WOOD EXPORTERS TURNING CHALLENGES INTO OPPORTUNITIES
Speaking to the media during a factory visit at Nam Tân Uyên Expansion Industrial Park, Vũ Quang Huy, chairman and CEO of TEKCOM Corporation, which exports plywood and associated products to more than 50 markets including the EU, US, India and Southeast Asia, said businesses faced numerous trade barriers.
COFFEE EXPORTS LIKELY TO EXCEED US$8 BILLION THIS YEAR
The Vietnam Coffee – Cocoa Association (Vicofa) has expressed confidence that coffee export revenue could surpass US$8 billion in 2025, far earlier than the original target of 2030. According to the association, the projection is grounded in three key factors: improved product quality, a rising proportion of deeply processed products, and market expansion based on long-term strategic planning.
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.
