TEHRAN - Iran has the potential to export around $4 billion worth of goods to Vietnam and is targeting $2 billion in exports as an initial step toward establishing a stronger and more diversified presence in the Southeast Asian market, Iran’s commercial counselor in Vietnam said.
Mohsen Rezaeipour said Iran has significantly diversified its export basket to Vietnam over the past two years, expanding it to around 45 tariff lines and opening new opportunities for products ranging from dairy products, apples and foodstuffs to medical equipment, bitumen and higher-value industrial goods.
He said Vietnam has emerged in recent years as one of the most dynamic and rapidly growing economies in East and Southeast Asia, supported by a population of more than 100 million, a strategic geographical position, numerous trade agreements and extensive integration into global production chains.
Vietnam’s nominal gross domestic product reached around $514.7 billion in 2025, he said, adding that the country recorded GDP growth of 8.02%, one of the highest rates among the world’s major and medium-sized economies, and ranked 33rd globally.
Rezaeipour said Vietnam’s developed manufacturing infrastructure, ports and extensive network of trade agreements — including 17 free trade agreements with other countries — mean the country could also serve as a gateway for Iranian products into ASEAN and wider East Asian markets.
Vietnam’s total foreign trade increased from around $786 billion in 2024 to approximately $930 billion in 2025, with exports reaching around $475 billion and imports standing at about $455 billion, he said.
“These figures show that Vietnam is a very large and highly competitive market on a global scale,” Rezaeipour said, adding that an effective Iranian presence requires diversification of exports, greater emphasis on value-added products, detailed knowledge of market demand, sustained participation by Iranian companies in Vietnamese exhibitions, and improvements in transport and banking infrastructure.