Vietnam recorded its eighth consecutive monthly trade deficit in July as
factories expanded capacity and imports surged. July exports rose 25% YoY to
$53.1bn, broadly in line with economists' 25.5% forecast, while imports climbed
41.4% YoY—above the 36.7% consensus—producing a $3.59bn deficit. Data show the
US remained Vietnam's largest export market in the first seven months of 2026,
with Vietnam's trade surplus with the US up 22.6% to $91.4bn; the
export-dependent economy is facing renewed pressure from US tariff policy.
