Saturday, July 12,2025 - 12:53 GMT+7  Việt Nam EngLish 

Export revenue of 219.8 billion USD and restructuring recommendations 

 Thursday, July 10,2025

AsemconnectVietnam - With a total export turnover of goods reaching 219.83 billion USD, up by 14.4% over the same period last year, Vietnam's export activities in the first half of 2025 continued to record impressive achievements, affirming its role as the main growth driver of the economy, contributing significantly to stabilizing the macro economy and maintaining the country's recovery momentum.

In particular, the trade surplus continued to be maintained at 7.63 billion USD, supporting the stability of the current account balance and exchange rate, helping to control inflation.
Export performance of 219.8 billion USD and restructuring recommendations
Electronics, computers and components exports reached nearly 48 billion USD in the first 6 months of 2025, leading the billion-dollar group.
This success was built on the foundation of 28 items with export turnover of over 1 billion USD, of which 9 items exceeded 5 billion USD, accounting for the majority of the total value.
In particular, the electronics, computers and components industry set a new record when it brought in export revenue of nearly 48 billion USD, an increase of 40% over the same period in 2024, far surpassing the second-ranked item, phones of all kinds and components (26.9 billion USD). Other processed and assembled items such as textiles and garments, machinery, equipment, tools and spare parts also recorded quite a growth rate. The role of the foreign investment sector (FDI) is extremely large, with large corporations increasing their operations and boosting exports.
In fact, about 99% of the export turnover of the electronics, computers and components group is carried out by the FDI sector. In addition, effective use of Free Trade Agreements (EVFTA, CPTPP, RCEP), along with the efforts of the Government, ministries and enterprises in promoting market expansion, technical negotiations, promoting logistics and improving export procedures, are also key factors for this growth momentum.
Despite achieving impressive figures, Vietnam's exports still face many challenges, the electronics industry is still heavily dependent on FDI enterprises, while the export turnover of goods in June of 2025 decreased by 0.3% compared to the previous month, showing the need for strategic adjustments.
Ms. Nguyen Thu Oanh, Head of the Service and Price Statistics Department, General Statistics Office, emphasized that Vietnam's import and export activities need to prioritize strategic restructuring in a proactive, sustainable and adaptive direction, and made the following key recommendations:
First, it is necessary to ensure transparency in the supply chain and strictly control the origin. At the same time, Vietnam needs to promote selective trade promotion activities for input materials, components, equipment and technology for production. The goal is to support domestic enterprises to improve production capacity and increase product value for export. This also means aiming to increase the localization rate and develop supporting industries, strongly encouraging domestic enterprises to participate more deeply in the value chain of large FDI enterprises.
Second, diversifying export markets is extremely necessary, constantly searching for new markets. It is necessary to effectively exploit and take advantage of signed Free Trade Agreements (FTAs) to increase exports. Specifically, it is necessary to promote exports to potential markets such as India, the Middle East, South Asia, Eastern Europe, and Africa. At the same time, it is necessary to encourage businesses to disperse supply chains and expand cross-border e-commerce.
Third, it is necessary to strengthen dialogue and bilateral negotiations with major partners such as the US, EU, and China to resolve issues related to trade policies. In particular, it is necessary to strengthen trade defense and improve legal capacity for businesses, including guiding businesses to work with international lawyers and carefully prepare trade defense dossiers. Building a database to provide early warning of markets with potential risks is also an important factor.
Finally, stable and flexible exchange rate and interest rate management of financial-banking activities plays a key role in supporting exports.
Recommendations from the statistical agency representative emphasized that, to maintain its position as the key growth driver of the economy, Vietnam's exports need to build a proactive, sustainable strategy that is highly adaptable to all global fluctuations.
CK
Source: VITIC/ haiquanonline.com.vn

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