Business News

Việt Nam's tra fish exports are expected to sustain strong momentum into 2025, with projected revenues reaching approximately US$2 billion, on par with 2024 figures, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast. The growth outlook is driven by the global economic recovery post-pandemic and increasing international demand for affordable protein sources like tra fish, VASEP said.

Việt Nam will require an annual investment of around US$16–18 billion from now until 2035 to implement its revised National Power Development Plan (PDP VIII), according to the Ministry of Industry and Trade. This amount will rise to approximately $20 billion per year thereafter. The updated plan, approved under Decision No. 768/QĐ-TTg dated April 15, outlines ambitious targets to ensure national energy security and meet economic growth demands.

Shrimp exports from January to March totaled US$939 million, up 37% year-on-year, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the largest buyer of Vietnamese shrimp during the first three months of this year, with its total import value of US$288 million, up by 125% against the same period last year.

Nearly 40 years since opening the doors to the wider world, Vietnam’s development has witnessed great strides, with foreign investment serving as one of the key drivers. However, further climbing global value chains becomes more complicated. The World Bank assessed that Vietnam is a remarkable development success story.

The government has altered its target of public investment disbursement for this year, with a continued focus on infrastructure development to spur high economic growth. The government last week ordered that all public investment capital for this year must be disbursed, instead of 95 per cent previously targeted, and that one of the key tasks in the coming months is to speed up this kind of capital at all costs, with a focus continued being laid on infrastructure development.

To date, 16 types of Vietnamese fruits and vegetables have been exported to China via official channels, including 10 items with signed export protocols: watermelon, mangosteen, black jelly, durian, frozen durian, fresh coconut, fresh banana, sweet potato, chili, and passion fruit. Six export items have not yet been formalized through export protocols, consisting of dragon fruit, rambutan, mango, lychee, longan, and jackfruit.

Nearly 46% of manufacturing and processing firms expect better business conditions in the second quarter of the year, according to a survey released by the General Statistics Office (GSO). The survey found that 45.8% of firms expect conditions to improve, 39.2% anticipate stability, and 15% forecast greater challenges, according to the Vietnam News Agency.