Overcoming barriers from the world market
In 2025, Vinh Long province's export activities will face many challenges as the global economy fluctuates, transportation costs increase, and partially disrupt the supply chain.
Mr. Tran Quoc Tuan - Director of the Department of Industry and Trade of Vinh Long province - said that major export markets such as the US, EU, and Japan are continuously tightening technical standards, high requirements for green certificates, traceability and sustainable production, creating great pressure for businesses.
Mr. Tuan emphasized that domestically, the increase in input material prices, labor costs and credit interest rates makes it difficult for many businesses to balance costs, especially in labor-intensive industries such as garment and footwear.
Many businesses in Vinh Long have to shrink their scale, slow production due to declining orders, weak global purchasing power and traditional partners recovering more slowly than expected.
According to Mr. Tran Quoc Tuan, the Industry and Trade sector regularly monitors the market and promptly advises the Provincial People's Committee on solutions to support businesses to remove difficulties.
"At the same time, the industry will promote trade promotion, provide market information and guide businesses to update new regulations, helping them gradually overcome technical barriers and maintain export orders," Mr. Tuan added.
Stepping away from key products
Speaking with Lao Dong, Mr. Dang Van Chinh - Permanent Vice Chairman of Vinh Long Provincial People's Committee - said that despite many "upside winds", the total import-export turnover of the province in 2025 is estimated to reach more than 3.66 billion USD, reaching nearly 104% of the annual plan and increasing by 16.41% compared to 2024 (equivalent to 3.144 billion USD).
According to Mr. Chinh, this result comes from a strategy of market diversification and export diversification, helping businesses reduce dependence on traditional markets and expand to potential areas.
Agricultural products continue to be a pillar when rice, fruits, and seafood are planned in a systematic way, applying processing technology, and meeting the quarantine standards of the high-end market.
At the same time, the processing and manufacturing industry recorded a positive recovery in the last months of the year, when businesses flexibly shifted to the Middle East and Southeast Asian markets.
Mr. Chinh emphasized that local governments play an important role in reforming administrative procedures, shortening customs clearance time, and supporting businesses to take advantage of incentives from new-generation free trade agreements.
According to Mr. Chinh, the export results in 2025 create an important foundation for the province to continue to improve growth quality, towards sustainable development, and will continue to accompany businesses, improve the investment environment, enhance competitiveness and maintain export growth momentum in the following years.
"In 2026, the province will focus on improving the investment environment, promoting the private economy, supporting businesses to apply digital technology, transforming businesses and enhancing competitiveness," Mr. Chinh added.
