Insiders make suggestions to maintain sustainable export growth
Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth, according to insiders.
Hanoi (VNA) – Vietnamese enterprises should take advantage of onlinemarketing channels, re-arrange production and business orientations andstrategies, and bring into full play advantages brought by free tradeagreements if they want to achieve sustainable export growth, according toinsiders.
Statistics of the Ministry of Industry and Trade (MoIT)shows that Vietnam’s import-export value reached 95.8 billion USD in the firsttwo months of 2021, up 24.5 percent year-on-year. Of the total, exports werevalued at 48.55 billion USD, up 23.2 percent, and imports 47.26 billion USD, up25.9 percent.
During January-February, Vietnam enjoyed a trade surplus of1.29 billion USD, down from the 1.8 billion USD seen in the same period lastyear. The domestic sector posted a trade deficit of 4.14 billion USD, while theFDI sector, including crude oil, saw a trade surplus of 5.43 billion USD.
At the Government’s February regular meeting, MoIT MinisterTran Tuan Anh set a target of 4-5 percent in export growth in 2021.
To that end, MoIT Deputy Minister Cao Quoc Hung said thatthe ministry is considering a new strategy on import-export activities in thecoming time to be submitted to the Prime Minister for issuance.
In addition, the ministry will continue engaging in negotiationsand perfecting relevant institutions on free trade agreements (FTAs), includingissues related to the rule of origins so as to help business better optimize advantagesof the agreements.
It will also consolidate and expand export markets, bringinto full play opportunities brought about by existing FTAs, diversify importand export markets, diversify exported products, increase the competitivenessof exported products, and develop brands so as to achieve sustainable exportdevelopment, Hung added./.
The US was the largest market of Vietnamese agro-forestry-fishery products in the first two months of the year, with 2.04 billion USD, up 57.3 percent year on year and accounting for 33.05 percent of the total market share.
Positive signs have been seen in shrimp exports since the beginning of this year and alongside a host of favourable conditions regarding market demand, the target of earning 4 billion USD from exports has been deemed “within reach”.
Wood and wooden product exports in the southern province of Binh Duong fetched 5.6 billion USD in 2020, accounting for 47.3 percent of the nation’s total wood export value, according to the Binh Duong Furniture Association (BIFA).
The Taiwan Food and Drug Administration (TFDA) has announced a list of 697 Vietnamese fishery companies meeting the conditions for export to Taiwan (China).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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.
Tra fish processed for export (Photo: VNA) 
