Hanoi has set a target of 7.5-8 percent in export growth in 2018 as compared to last year, which requires stronger efforts from both the industry-trade sector and businesses.
Hanoi (VNA) – Hanoihas set a target of 7.5-8 percent in export growth in 2018 as compared to lastyear, which requires stronger efforts from both the industry-trade sector and businesses.
The capital city raked in 1.04 billion USD fromexports in January, up 24 percent from the same period last year.
The revenue included 139 million USD contributedby the State sector (up 9.8 percent), 352 million USD from the non-State sector(up 16.6 percent), and 556 million USD from FDI firms (up 33.6 percent),according to the municipal Department of Industry and Trade.
All key groups of commodities posted strongyear-on-year export growth in January such as agricultural products (13.6 percent),computer components and peripheral devices (68.1 percent), transport vehiclesand spare parts (12.7 percent), machinery and spare parts (21.8 percent), glassand glass products (25 percent).
However, the sale of agricultural products toChina is facing obstacles since this market is tightening plant quarantine. Ithas also encountered strict quality and food safety requirements from the US,the EU and Japan.
Meanwhile, Hanoi’s export still depends on FDIcompanies which dominate the production of processed and manufactured productswith high added value.
Nguyen Gia Phuong, Director of the HanoiInvestment, Trade and Tourism Promotion Agency, said to help businesses expandthe export market and advertise their products, the agency has continually organisedoverseas promotion campaigns, especially the countries that Vietnam has inkedfree trade agreements with.
It has also worked toreceive foreign business delegations so as to help local craft villages andcompanies to seek partners, he added.
Nguyen Thanh Hai, Deputy Director of themunicipal Department of Industry and Trade, noted the department and the HanoiPeople’s Committee will support enterprises in terms of access to loans andmarkets, increase trade promotion in such markets as Japan, China, Hong Kong(China), and Germany, help local companies to diversify export markets.
The department also plans to push ahead withadministrative reforms, abolish unnecessary business conditions, and improveonline public services, Hai said, adding that Hanoi will pay attention topromoting products’ competitiveness, investment effectiveness, and businesses’engagement in global value chains.-VNA
More Vietnamese businesses may soon be allowed to export aquatic products to Russia this year after a Russian working group made a fact-finding tour of some Vietnamese exporters, said Trade Counsellor of Vietnam in Russia Duong Hoang Minh.
Many rice export contracts continuing from 2017 and Indonesia’s import order at the year’s beginning amid limited rice supply are positive signs for Vietnam’s rice exports.
Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1 percent for domestic yield and 1.3 percent for global consumption in 2017-18 crop.
Vietnam earned some 321 million USD from fruit and vegetable exports in January 2018, rising by 36.9 percent from the same period last year, according to the MARD.
Though Vietnam remains a big importer of textile feedstock and accessories from China, its rising exports to China is a promising sign, according to the Vietnam National Textile and Garment Group.
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.
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.
Illustrative image (Photo: VNA) 
