According to trade experts, Vietnam is ranked as the world's 20th largest exporter in the world and among the world's top exporters of various products such as rice, coffee, cashews, and garment-textiles.
Vietnam’s plan to establish regional and international financial centres in Da Nang City and Ho Chi Minh City will not only enhance the country’s position in the regional and global financial systems but also create motives for sustainable economic growth.
This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.
This shift presents both a challenge and an opportunity for Vietnamese businesses to innovate and enhance their competitive edge in the international arena.
Beyond reforms, establishing effective mechanisms for dialogue and policy feedback is critical, enabling the private sector to shape economic decisions with practical, actionable input.
Việt Nam’s economy remains strong despite potential US tariffs and global trade tensions, supported by steady FDI inflows, policy stability, and adaptability.
Vietnam and Indonesia have shown strong determination in enhancing their bilateral economic relations. Bilateral trade has witnessed robust growth, surpassing 16 billion USD in 2024, a sharp rise from 8.07 billion USD in 2020.
Imports from China increased, while exports decreased in the first two months of 2025, compared to the same period last year.
After more than 1 year of implementing the 1 million hectares of high-quality rice project, the linkage of the actors participating in the chain is not sustainable; especially the linkage with banks to help rice enterprises overcome difficulties in capital sources.
The Ministry of Industry and Trade (MoIT) and Việt Nam trade offices abroad are set to intensify collaboration with local departments, commodity associations and businesses to capitalise on export opportunities arising from international economic integration.
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