Hanoi (VNS/VNA) - The Ministry of Industry and Trade is developing a roadmap for negotiations and signing of free trade agreements (FTAs) in the rest of the year that must be reported to the Prime Minister within this month.
The task is part of the Resolution No 124/NQ – CP issued after the Government’s regular April meeting.
Amid volatile, complicated and unpredictable global situation coupled with domestic challenges, the Government asked for drastic efforts to be taken to expand markets, diversify export products and supply chains and well as timely provide information support to enterprises.
This means the Ministry of Industry and Trade must gear up negotiation preparations for FTAs in 2025.
Trade negotiations with the US must be accelerated together with promoting Vietnam’s participation in the expanded Information Technology Agreement (ITA2) and open the door for the technology products from the US.
Trade promotions must be enhanced to boost exports to potential markets such as the Middle East, North America, Latin America, India, Egypt and Pakistan.
The ministry must also strengthen trade defence measures and coordinate closely with relevant ministries and localities to monitor and inspect the production and distribution of food, pharmaceuticals and functional foods. Violations related to counterfeit or substandard goods must be handled strictly in accordance with the established laws.
Updates from the General Statistics Office show that exports totalled 140.34 billion USD in January to April, up 13% over the same period last year.
To date, Vietnam has signed 16 FTAs with over 60 of the world’s major markets and three are under negotiation./.
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Vietnam's export structure in 2024 has shown a positive shift, with a reduction in raw exports and increased participation of Vietnamese products in global supply.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
