Though exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said.
HCMCity (VNS/VNA) - Though exports remain strong, several sectors facedifficulties due to the COVID-19 pandemic and require support from theGovernment if they are to sustain the growth, experts said.
Vietnamis benefiting from the disruption of global supply chains, and manufacturersare seeking to diversify supply, including from Vietnam.
Globaldemand is recovering and this is an opportunity for Vietnam to boost itsexports of consumer and industrial products, according to the Ministry ofIndustry and Trade.
Itforecast Vietnam's foreign trade to remain robust as free trade agreements aregradually being implemented in a more comprehensive and effective manner.
TheComprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU-VietnamFree Trade Agreement (EVFTA) and the UK-Vietnam Free Trade Agreement willcontinue to smooth the way for Vietnamese goods to enter partner markets withpreferential tariffs.
YetPham Xuan Hong, Chairman of the Ho Chi Minh City Association of Garment,Textile, Embroidery and Knitting, said he remains worried since some membershave had to suspend production since they are in a lockdown area or theirworkers are isolated for living in such areas.
“Though[the impact] is not too serious yet, there is cause for worry since we do notknow when the pandemic would be controlled. If social distancing is prolonged,it will definitely affect export orders signed with foreign partners.”
TruongDinh Hoe, Secretary of the Vietnam Association of Seafood Exporters andProducers (VASEP), said he has petitioned the Ministry of Agriculture and RuralDevelopment to resolve the problem of lack of containers for exports and reducethe growing freight rates.
InApril freight for a 40-foot container to the west coast of the US was around 5,000USD, but now it is more than 10,000 USD. It used to be less than 1,000 USD duringpre-pandemic times
Freightrates to Europe are also at high levels of 7,000-8,000 USD.
TranVan Linh, Chairman of the Thuan Phuoc Seafood and Trading Corporation, saidthat marine transportation fees were at unreasonably high levels butimport-export companies like his had to accept them.
Cancellationof orders or failure to deliver in time would undermine the company’s prestigeand efforts to find customers in future.
TruongTien Dung, Director of the Sai Gon Aquatic Products Trading Joint StockCompany, said despite the increase in transport costs, it would be impossibleto negotiate increases in products prices because COVID has caused consumers inplaces like the US and the EU tighten their purse strings.
Butthe high transport costs are eating into companies’ profits, and not just theseafood sector but also others’ exports would be hit hard, he warned./.
Vietnam raked in 157.63 billion USD from exports in the first six months of the year, a year-on-year surge 28.4 percent. In the period, 25 commodities were added to the country’s “one-billion USD” club, which comprises exports with turnover of more than 1 billion USD.
Vietnam’s shrimp export revenue in June hit nearly 402 million USD, bringing the six-month figure to 1.7 billion USD, up 13 percent year-on-year, reported the Vietnam Association of Seafood Exporters and Producers (VASEP).
The export turnover of the southern province of Kien Giang reached over 380 million USD in the first half of this year, meeting 50.7 percent of the year’s target and up 11 percent compared to the same period in 2020.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Illustrative image (Photo: VNA) 
