Vinh Long achieves historic 1 bln USD export milestone
The Mekong Delta province of Vinh Long has surpassed the 1 billion USD mark in export earnings for the first time, driven by a surge in industrial production this year, according to its Department of Industry and Trade.
A corner of Binh Minh Industrial Park in Vinh Long province (Photo: baovinhlong.com.vn)
Vinh Long (VNA)🔜 – The Mekong Delta province of Vinh Long has surpassed the 1 billion USD mark in export earnings for the first time, driven by a surge in industrial production this year, according to its Department of Industry and Trade.
This remarkable feat represents a 32.39% annual rise, with footwear alone contributing 55.7% to the export revenue. It is followed by auto components and parts with 14.2%, and apparel 9.6%.
The province’s Index of Industrial Production (IIP) is projected to grow by 13.84% year-on-year this year. Several industries have seen notable production hikes, including leather and related products, apparel, wood processing and products made from wood, bamboo, and rattan, beverages, pharmaceuticals and medicinal materials. The non-agricultural economy is expected to account for 63.5% of the gross regional domestic product (GRDP).
Looking ahead, Director of the provincial Department of Industry and Trade Tran Nhut Thanh said the province aims to achieve a 14.5% rise in its IIP and an export turnover of 1.05 billion USD next year, reflecting a 4.37% growth compared to 2024.
He said the province is committed to drawing investments in new, large-scale and hi-tech projects, while promptly tackling challenges and providing all possible support for investors in approved projects.
Vinh Long is enhancing trade connections with other localities to boost the consumption and value of agricultural products, as well as facilitating the expansion of retail systems by major distribution groups, including supermarkets and convenience stores, he said.
On the export front, the province is determined to strengthen its foothold in existing markets, focusing on key products such as leather footwear, apparel, seafood, and processed agricultural goods. It is proactive in updating information on market conditions, regulations, and standards in foreign markets, ensuring that local businesses can swiftly adapt their production and business plans.
Support for firms will also be guaranteed to capitalise on the opportunities presented by free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam FTA (UKVFTA), he added./.
The Mekong Delta province of Vinh Long hopes to further cooperate with Japan’s Niigata prefecture in various areas, Chairman of the provincial People’s Committee Lu Quang Ngoi said on August 5 when hosting a delegation of the prefecture led by its Governor Hanazumi Hideyo.
A conference to boost human resources connectivity between the Mekong Delta province of Vinh Long and Japan’s Niigata prefecture was held in the Vietnamese province on August 4.
Prime Minister Pham Minh Chinh has asked the Mekong Delta province of Vinh Long to fully tap its potential and advantages to become a modern and ecological province, with a development level higher than the national average.
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.
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.
