VIETNAM AIMS FOR 454 BILLION USD EXPORT REVENUE AMIDST GLOBAL HEADWINDS
Vietnam has set an ambitious export target of 454 billion USD for 2025, a 12 per cent year-on-year increase, despite recent signs of deceleration in exports due to global economic pressures. Many experts believe that achieving this goal will require decisive actions from regulatory bodies and extraordinary efforts from businesses to overcome obstacles.
LOW-VALUE IMPORTS NO LONGER EXEMPT FROM VAT
This policy change follows the rapid expansion of e-commerce, which has led to a significant rise in low-value imported goods. According to the Department of Vietnam Customs, in 2023, the total value of such imports (under VND1 million) via express delivery services amounted to VND27.7 trillion. With a 10% VAT rate applied, the State budget stands to gain an estimated VND2.7 trillion annually.
PM PUSHES FOR TRADE BALANCE AMID RISING GLOBAL COMPETITION
With a trade volume nearing $800 billion, Việt Nam ranks 23rd in terms of global exports and 22nd in imports, which represents an average annual growth rate of over 13 per cent since 2007. Amid intensifying trade competition and shifts in tariff policies, Prime Minister Phạm Minh Chính has directed ministries, agencies and local departments to develop comprehensive strategies aimed at achieving a trade balance with key partners.
HCM CITY REAL-ESTATE MARKET PREDICTED TO RECOVER THIS YEAR
2025 will serve as a crucial foundation year for the real estate sector in HCM City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, expert predicted.
INFRASTRUCTURE, EXPORTS TO DRIVE VIETNAM’S GROWTH IN 2025 – REPORT
Vietnam’s economy is projected to grow 7.2% in 2025, fueled by government-led infrastructure investments, exports, and domestic consumption, according to a macroeconomic report by Thien Viet Securities JSC.
VIETNAM REPORTS US$3-BILLION TRADE SURPLUS IN JAN
Vietnam recorded a trade surplus of US$3.03 billion last month, showed data from the General Statistics Office (GSO). The country’s exports totaled US$33.09 billion, up by 4.3% year-on-year, while imports edged down by 2.6% compared to the same period last year to US$30.06 billion.
VIỆT NAM'S PORT FIRMS THRIVE IN 2024
Strategic investments and expansions are expected to further enhance the sector's performance.
EXPORT BREAKTHROUGH EXPECTED IN 2025
In 2024, Vietnam's export turnover reached US$405.53 billion, up 14.3% from the previous year. The domestic sector contributed US$114.59 billion, up 19.8%, making up 28.3% of total exports, while the foreign-invested sector (including crude oil) reached US$290.94 billion, up 12.3%, accounting for 71.7%. This solid performance sets the stage for a breakthrough in exports in 2025.
