Vietnam targets $454 bn in export revenue in 2025

19 Mar '25

1 min read

Vietnam targets $454 bn in export revenue in 2025

Pic: Adobe Stock

Insights

In spite of recent signals of decelerated exports due to global economic pressures, Vietnam has set an export target of $454 billion this year—a 12-per cent YoY rise.
Achieving this will need judicious actions from regulatory bodies and extraordinary efforts from businesses, many experts feel.
The country exported $65.2 billion worth products in January-February 2025—a 9.9-per cent increase YoY.

In spite of recent signals of decelerated exports due to global economic pressures, Vietnam has set an export target of $454 billion this year—a 12-per cent year-on-year (YoY) increase.

Achieving this will need judicious actions from regulatory bodies and extraordinary efforts from businesses, several experts feel.

Official data show the country exported $65.2 billion worth products in the first two months this year—a 9.9-per cent increase YoY. Meanwhile, imports during the period totalled $62.9 billion, rising by 16 per cent YoY, resulting in a trade surplus of $235 million, a domestic media outlet reported.

Reliance on major markets like the United States, the European Union (EU) and China raises business risks and makes the country vulnerable to global economic and political fluctuations, according to Nguyen Anh Son, director general of the ministry of industry and trade’s (MoIT) Agency of Foreign Trade.

The rising demand for quality and sustainability in external markets is also a challenge, apart from infrastructure constraints, particularly the discordant investment in seaports and transport systems, which result in high shipping costs and extended delivery times, Son noted.

Insufficient market intelligence has left many companies struggling with production planning, he added.

Fibre2Fashion News Desk (DS)

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