Business

Hanoi’s export revenue set to increase by 5 percent

Hanoi expects to raise its export revenue by 5 percent this year, the municipal Department of Industry and Trade has said.
Hanoi’s export revenue set to increase by 5 percent ảnh 1Hanoi’s export revenue set to increase by 5 percent. (Photo: VNA)
Hanoi (VNA) – Hanoi expects to raise itsexport revenue by 5 percent this year, the municipal Department of Industry andTrade has said.

Tran Phuong Lan, acting director of the department,said her agency will enhance trade promotion, thereby effectively implementingthe city’s plan on international integration in 2021-2025.

Apart from the plan, Hanoi will also work tomaterialise the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA).

Last year, despite impacts of the COVID-19 pandemic, theservice sector still expanded 2.71 percent year-on-year. Notably, export wasseen as a silver lining, with turnover of 16 billion USD, up 0.9 percent fromthe previous year.

To assist local exporters, the municipal People’sCommittee has taken solutions, focusing on improving competitiveness andadaptiveness of enterprises in the new situation and finetuning administrativeprocedures.

Hanoi will also strive to better implement monetarypolicies, connect labour demand and supply, and attract investments ininfrastructure and services to boost production and export.

It will step up coordination with ministries,agencies, embassies and commercial affairs offices of Vietnam and foreign countries,cities and provinces in trade promotion, while supporting businesses to accessmarkets, loans and technologies.

Economists said to raise export revenue by 5 percent,Hanoi should intensify trade promotion and improve its capacity to respond tointernational trade remedies and disputes.

It needs to increase tools and measures to manageimports in accordance with commitments in free trade agreements (FTAs), theysaid, suggesting tools regarding tariffs, non-tariffs, environment and corporatesocial responsibility.

Meanwhile, enterprises should work harder to raiseproduct quality and competitiveness, build brands and improve personnel qualityto meet requirements of international economic integration, the said./.
VNA
#Hanoi #export revenue #international integration #Vietnam #Vietnam news #Vietnam News Agency #Vietnamplus Ha Noi
Follow VietnamPlus

Related News

Vietnam looking to expand export to Eurasian market

Vietnam looking to expand export to Eurasian market

Being flexible in accessing distribution systems, overcoming logistical difficulties and making good use of free trade agreements (FTA) are important factors for Vietnamese goods to better access the Eurasian market in the coming time, said insiders.
HCM City seeks ways to support exporters, importers

HCM City seeks ways to support exporters, importers

Export revenue recorded by businesses in Ho Chi Minh City reached 44.9 billion USD last year, up only 1 percent from 2020, partially due to impacts of the COVID-19 pandemic, heard a conference jointly held by the US Agency for International Development (USAID) and the municipal Department of Industry and Trade on January 18.

See more

Vietnamese Minister of Construction Tran Hong Minh and Korean Minister of Land, Infrastructure and Transport Kim Yun-duk hold talks on April 21 in Hanoi. (Photo: The Courtesy of the Ministry of Construction)

Vietnam, RoK step up cooperation in transport infrastructure

Minh noted that in transport, the RoK is currently Vietnam’s second-largest bilateral donor. Since 1996, the Korean Government has provided significant capital for Vietnam’s transport infrastructure, with nine projects completed to date, totalling over 1 billion USD, and six others underway worth nearly 600 million USD.

Illustrative image (Photo: VNA)

Technology bolsters growth confidence among Vietnam’s small businesses

The survey also indicates that this growth is expected to continue into 2026, with 89% of Vietnamese small businesses planning to expand operations. This outlook is fueled by a strong emphasis on embracing technology, expanding e-commerce, and enhancing corporate governance capabilities.

Fuel prices see a sharp decline in the latest adjustment. (Photo: VNA)

Fuel prices continue sharp drop in latest adjustment

The price of E5RON92 biofuel is capped at 21,934 VND (0.83 USD) per litre, down 658 VND per litre from the previous level, while RON95-III gasoline now costs no more than 23,042 VND per litre, a decrease of 719 VND per litre.

1st floor, No. 05 Ly Thuong Kiet Street

Notice of Office Auction in Hanoi

The Office of the Vietnam News Agency will conduct an auction for office leasing at No. 05 Ly Thuong Kiet street, No. 79 Ly Thuong Kiet street, No. 33 Le Thanh Tong street, and No. 11 Tran Hung Dao street in Cua Nam ward, Hanoi.

The opening ceremony of the Mining & Construction Vietnam 2026 exhibition. (Photo: VNA)

Expo promotes smart mining and green construction solutions in Vietnam

Mining & Construction Vietnam 2026 showcases a wide range of new technologies and trends, including advanced mining equipment, modern mineral processing technologies, sustainable and energy-efficient infrastructure solutions, as well as automation and digital transformation in management and operations.

An aircraft of Vietravel Airlines (Photo: VNA)

Vietravel Airlines moves to add nine aircraft

This aircraft marks the first in a plan to add nine more planes over the next six months. Continued induction of Airbus A321 aircraft throughout 2026 will allow the airline to optimise scheduling, improve efficiency and better meet growing market demand.

The Long Hai Co., Ltd., located in Industrial Cluster No. 1 in Thach Khoi ward, Hai Phong city, produces hundreds of tonnes of goods annually for both domestic consumption and export. (Photo: VNA)

State – private synergy key to Vietnam’s growth ambitions

Vice Chairman of the Ho Chi Minh City People’s Committee Nguyen Manh Cuong stressed the need for greater input from academia, experts and businesses to assess the feasibility of double-digit growth targets in the coming period. This will help the city identify new growth drivers and design policies to better tap its development potential.

Finance Minister Ngo Van Tuan speaks at the first session of the 16th National Assembly (Photo: VNA)

Achieving double-digit growth challenging but essential: Minister

Since 1946, only 13 economies worldwide have sustained double-digit growth for over a decade to transition from low-income and developing to developed status. During Vietnam’s 40 years of renewal, growth has exceeded 9% only twice and has never reached double digits.

Vegetables and fruits remain among the key foreign currency earners of Lam Dong province, with export turnover estimated at 30.42 million USD in the first quarter of 2026. (Photo: VNA)

Vietnam’s fruit sector reaches new milestones

In the first quarter of 2026, Vietnam’s fruit and vegetable exports rose 31.4% year-on-year to 1.53 billion USD, driven by strong demand in China and growing shipments to major markets including the US, Japan, and Europe.

Inside Bach Dang shipbuilding factory (Photo: VNA)

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Algerian officials, representatives of foreign embassies, and numerous global oil and gas companies attend the Bid Round. (Photo: VNA)

Vietnam joins int'l bidding for oil and gas exploration in Algeria

Currently, PVEP is involved in oil exploitation at Blocks 433a and 416b of the Bir Seba field in the Hassi Messaoud area, Ouargla province, located more than 600 km south of Algiers. The project stands as one of Petrovietnam’s most successful overseas ventures, demonstrating the operational capacity and technical expertise of Vietnamese engineers on the global stage.