Vietnam’s export-import revenue in the first quarter of this year was estimated at 176.35 billion USD, up 14.37 percent year-on-year, of which 88.58 billion USD was from exports, a rise of 12.9 percent.
Deputy Minister of Industry and Trade Do Thang Hai speaks at the press conference. (Photo: VNA)
Hanoi (VNA) – Vietnam’s export-importrevenue in the first quarter of this year was estimated at 176.35 billion USD,up 14.37 percent year-on-year, of which 88.58 billion USD was from exports, arise of 12.9 percent.
Deputy Minister of Industry and Trade Do Thang Haitold a press conference in Hanoi on March 30 that in March alone, the exportvalue reached some 34.06 billion USD, up 45.5 percent month-on-month and 14.8percent year-on-year.
Vietnam sawincreases in both export volume and value, especially in agricultural products,crude oil, fertilisers and plastics.
Notably, up to 16 groups of commodities joined theover one-billion USD club, making up 83.4 percent of the combined exportturnover, of which five recorded an export value of more than 5 billion USD.
The country earned about 900 million USD from fisheryexport in March, a rise of up to 41 percent against the previous month and 22.4percent as compared with the same period last year, pushing the turnover in thefirst quarter to 2.4 billion USD, up 38.7 percent year-on-year.
Illustrative image (Source: VNA)
During the three-month period, the US was Vietnam’sbiggest buyer, with 25.57 billion USD in revenue. It was followed by China, theEuropean Union (EU), the Association of Southeast Asian Nations (ASEAN), theRepublic of Korea (RoK) and Japan.
The ministry forecast that Vietnam’s export willcontinue to bounce back thanks to the recovery of the global economy, the implementationof free trade agreements (FTAs) to which Vietnam is a signatory, and supportivepolicies.
The ministry will continue to support enterprises interms of market information, export promotion and the utilisation of the FTAs, itnoted./.
As fruit and vegetable exports to China face difficulties, many Vietnamese enterprises have spent hundreds of millions of dollars to invest in systems and processing plants to sell their products in Europe and the US.
The Ministry of Planning and Investment, in collaboration with the UN Industrial Development Organisation and the Management Board of Industrial Zones (IZs), and Export Processing Zones (EPZs), held a seminar in Ho Chi Minh City on March 29, discussing how to turn IZs and EPZs into eco-industrial parks (EIPs).
Vietnam has become a big supplier of agricultural products for the Japanese market and Asia in general, but ample room remains for the country to boost export to Japan, as Vietnamese goods now now account for only 3 percent of Japan’s total import value, heard a workshop on March 29.
A consulting session on measures to further promote Vietnam's export to the Republic of Korea (RoK) was held in the northern province of Hung Yen on March 29.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Deputy Minister of Industry and Trade Do Thang Hai speaks at the press conference. (Photo: VNA) 
Illustrative image (Source: VNA) 
