Import-Export

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.

From the beginning of the year to December 15, there were six key export commodity groups with an increase in turnover of US$1 billion or more, according to the latest statistics of the General Department of Customs.

VCN - The trend of sustainable development and circular economy opens up opportunities for the retail industry to modernize its business model, green the supply chain and promote the consumption of environmentally friendly products.

VCN - According to the Vietnam Steel Association (VSA), in 2024 and into 2025, the steel industry may witness an increase in domestic steel consumption thanks to large government projects and private investment in infrastructure.

Việt Nam’s footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).