Workers load goods for export in Binh Chanh District for the HCM City Food Company. Photo: VNA
The Ministry of Industry and Trade (MOIT) has set an export turnover target of 181.5 billion USD for 2016, a 10 percent increase compared with 2015.
The growth rate has been set in the ministry's report on development targets for industrial production and trade activities in 2016.
In the first eight months of this year, the export turnover touched 106.3 billion USD, which was lowered than expected due to a strong decrease in the demand for agricultural, seafood and mineral products.
The foreign direct investment (FDI) sector has been the main momentum for growth, with an export turnover of 74.6 billion USD, up 14.7 percent, while Vietnamese firms contributed 31.7 billion USD, down 2.3 percent. These figures show that local firms still face difficulties.
The ministry said the country should continue to promote market expansion and exports to achieve the target set for 2016.
MOIT will focus on diversifying markets to reduce the risks from depending on some markets, while continuing the negotiations to penetrate new markets.
Vietnamese agricultural and seafood products will need tax reduction and the removal of unnecessary trade and technical barriers to get favourable conditions for exports.
The ministry will raise awareness on the signed free trade agreements in specific sectors. In addition, it will provide information about the negotiations on other FTAs to help businesses take advantage of the opportunities for higher export turnover.
It said the relevant agencies should implement administrative reforms and improve the business environment to facilitate firms' production, trade and exports. Exporters have been asked to actively co-operate with associations as well as large firms in the processing sector and FDI companies to exchange information on exports. This could help to quickly resolve the difficulties faced by domestic businesses.
The ministry had earlier set an export target of 160.3 billion USD for 2015.-VNA
Ho Chi Minh City is supporting exporters to expand their markets by holding trade and investment promotion activities in the remaining months of this year.
Agro, fishery and forestry export turnover in the first 8 months of this year decreased by 4.8 percent over the same period last year to 19.31 billion USD.
China is a promising market for Vietnamese seafood exporters despite difficulties and challenges, experts said at a recent conference in Ho Chi Minh City organised by the VASEP.
Vietnam witnessed a trade surplus of 14.56 billion USD with the US in the past seven months, according to the latest statistic from the General Department of Customs.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
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.
Workers load goods for export in Binh Chanh District for the HCM City Food Company. Photo: VNA
