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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.

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.

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.

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 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.

Strategic investments and expansions are expected to further enhance the sector's performance.

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.

The Ministry of Transport today, December 30, announced that it would advance 70 infrastructure projects in 2025, including 19 new starts and the completion of 51 existing ones. The announcement came at a conference reviewing the ministry’s 2024 performance and outlining its 2025 priorities.