Achieving the goal of a 12-14% increase in total export turnover will demand concerted efforts from management agencies and the adaptability and resilience of the business community, according to an official.
More measures will be actively deployed in response to the EU’s "green growth policy."
Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.
After five years of implementation, the EU-Vietnam Free Trade Agreement (EVFTA) has delivered many positive outcomes, including a robust growth of Vietnamese exports to the EU, particularly in key sectors such as textiles, footwear, and agro-fishery products.
By early 2025, daily trading volume on the Ho Chi Minh Stock Exchange had recovered to an average of 13 trillion VND (509 million USD), signalling a potential bullish phase for Vietnam’s equity market.
To better support enterprises, the Prime Minister required the active, effective and concerted implementation of tasks and measures set out at the Government’s resolutions and the PM’s directions on sustainable development, the circular economy, sustainable production and consumption, energy conservation and efficiency, environmental protection, climate change adaptation, and green growth.
According to experts, US President Donald Trump’s recent signing of an order imposing tariffs on exports from Canada and Mexico, as well as increasing tariffs on products from China, is seen as the beginning of the tariff policies under the Trump administration. This also leaves the possibility of the US imposing tariffs on imports from other countries.
The MoIT recommended that businesses take a proactive approach by developing roadmaps and strategies to diversify export markets, improve product quality, and ensure compliance with technical, labour, and environmental standards.
In the context of the fluctuating global trade situation, opportunities for the Vietnamese seafood industry seem to outweigh challenges. The problem is what Vietnamese businesses in the industry must do to adapt and make a breakthrough.
With the growth target of over 8% this year and double digit growth next year, many economic experts emphasize that Vietnam needs to unlock new growth drivers. So which growth drivers in Vietnam need to unlock and develop?
| The site is done with the technical support of the project BWTO |
