Hanoi (VNA)ꦉ - Sustainable growth of industrial exports was featured at a seminar held in Hanoi on November 5.
Speaking at the event, Deputy Minister of Industry and Trade Tran Tuan Anh attributed the sustainable industrial export growth over the past time to a solid manufacturing base, the stable socio-economic environment, and business incentives.
Deputy Director of the Ministry of Industry and Trade’s Export-Import Department Tran Thanh Hai said processed industrial goods accounted for 78.8 percent of the country’s total exports as of early October, mostly contributed by phones and spare parts, garment, footwear, computers and accessories, and transport vehicles.
He said FDI inflows, predominantly in industry, as well as efforts to become part of the global supply chain are propelling the exports of industrial goods.
He, however, also described globalisation and FTA deals as factors to fuel competition between local producers and foreign rivals.
Non-tariff barriers will not support Vietnamese products in the battle against high-quality and low-cost imports, he said.
The underdeveloped support industry cannot help domestic firms become self-sufficient in manufacturing and export materials.
Challenges in quality, prices, design and resilience to market movements are testing local firms’ capacity, said Deputy General Director of Red River Garment Company Bui Viet Quang.
Vu Van Thanh, Deputy General Director of the Hoa Sen Steel Sheet Corporation, called for more support from the State and the ministry, like intensive training in trade defence and competition laws for businesspeople.
The Vietnamese embassies and commercial offices abroad should closely oversee and protect legitimate rights of domestic firms in doing business with foreign rivals, he added.
The event was co-hosted by the MoIT and Cong thuong (Industry & Trade) newspaper.-VNA
Low tech production and exports largely based on natural resources aroused concerns from economists at a workshop held in Hanoi on May 24, who called for new model of economic development after three years joining the World Trade Organisation.
Vietnam has continuously enjoyed a growth in its industrial export of between 15-20 percent over the past decade but its products accounted for only 0.74 percent of the global market.
The EU-Vietnam Free Trade Agreement (EVFTA), which is under negotiation, is to pose a number of challenges to staple agricultural and industrial exports of Vietnam.
The Vietnamese economy, facing a lot of difficulties though, managed to secure a relatively stable growth driven by industrial exports, the Vietnam Business Forum Magazine (VBF) reported.
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.
Illustrative image (Photo: VNA)
