Export value is likely to hit 203 billion USD in 2017 - Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam’s exportvalue is likely to hit 203 billion USD in 2017, a year-on-year rise of 14.5percent, economists predict.
According to the General Statistics Office,export turnover enjoyed a year-on-year increase of 19.8 percent in the firstnine months of this year, or 154 billion USD.
Economists attributed the growth toVietnam’s participation in free trade agreements which encourage the businesscommunity to invest more in exports and seek new opportunities.
In addition, global commodity prices are rising,resulting in increases in export values.
The Ministry of Industry and Trade said thatthe improvement of the country’s business and investment environment and thesimplification of administrative procedures have also aided businesses.
Officials said national export value hashigh growth potential this year as Vietnam has advantages in exportingcertain products, such as farm products, seafood, telephone components andgarments.
The most important aspect is that localexporters must reform themselves and make use of good opportunities in exportmarkets.
At present, Vietnam has exported its goods to some 200 countries andterritories. Besides traditional markets such as the United States, theEU, Japan and the Republic of Korea, as well as China and theASEAN, Vietnam has entered new markets in Africa and Latin America.-VNA
Vietnam has been interested in joining the global supply chain and management governance, which is considered an effective competitive tool for businesses to control the market, build up confidence among customers and increase profits and connectivity with global partners, said a trade official.
Speaking at a conference in Ho Chi Minh City on August 12 to seek ways to promote the products’ exports in 2025, Deputy Minister of Agriculture and Environment Tran Thanh Nam noted that despite global political instability and a slowdown in economic growth, Vietnam’s agro-forestry-fishery export has shown notable resilience.
The Ministry of Industry and Trade has proposed six types of commodity exchanges to be operated at the international financial centre (IFC), which would cover both traditional goods markets and emerging financial and commercial products.
Leaders of Khanh Hoa province met with executives of HD Hyundai and SK Innovation to explore opportunities to partnerships in shipbuilding and energy industries.
The Prime Minister urged the promotion of industrial production in tandem with market restructuring, product diversification, and the development of supply and production chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,509 VND/USD and the floor rate 23,985 VND/USD.
All service vessels and out-of-province fishing boats docking at fishing ports in Lam Dong province will undergo 100% inspection to ensure compliance with paperwork, port entry/exit procedures, and fishing log requirements. Their positions and voyages will be tracked around the clock from departure to return via the VMS.
The roadmap to restrict the use of petrol-powered vehicles and encourage green ones in such major cities as Hanoi and Ho Chi Minh City is creating a strong boost to the EV market.
The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.
Notably, the hybrid segment recorded the strongest growth, with 7,112 units sold, a 72% year-on-year increase. The figures reflect a shift in consumer preference towards more environmentally friendly vehicles.
The project rolled out 21 pilot models, from goat and pig farming to coffee cultivation and the adoption of agricultural technology, helping farmers beef up production, spruce up livestock facilities, and improve market linkages.
Vietnam is ready to serve as an important gateway for Korean enterprises to enter the Southeast Asian market. Korean firms with experience and advanced technology to engage in energy transition and national infrastructure modernisation, said Party leader To Lam.
Two-way trade between Vietnam and Cambodia topped 7 billion USD in the first seven months of the year, up 16.3% against the same time last year. Vietnam’s exports to Cambodia hit 3.2 billion USD, rising 5.1%, while imports rose 28.1% to 3.8 billion USD.
The event took place within the Vietnam–RoK Economic Forum which is part of the Vietnamese leader’s state visit to the RoK. The documents span areas including energy, digital infrastructure, manufacturing, logistics, tourism, finance, and high-quality personnel training.
According to the Ministry of Agriculture and Environment, in May, June, and July, the country exported 7,745 batches of fresh durians totaling over 207,000 tonnes, more than 10 times higher than in the first four months of the year, as well as 560 batches of frozen durians weighing nearly 16,000 tonnes, up almost 64.3%.
The global bicycle market is projected to reach 69 billion USD by 2029, growing at 4.2% annually, according to consultancy and market research company Mordor Intelligence.
After a challenging first quarter, during which many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025.
The Party leader said Vietnam is continuing to improve its institutions, enhance the investment and business environment, and address bottlenecks to unlock resources and push ahead with economic restructuring in tandem with renewing the growth model.
Export value is likely to hit 203 billion USD in 2017 - Illustrative image (Source: VNA) 
