Trade leader acts to reverse disappointing exports
Minister of Industry and Trade Tran Tuan Anh has asked his ministry’s affiliates to simplify procedures to facilitate exports in the context of the country’s disappointing export performances.
Hanoi (VNA) – Minister of Industry and Trade Tran Tuan Anh has asked his ministry’s affiliates to review and simplify procedures to facilitate exports in the context of the country’s disappointing export performance in the first four months of the yea🔜r.
The move is part of concerted efforts to carry out the Prime Minister’s instructions in the event of stalling industrial production and a slowing export growth rate, which is standing at 6 percent, well below the target of 10 percent.
Minister Anh said the ministry would shake up and supervise the granting of licences to create favourable conditions for drawing investment, as well as for domestic enterprises to step up their production and business.
At a video conference among Hanoi, Da Nang and HCM City on May 6, Phan Van Chinh, Head of the ministry’s Import-Export Department, released figures showing that April’s export reached 14.1 billion USD, up 4.5 percent from one year ago.
For the whole first four months this year, Vietnam exported an amount of goods worth 52.87 billion USD, up 6 percent against the same period last year. Of the total, foreign companies shipped 37.1 billion USD worth of commodities and local firms15.1 billion USD.
The country’s import value reached 51.4 billion USD by the end of April, down 1.2 percent year-on-year.
During the period, Vietnam enjoyed a trade surplus of 1.46 billion USD, accounting for 2.8 percent of the export turnover.-VNA
Vietnam’s total exports saw a year-on-year increase of 6 percent in the first four months of this year to 52.87 billion USD, according to the General Statistics Office (GSO).
The capital city of Hanoi generated approximately 3.4 billion USD from exports in the first four months of the year, marking a modest increase of 0.2 percent against the same period last year.
Fruit exports may hit more than 2 billion USD this year, up 11 percent compared to 2015, according to the Ministry of Agriculture and Rural Development.
The southernmost province of Ca Mau earned nearly 275 million USD from aquatic exports, mostly shrimp, in the first four months of 2016, up three percent from last year.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA)
