Business News

Since the beginning of the year, the Central Highlands province has attracted 26 new ventures with total registered capital of more than VND27.46 trillion ($1.05 billion), according to the Gia Lai Investment Promotion Centre. Several of these are sizeable schemes focused mainly on renewable energy and urban development.

Việt Nam’s seafood exports in 2025 were a record US$11.3 billion, but experts said the industry needs long-term strategies to ensure sustainable growth. They were speaking at a conference held by the Việt Nam Association of Seafood Exporters and Producers (VASEP) in HCM City on February 17 to review the industry’s performance and set tasks for the new year.

Vietnam is aiming to push its export revenue beyond US$500 billion in 2026 after recording strong growth last year. Export revenue reached more than US$475 billion in 2025, up over 17% year-on-year, or an increase of about US$69 billion, according to the Ministry of Industry and Trade. The result came despite weak global growth and tough trading conditions in major markets.

Trade in fruits and vegetables between Vietnam and the U.S. exceeded US$1 billion for the first time in 2025, reaching nearly US$1.5 billion, according to Vietnam Customs. The figure marks an 8.5-fold increase over the past decade, rising from US$170 million in 2016 to about US$1.47 billion last year. Vietnam exported US$547 million worth of fruits and vegetables to the U.S. last year, up 52% from 2024.

Vietnam and Singapore recorded a strong rebound in bilateral trade in 2025, with both exports and imports rising in every month from a year earlier, according to data from Enterprise Singapore and the Vietnam Trade Office in Singapore. In December alone, two-way trade reached nearly S$4 billion (about US$3.1 billion), up 30.1% year-on-year. Singapore’s exports to Vietnam totaled S$2.3 billion, up 1.5%, while imports from Vietnam surged 113.6% to S$1.7 billion.

Vietnam closed 2025 with an impressive economic performance, exceeding initial targets and demonstrating the resilience of its growth model. Full-year GDP expanded by 8.02% supported by a combination of government-led stimulus, stable domestic production and consumption, and continued strength in key export sectors amid ongoing external uncertainties. 

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Vietnam’s textile and garment industry is aiming for around US$50 billion in export revenue in 2026, up nearly US$3 billion from 2025, as companies restructure supply chains, deepen investment and leverage free trade agreements (FTAs). The target was shared by Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (Vitas) and chairman of Viet Tien Garment Corporation, at a press briefing on January 12 marking Viet Tien’s 50th anniversary.