TAIPEI (Taiwan News) — Taiwan-Vietnam trade surged nearly 40% in 2025 as expanding exports of information and communications technology (ICT) products and machinery parts reflected Vietnam’s ongoing industrial transformation.

According to the Vietnamese Chamber of Commerce in Taiwan, Vietnam’s GDP grew 8.02% in 2025 compared with 2024, the highest among ASEAN countries and one of the fastest globally, per CNA. The representative office noted that Taiwanese businesses have been active in Vietnam for more than 30 years, making Taiwan the country’s fourth-largest foreign investor.

Taiwan’s representative to Vietnam, Liu Shih-chung (劉世忠), told CNA that bilateral trade reached US$39.68 billion (NT$1.244 trillion) in 2025, up from US$28.30 billion in 2024. Nearly 70% of Taiwan’s exports to Vietnam were computers, ICT products, and machinery components.

In contrast to past imports of traditional manufacturing raw materials, the shift reflects Vietnam’s structural transformation and the relocation of major Taiwanese electronics firms from China to northern Vietnam. Liu said he expects the trend to continue in 2026.

In 2025, Vietnam imported over US$33 billion from Taiwan while exporting more than US$6.6 billion to Taiwan, both increases over 2024. Vietnam’s trade deficit with Taiwan exceeded US$26.3 billion, up 54% from 2024.

This made Taiwan Vietnam’s third-largest deficit trade partner after China and South Korea. Liu said trade density and structure indicate that Taiwan’s and Vietnam’s supply chains are increasingly complementary.

Despite economic volatility, Vietnam’s geographical advantages, demographic dividend and relative political and economic stability — combined with its focus on technological transformation — have reassured Taiwanese businesses. Many are actively seeking solutions and increasing investment, demonstrating strong faith in Vietnam’s potential, Liu said.