Business News

Vietnam’s lobster exports reached a record US$712 million in the first 10 months of the year, up 135% from a year earlier, driven by green lobster shipments and strong demand from China and Hong Kong, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Customs data showed October exports climbed 75% year-on-year to about US$93 million. Green lobster accounted for 98% of total export revenue, bringing in US$700 million in January–October, rocketing 141% year-on-year.

Building on strong growth in recent years, especially this year’s solid rebound, the agricultural sector has targeted US$70 billion in agro-forestry-aquatic exports for 2025, an ambitious goal underpinned by not only the large shipment volume but also the strategic shift to a quality, technology and deep processing-based growth model.

Trade between Vietnam and member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reached US$102.8 billion in the first ten months of this year, up 20.6% year-on-year, according to the Ministry of Industry and Trade. After more than six years of implementation, the CPTPP has become a key driver of Vietnam’s export growth, helping local industries expand their market presence across member economies.

Việt Nam's fertiliser industry has reported impressive growth in the third quarter of 2025 with several companies achieving record profits due to a robust recovery in the prices of key products such as DAP, urea and NPK. This surge in profitability comes as the industry benefits from stabilising domestic demand and improving international prices along with a drop in raw material costs.

The Ministry of Finance outlined two CPI scenarios for 2025, projecting average growth of either 3.3% or 3.5%, based on expected price pressures and factors that could ease them in the remaining months. Phoc asked ministries and local authorities to focus on maintaining CPI growth at the lower level while tightening oversight of essential goods such as electricity, water, and food.

Shrimp exports to China and Hong Kong reached US$1.1 billion in the first 10 months of this year, marking a significant rise of 64 per cent, the highest growth among all markets. The market recorded an export value of $140 million in October alone, the highest ever recorded, according to the latest report by the Vietnam Association of Seafood Exporters and Producers (VASEP).

According to a 2025 global report from Boston Consulting Group (BCG) published in the last days of October, the total value of global merger and acquisition (M&A) transactions reached $1.94 trillion in the first nine months of the year, up 10 per cent from the same period in 2024. Despite lingering headwinds such as shifting United States tariff policies as well as geopolitical tensions, this marks the second consecutive year of growth and the strongest performance since 2022.

Cross-border e-commerce is on the upward trend, with an export value predicted to rise from $3.5 billion in 2023 to $5.8 billion by 2028. Over the past five years, the number of Vietnamese products listed on Amazon has surged by more than 300 per cent, with 18 million items now available to customers worldwide.