Business

Exports by FDI, domestic sectors expected to rebound: official

The export of products of the foreign direct investment (FDI) and traditional products of domestic enterprises are expected to rebound this year, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has said in a recent interview with the Vietnam News Agency (VNA).
Exports by FDI, domestic sectors expected to rebound: official ảnh 1Processing pangasius fillet products for export at Tran Han Co., Ltd. (Photo: VNA)
Hanoi (VNA) – The export of products of the foreign direct investment (FDI) and traditional products of domestic enterprises are expected to rebound this year, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan has said in a recent interview with the Vietnam News Agency (VNA).

The official revealed that the number of export products logging over 1 billion USD in turnover each has increased over the years and accounts for a significant proportion of the country's total export value. There were only 23 commodities with export earnings of over 1 billion USD in 2013, and the figure increased to 29 in 2018 and 35 in 2023.

In 2024, the global and domestic economic situation has boded well for trade activities. The country’s efforts to enhance negotiations and diversify export markets are likely to provide a competitive edge for its overseas shipments in the time to come, said Tan.

According to the deputy minister, Vietnam is increasingly playing a vital role in the global supply chain for electronic products. Many major corporations such as Samsung, Apple, and Intel have chosen the country to establish large-scale manufacturing centres serving their exports worldwide. Recently, the sale of electronic products abroad has posted robust growth, contributing significantly to the total export turnover. Vietnam is also witnessing an influx of investment shifting from semiconductor businesses.

The production and export development of high-tech products have been included in the country’s import-export strategy towards 2030. Particularly, the government has implemented comprehensive programmes to attract investment, improve the business climate, develop supporting industries, and enhance the quality of human resources serving better value-added of the exports.

The deputy minister said that to capitalise on these opportunities, enterprises need to innovate manufacturing activities, improve product quality, and closely align production with consumer demand. Additionally, they must research and adopt new technologies, while promoting automation to reduce production costs.

He noted the Ministry of Industry and Trade, as the leading agency in managing and overseeing trade, will continue to monitor market developments to provide suitable advice and recommendations, and will organise regular trade promotion conferences with Vietnam's trade missions abroad.

Furthermore, the ministry is working to accelerate efforts to conclude negotiations for the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE). Also planned are the conduction of diverse promotion events to introduce the advantages and incentives brought about by free trade agreements (FTA).

It will also develop logistics services and push for sustainable border trade by promoting exports through official channels, the deputy minister added./.
VNA
#Exports by FDI #domestic sectors #rebound #Nguyen Sinh Nhat Tan #trade activities #Vietnam News Agency #vietnamplus Vietnam
Follow VietnamPlus

Related News

Durian emerging as 'golden fruit' among Vietnam's exports

Durian emerging as 'golden fruit' among Vietnam's exports

Vietnam is striving to further assert its durian export position and join the billion-dollar export industry with the current advantages in hand, coupled with efforts to better the fruit quality. The country is working hard to tap the potential and expand global reach for the sector.
Footwear exports see promising signals

Footwear exports see promising signals

With orders secured for the second quarter, activities are in full swing in many leather and footwear production plants, bringing about the hope for a year of buoyant exports.

See more

Commercial Counsellor at the Vietnamese Embassy in China Nong Duc Lai (Photo: VNA)

Vietnam-China trade growing rapidly, substantive: Commercial Counsellor

According to the Vietnam Customs data, bilateral trade hit 253.1 billion USD in the first nine months of this year, up 37.6% annually. Vietnam’s exports to China rose 32.9% to 65.8 billion USD while imports climbed 39.3% to 187.3 billion USD. China accounted for around 41.3% of Vietnam’s imports and 15.2% of its total exports.

Vietjet Air leaders and flight crew pose for a photo with guests at the launch ceremony. (Photo: VNA)

Vietjet launches Prague–Hanoi route

Vietjet Air operates the Prague–Hanoi route twice a week using Airbus A330-300 aircraft with a capacity of 377 passengers. Flights depart Prague at 8:55 p.m. every Tuesday and Saturday and arrive in Hanoi at 4:20 p.m. the following day, local time. In the opposite direction, flights leave Hanoi at 8:25 a.m. and arrive in Prague at 6:55 p.m. The route includes a stop in Almaty, Kazakhstan.

At Yen Phong II-C Industrial Park in Bac Ninh province (Photo: VNA)

Tax policy stability now key to keeping foreign investors: Officials

Companies must ensure records and data truthfully reflect the substance of transactions and engage in dialogue early when complex issues arise. Tax authorities, in turn, need to publish policies, give clear guidance, enforce rules consistently and deliver information in a timely manner.

The MoU signing ceremony between the gency for Domestic Market Surveillance and Development and Procter & Gamble (P&G). (Photo: Ministry of Industry and Trade)

Vietnam steps up fight against counterfeits, IP violations

The renewed memorandum between Vietnam's domestic market surveillance force and Procter & Gamble (P&G) is expected to build on the results achieved since 2023, strengthen IP enforcement, safeguard the legitimate rights and interests of businesses and consumers, and contribute to a more transparent and fair business environment.

A Jatropha cultivation area of Star Japan Co., Ltd in My Son commune, Khanh Hoa province (Photo of Star Japan Co., Ltd)

Vietnam – a potential regional supply hub for Jatropha seed oil

Japan’s research on non-edible oil feedstocks showed that Jatropha is highly drought-tolerant and could grow well on wasteland, eroded sandy land and infertile soil. Given this, areas in central Vietnam, including Ninh Thuan, Binh Thuan and the Central Highlands, have climatic, sunlight and soil conditions suitable for achieving high seed yields and oil content.

Officials launch the Expo Platform on September 29. It will be officially put into use on October 20, two days before the opening of HCMC Export 2026. (Photo: VNA)

Technology opens new routes for Vietnamese exports

As global markets impose increasingly stringent requirements on standards, traceability, sustainability and green transformation, digitalising product data and bringing buyers closer to production sites can help Vietnamese businesses demonstrate their capabilities and meet market-specific requirements.

Phuong Dinh Anh, Deputy Chief of the Office of the Central Coordination Office for the National Target Programme, speaks at the event.( VNA)

Turning OCOP products into rural tourism experiences

Experts stressed that rural tourism can develop sustainably only when local communities actively participate and benefit from it. Investment in transport, accommodation and attractions must go hand in hand with clean water, waste treatment, hygiene, traditional craft preservation and environmental protection.

Prime Minister Le Minh Hung and his Cambodian counterpart Hun Manet witness the exchange of cooperation agreements between businesses of the two countries (Photo: VNA)

Vietnam, Cambodia look to elevate economic links

Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

An overview of the meeting (Photo: chinhphu.vn)

Deputy PM calls for tighter price management of essential goods

Deputy PM Thang, who is also head of the committee, urged ministries and agencies to coordinate closely to deliver effective fiscal and macroeconomic policies. The aim is to control inflation, stabilise the macroeconomy, ensure major economic balances, create room to support growth and bolster the economy’s resilience to external shocks.

Khanh Binh International Land Border Gate in An Giang province.( Photo: VNA)

Vietnam-Cambodia trade gathers pace towards 20 billion USD target

After setting a record of more than 11.3 billion USD in 2025, bilateral trade reached about 8.7 billion USD in the first eight months of 2026, up 8.3% year on year. Vietnam is currently Cambodia’s third-largest trading partner, its second-largest source of imports and second-largest export market.

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.