Business News

Exports of agricultural, forestry and fishery products totalled US$39.7 billion in the first seven months of the year, marking a rise of 14.7 per cent year-on-year, according to statistics from the Ministry of Agriculture and Environment. The sector ran a trade surplus of $11.5 billion, up by 15.9 per cent from the same period last year, driven by robust performance of major farm producers and stronger demand from key markets.

Vietnam’s trade turnover reached US$470.63 billion from January 1 to July 15 this year, a 16.2 percent year-on-year increase, according to the Department of Viet Nam Customs. Of the figure, exports were estimated at US$239.19 billion, up 14.7 percent year-on-year, while imports climbed 17.7 percent to US$231.44 billion.

In its article titled 'Cross-border trade driving China-Việt Nam ties', the China Daily wrote that at dawn, Vietnamese tourists lined up at Hekou Port, the largest land port along the Yunnan section of the China-Việt Nam border, drawn by more than mere sightseeing. These vibrant exchanges of goods and people are a microcosm of the ties between China and Việt Nam, which have been continuously deepened by the engines of shopping, trade and tourism.

The information-technology, pharmaceutical, banking, and high-tech sectors will remain the main engines of office demand in HCM City, experts said. These industries are not only seeking high-quality workspaces but also emphasising smart-building technologies and sustainable work environments, leading to a growing preference for premium offices, particularly green-certified buildings, they said.

Five years since its entry into force, the EU-Việt Nam Free Trade Agreement (EVFTA) has catalysed nearly US$300 billion in two-way trade, establishing Việt Nam as the EU’s top trading partner in ASEAN and its 16th largest globally. In an era marked by rising global tensions and trade fragmentation, the EVFTA stands as a testament to inclusive, rules-based cooperation – one rooted in shared values, sustainability and long-term strategic alignment.

Boasting a population of over 1.4 billion, which is expected figure surpass 2.5 billion by 2050, Africa is one of the fastest-growing regions in the world, marked by a rapidly expanding middle class. Statistics showed that Việt Nam shipped some US$4 billion worth of products to African countries while buying around $5.5 billion of goods from the continent. However, trade turnover remains humble.

Sales on Việt Nam’s four main e-commerce platforms Shopee, Lazada, Tiki and TikTok Shop in the first half of this year reached VNĐ202.3 trillion (US$7.8 billion). Imported goods group recorded sales of VNĐ7.5 trillion with more than 164 million products sold, up nearly 7 per cent against the same period last year.

Việt Nam is stepping up efforts to achieve an ambitious GDP growth target of 8.3–8.5 per cent this year, despite global uncertainties and divergent economic forecasts. Authorities are focusing on boosting traditional growth drivers such as investment, consumption and exports while implementing a broad array of policy measures to maintain economic momentum.