Business News

Vietnam's rubber industry is poised for strong growth in 2025, driven by rising rubber prices, expanding production, and increased export opportunities, despite potential challenges from global trade policies and shifting market dynamics. As global trade dynamics continue to evolve, Vietnam’s rubber industry remains well-positioned to leverage rising prices, supply constraints in competing markets, and increasing demand from key trade partners.

In 2025, Vietnam's textile and garment industry targets US$47-48 billion in export revenue, a US$3-4 billion increase from last year. To achieve this, businesses must expand markets and secure a proactive raw material supply while meeting strict standards on transparency, sustainability and labor compliance from key importers like the U.S. and the EU.

Việt Nam’s Index of Industrial Production (IIP) has risen by 7.2 per cent year-on-year in the first two months of 2025, according to the Ministry of Finance's General Statistics Office. In February, the IIP saw a significant year-on-year increase of 17.2 per cent, though it experienced a month-on-month decline of 2.2 per cent, largely due to the timing of the Lunar New Year celebrations, which in 2024 took place entirely in February.

Việt Nam’s agricultural, forestry and fishery exports hit a five-year high in the first two months of 2025, according to data released by the Ministry of Agriculture and Environment on Tuesday. Export turnover reached US$9.38 billion, up 8.3 per cent year-on-year. February alone saw a sharp 32.7 per cent rise to $4.4 billion.

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.

The Vietnamese coffee industry made a distinct impression in the first two months of this year, with export turnover rising by 26.2 per cent year-on-year to US$1.58 billion while volume falling by 28.4 per cent to 284,000 tonnes, according to the Ministry of Agriculture and Environment. This achievement not only affirmed Việt Nam's position in the global coffee market but also opened bright prospects for exceeding the $6 billion target this year.

Import and export activities between Việt Nam and China were moderate in the first two months of the year, with a value exceeding US$31 billion, data from the General Statistics Office (GSO) showed. The value of imports from China in the past two months reached $23.3 billion, an increase of 20.7 per cent compared to the same period last year.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.