Vietnam’s exporters gear up for recovery as new markets open
Phan Minh Thong, General Director of Phuc Sinh Group, said the firm expects revenue to rise by about 27% thanks to a stable order pipeline.
Phan Minh Thong, General Director of Phuc Sinh Group, said the firm expects revenue to rise by about 27% thanks to a stable order pipeline.
To remain globally competitive, Vietnamese garment and textile producers must increase productivity, invest in modern equipment and automation, diversify product lines, and expand into high-end, specialised markets.
Seven commodities of Vietnam posted an export value of over 10 billion USD in the first eight months of 2025, accounting for 67,8% of Vietnam's total export turnover.
In 2024, exports to the US reached over 13.7 billion USD, accounting for 22% of total sector export value. In the first four months of 2025, the figure rose to 4.34 billion USD, up 10.2% year-on-year.
According to the Department of Customs under the Ministry of Finance, Vietnam’s aquatic product exports reached $655 million in February, marking a 44.5% year-on-year increase. This brought the total for the first two months of 2025 to $1.42 billion, up 19% compared to the same period in 2024.
Businesses should fully tap the benefits brought by free trade agreements (FTAs) to which Vietnam is a signatory to promote export value and expand new markets, aiming to reduce overreliance on a single country, said insiders.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
Hanoi’s export turnover was estimated to reach 1.5 billion USD in October, bringing the figure in the first 10 months of 2024 to 15.5 billion USD, up 12.3% from the same period last year.
Vietnam has become the fifth-largest tea exporter in the world with 108,000 tonnes exported by the end of September, generating a turnover of 189 million USD.
Vietnam’s national pavilion at the High Point Market fair in North Carolina, the US, was inaugurated on October 26.
The Ministry of Agriculture and Rural Development (MARD) has set a target of reaching a stable national forest cover rate of 42-43%, focusing on improving forest quality by 2030.
The HCM City People’s Committee has decided to give interest rate subsidies for loans for priority projects to bolster the city’s socio-economic growth.
Many kinds of Vietnamese fruits are increasingly gaining access to the Northeast Asian market, contributing to fulfilling the 2024 goal of 7 billion USD in export value of fruit and vegetables.
The export value of timber and wood products hit 7.95 billion USD in the first half of 2024, up 21.2% year-on-year, and representing 52.3% of the plan set for the year, the Forestry Department under the Ministry of Agriculture and Rural Development has reported.
The export value of Vietnamese coffee to Canada reached over 4.4 million USD in the first quarter of 2024, up 12.2% compared to the same period last year.
The country's textile, garment and footwear industries have long relied on imported raw materials, causing a current trend of foreign enterprises shifting industries to other countries, said insiders.
Vietnam's coffee export value to Spain have increased by more than 100%, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
Vietnam’s rubber export value is expected to reach between 3.3-3.5 billion USD by the end of the year, forecast the Vietnam Rubber Association.