Vietnam’s export turnover projected to hit 535 billion USD by 2030
Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.
HCM City (VNA) - Vietnam’s export turnover is projected to record anannual average growth of 7 percent per year, hitting 535 billion USD by 2030,according to a new research by Standard Chartered issued on November 30.
The "Future ofTrade 2030: Trends and markets to watch" also forecasts that the globalexports will almost double from 17.4 trillion USD to 29.7 trillion USD over thenext decade.
Vietnam is considered an important market contributing to the growth of the globaltrade, it said.
It also found that 41 percent of global businesses currently operate or plan toinvest in Vietnam within the next five to 10 years. This shows that Vietnamwill be one of the important motivations of global trade growth in the next 10years.
The US and China willcontinue to be Vietnam's largest export markets, respectively accounting for 26percent and 19 percent of the Southeast Asian country’s total export turnoverby 2030.
According to thestudy, Vietnam is an emerging manufacturing powerhouse with expanding internationaltrading relationships.
According to MicheleWee, CEO of Standard Chartered Bank Vietnam,Vietnam’s increasing integration intothe world economy through various free trade agreements (FTAs) such as the EU –Vietnam FTA and the UK – Vietnam brings Vietnam many advantages and allows itto expand its exports, move up value chains across sectors as well as create skilled jobs.
The report, commissioned by Standard Chartered and preparedby PwC Singapore, is based on an analysis of historical trade data andprojections until 2030, as well as insights from a survey of more than 500 seniorleaders in global companies./.
The number of Vietnamese workers entering the Republic of Korea (RoK) is expected to rise, reaching 183 at the end of this month, according to the Management Board of Vietnamese Laborers in RoK.
Lenger Seafoods Vietnam Co., Ltd based in the northern province of Nam Dinh on November 22 marked the first-time export of a container of canned clams to Europe.
The textile - garment industry is expected to thrive and earn 40 billion USD in exports next year, when the COVID-19 pandemic is forecast to ease in Vietnam and the world.
The Institute of Policy and Strategy for Agriculture and Rural Development has forecast that Vietnam’s coffee export will increase in coming months on the back of growing global demand and free trade agreements.
The southern province of Binh Phuoc enjoyed a trade surplus of 1.2 billion USD in the first 11 months of 2021, according to the provincial Department of Statistics.
The Ministry of Agriculture and Rural Development (MARD) expects to exceed its annual export target for agricultural, forest and fishery products, thanks to the restoration of production and business after the COVID-19 outbreak.
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.
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.
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