructure, including a high IPv6 adoption rate and the development of national data platforms. The Ministry of Science and Technology is also fostering international cooperation in these fields, with recent agreements signed with Australia and Singapore.
Exports to the United States have reached unprecedented levels, with a 28% year-on-year increase to $126 billion in the first 10 months. This growth is largely attributed to strong demand for computers, electronic products, and components, driven by AI servers and semiconductor production. Other categories, such as toys, sporting goods, agricultural products, and textiles, have also experienced significant export increases to the U.S., reflecting a broader trend of U.S. companies diversifying their supply chains.