VIETNAM’S SEAFOOD EXPORTS POISED TO REACH US$10.5 BILLION THIS YEAR
Vietnam’s seafood exports are expected to hit US$10.5 billion this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). VASEP said outbound shipments in the fourth quarter may slow to around US$2.2 billion. The decline is attributed to a 20% duty imposed by the U.S. and the likelihood of higher tariffs on Vietnamese shrimp entering this market.
CHINA SPENDS OVER US$1 BILLION ON SHRIMP IMPORTS FROM VIETNAM IN JAN-OCT
China has become Vietnam’s largest shrimp buyer, with more than US$1.1 billion worth of the product imported in the first 10 months of the year, up 64% year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the fastest-growing market during the period and a key driver behind the 22% spike in Vietnam’s shrimp exports to US$3.9 billion.
VIETNAM–SINGAPORE BILATERAL TRADE HITS RECORD HIGH
Bilateral trade between Vietnam and Singapore reached a record S$33 billion (around US$25.3 billion) in the first 10 months of this year, setting a new milestone for trade ties between the two nations. Vietnam continued to hold its position as Singapore’s 10th largest trading partner. Data from the Singapore Enterprise Management Agency showed that two-way trade in this period surpassed last year’s full-year record of S$31.67 billion, marking a 26.7% increase compared to the same period in 2024.
AUTO IMPORTS SURGE IN JAN-OCT
Vietnam imported 16,343 automobiles in October, down 5.5% from September, but total imports in the first 10 months climbed to 171,364 units, up around 20% year-on-year, data from the General Department of Vietnam Customs showed. The import value of automobiles reached nearly US$4 billion in the January-October period, the highest level in three years.
VIETNAM EYES DOUBLE-DIGIT GROWTH IN 2026
The National Assembly has approved the 2026 socio-economic development plan, setting an economic growth target of at least 10%. The resolution, passed on November 13 with more than 90% of lawmakers in favor, also aims for per capita GDP of US$5,400-5,500 and an inflation rate of around 4.5%, according to the National Assembly’s website (quochoi.vn). These targets are higher than the projected outcomes for 2025.
VIETNAM RANKS SECOND IN CHINA’S FRUIT MARKET
Vietnam has captured the second-largest share of China’s imported fruit market, accounting for 20% of purchases worth over US$4 billion in the first nine months of 2025, with durian and bananas driving strong growth. China spent a total of US$20.3 billion on fruit imports during this period. Thailand led with US$6.7 billion in exports, up 10% year-on-year and holding a 33% market share.
FDI DISBURSEMENT HIGHEST IN LAST FIVE YEARS
According to the Statistics Office under the Ministry of Finance, in the first ten months of 2025, Vietnam continued to attract strong inflows of FDI, with total registered capital reaching $31.52 billion, an increase of 15.6 per cent on-year. Of this, 3,321 new projects were licensed with $14.07 billion in newly registered capital, marking a 21.1 per cent increase in project count but a 7.6 per cent decrease in registered capital on-year.
HCMC’S JAN-OCT BUDGET REVENUE MEETS 97.2% OF FULL-YEAR TARGET
Speaking at the first meeting of the Executive Committee of the 2025-2030 Party Committee of the HCMC People’s Committee today, Nguyen Van Duoc, chairman of the HCMC People’s Committee, said the city would absolutely obtain higher budget revenue than expected for this year if each individual or each organization showed a sense of responsibility for getting their jobs done.
