"Billion-dollar” exports items see revenue fall in January
Vietnamese “billion-US dollar” exports items brought home only 19 billion USD in January, a year-on-year fall of 14.3 percent, according to the latest data from the General Statistics Office of Vietnam.
Shipments of garment and textiles falls 21 percent year-on-year to 2.6 billion USD in January. (Photo: VNA)
Hanoi (VNA) – Vietnamese “billion-US dollar” exports items broughthome only 19 billion USD in January, a year-on-year fall of 14.3 percent,according to the latest data from the General Statistics Office of Vietnam.
The strongest decline was seen in the shipments of garment and textiles (down 21percent to 2.6 billion USD), and telephone and components (down 22.4 percent to2.6 billion USD).
Notably, several agricultural products such as seafood,coffee, cashew, rubber, rice and pepper, among others also experienced a plungein their revenue in the first month of the year.
Nguyen Dinh Tung, General Director of Vina T&T Group - a Vietnamese fruitexporter, said that although his firm has received stable orders, formidablechallenges are ahead as China, a key importer of Vietnamese fruits, hastightened quality norms and demanded origin traceability, making it difficultfor Vietnamese exporters to access the market.
Furthermore, China officially recommended halting trade exchange between its Guangxiand Yunnan provinces and border localities of Vietnam until February 10 as thecoronavirus is spreading.
The Ministry of Industry and Trade’s Foreign Trade Agency said trade flowthrough Vietnam-China border gates will be critically affected by the virusoutbreak; therefore, local businesses should outline measures to have suitablegoods delivery modes, seek new markets or promote consumption domestically.
According to insiders, export revenue of garment and textile, footwear,electronic products dropped in the month due to the week-long Tet holiday.
General Director of May 10 Corporation Than Duc Viet said that despite stableorders for the first half of the year, businesses should stay prudent with themarket instability, pay due attention to consumption trend, while seeking newmarkets so as to realise their export targets.
As for the leather, footwear and handbag sector, thetarget of 24 billion USD in export turnover is achievable for the whole year asmany foreign customers still choose Vietnamese products, according to Chairmanof the Vietnam Leather, Footwear and Handbag Association Nguyen Duc Thuan./.
The footwear and handbag industry aims to reach export revenue of 24 billion USD in 2020, after hitting 22 billion USD last year, the industry association said.
The Import-Export Department under the Ministry of Industry and Trade has urged firms to closely monitor the export of agricultural products to China to prevent goods getting stuck at border gates before and after the Lunar New Year (Tet) holiday.
To take advantage of free trade agreements and expand exports, meeting rules of origin is crucial for the garment and textile sector, industry insiders have said.
Shrimp exports to Australia increased strongly in 2019, expanding at a two-digit growth rate, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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.
Shipments of garment and textiles falls 21 percent year-on-year to 2.6 billion USD in January. (Photo: VNA) 
