At the regular Government meeting in February, Minister of Industry and Trade Nguyen Hong Dien said that import-export is a bright spot in the first two months of 2025. Total import-export turnover is estimated at about 126.7 billion USD. Of which, exports are estimated at about 64.3 billion USD, up 8.4%; imports are estimated at about 62.4 billion USD, up 15.2% over the same period last year
The trade balance continues to maintain a trade surplus momentum, estimated at about 1.9 billion USD (the same period last year had a trade surplus of 5.13 billion USD). A positive signal when the domestic economic sector's exports grow impressively, estimated at 2 times higher than the FDI sector (12.8% compared to 6.7%).
Some key export items grew at double digits (such as textiles and garments are estimated to increase by 9.3%; footwear is estimated to increase by 10.3%; computers, electronic products and components are estimated to increase by 25.3%).
Resolution No. 25/NQ-CP dated February 5, 2025 of the Government on growth targets for sectors, fields and localities ensures the national growth target of 8% or more in 2025. Of which, the target of growth in goods exports in 2025 is over 12%; the trade surplus of goods is 30 billion USD.
According to Mr. Nguyen Anh Son - Director of the Import-Export Department - with the export growth target in 2025 increasing by 12-14%, we have to export 38 billion USD per month, if compared to 2024, we have to export more than 4 billion USD per month.
According to Mr. Son, striving to achieve the growth target of total export turnover of 12-14%, requires strong participation of management agencies as well as flexibility and efforts to overcome difficulties of the business community.
From the perspective of state management, Mr. Son said that the Ministry of Industry and Trade needs to focus on market information work, continue to promptly inform industry associations about changes in policies of the import-export market so that businesses can promptly adjust their production plans accordingly, orient to find orders from other markets...
Proactively in developing timely solutions and policies, the units under the Ministry coordinate to research, develop scenarios for forecasting, analyzing, and proposing timely policy solutions to respond to the possibility of a trade war in the world.
At the same time, continue to implement solutions to diversify export markets, aiming to promote exports to diversify new markets, in parallel with key markets, such as the Middle East market with Halal products... Effectively exploit FTAs, in addition to accelerating the negotiation progress of new FTAs and upgraded FTAs.
On March 4, 2025, the Ministry of Industry and Trade issued Directive No. 06/CT-BCT dated March 4, 2025 on a number of solutions for market development, export promotion, and import management in 2025.
According to the Directive, the Ministry of Industry and Trade directs units to focus on implementing solutions to remove difficulties for businesses, support production, and promote exports.
The Import-Export Department, the Department of Industry, the Department of Chemicals, the Department of Petroleum and Coal proactively coordinate with relevant ministries and branches to focus on removing difficulties for domestic production and export enterprises and foreign-invested enterprises to boost exports.
