Gov’t rolls out key measures to boost export
VGP - Prime Minister Pham Minh Chinh issued Directive No. 29/CT-TTg, outlining major tasks and solutions to accelerate exports and expand overseas markets.
As of mid-September, Viet Nam's total trade turnover reached US$637.2 billion, up 17.2 percent year-on-year.
The Government targets to boost export growth to at least 12 percent for the remainder of the year, contributing to achieving the GDP growth goal of 8.3–8.5 percent in 2025.
Accordingly, the Ministry of Industry and Trade is tasked with ensuring the effective implementation of the existing free trade agreements and pushing forward negotiations on new deals with partners such as Mercosur and the Gulf Cooperation Council.
The ministry is responsible for pushing for progress on a reciprocal trade agreement with the U.S., and carrying out trade promotion campaigns in key markets such as the U.S., EU, China, Japan, South Korea, ASEAN, India, the Middle East, Africa, and Latin America.
The Government stresses the need to enhance the quality of agricultural exports, strengthen geographical indications, and improve branding of Vietnamese products. Stronger coordination among ministries and local authorities is also required to develop new markets, while investment in transport and logistics infrastructure should be accelerated to cut costs and support exporters.
Provinces and cities are urged to remove bottlenecks against businesses, attract selective foreign investment, and share information on crops and exports to assist both farmers and enterprises. Border provinces must update market trends regularly to prevent congestion and streamline procedures for faster trade.
The Government urges industry associations to keep their members informed, improve product quality and branding, and safeguard exporters' interests.
Exporters, meanwhile, are encouraged to stay agile, invest in greener, higher-value goods, and diversify into both official and niche markets to strengthen Viet Nam's global trade position.
As of mid-September, Viet Nam's total trade turnover reached US$637.2 billion, up 17.2 percent year-on-year. Exports were valued at US$325.26 billion, a 15.8 percent increase, while imports hit nearly US$312 billion, up 18.8 percent. The country posted a trade surplus of US$13.3 billion.
Viet Nam is one of the world's top 20 trading countries and ranks among 32 largest economies around the globe./.
