TURNING TARIFF CHALLENGES INTO LEVERAGE
Vietnam is affirming its strong export position in the United States, with two-way trade reaching US$80 billion and a trade surplus of US$64.8 billion as of May 2025, ranking fifth globally. On July 2, U.S. President Donald Trump announced on Truth Social that Vietnamese goods are subject to a 20% tariff - significantly lower than Thailand’s and Cambodia’s 36%, Laos’s 40%, and China’s 54% (20% base plus 34% reciprocal), giving Vietnam a distinct competitive advantage.
BANANA EXPORTS POISED TO REACH $4 BILLION IN NEAR FUTURE
Việt Nam's banana industry has the potential to achieve an export value of US$4 billion, according to Phạm Quốc Liêm, Chairman of U&I Agriculture Corporation (Unifarm). He noted that this figure would translate to a minimum production value of US$20,000 per hectare, nearly 10 times higher than the current average.
INTEGRATING LOGISTICS INTO INDUSTRIAL PARKS A PATH TOWARD SUSTAINABLE DEVELOPMENT
In the era of global economic integration, Vietnam’s logistics sector is emerging as a key growth engine, particularly within industrial parks (IPs). Thanks to its strategic geographic location, increasingly modern infrastructure, and a surge in foreign direct investment (FDI), the integration of logistics into IPs not only optimizes supply chains and promotes sustainable development but also strengthens Vietnam’s competitiveness.
ADVANCING SMART, GREEN, AND SUSTAINABLE INDUSTRIAL PARKS
Over the past two decades, industrial parks have become one of Vietnam’s key economic growth drivers. To date, more than 400 IPs have been planned nationwide, with over 380 already in operation. These IPs have attracted hundreds of billions of USD in investment capital, created millions of jobs, and contributed substantially to Vietnam’s industrialization and modernization.
CATCH YOUR VIBE NOW WITH OUR EXCLUSIVE COMBO FOR HKBAV's MEMBERS
The countdown is on! Don’t miss your chance to join Vietnam’s first-ever sunset run – THE VIBES MARATHON at HOIANA RESORT & GOLF – designed especially for HKBAV members. Exclusive Combo: STAY, RUN & PARTY – from VND 3,671,000. Your Style Combo: STAY & RUN – from VND 3,360,000. Redeem your exclusive offer now!
WOOD AND WOOD PRODUCT EXPORTS CONTINUE TO GROW AMID TARIFF UNCERTAINTY
In the face of global trade turbulence caused by sudden tariff changes in the US and shifts in global supply chains, Việt Nam’s wood and wood product exports have managed to maintain positive momentum. However, the industry is still confronting mounting challenges that demand adaptability and proactive efforts to build domestic resilience.
PROPOSAL TO BUILD FASHION MATERIALS HUB TO BOOST VIỆT NAM’S LEATHER, TEXTILE SECTORS
The Vietnam Leather, Footwear and Handbag Association (LEFASO) has proposed establishing an innovation, R&D and trading centre for fashion materials in Việt Nam to strengthen the domestic supply chain and enhance the competitiveness of the country’s leather, footwear, textile and garment industries. At a Government meeting on July 22, LEFASO Vice Chairwoman and Secretary General Nguyễn Thị Thanh Xuân said the leather and footwear sector still relies heavily on imported materials due to outsourcing.
FRUIT AND VEGETABLE EXPORTS REACH OVER $3.8 BILLION IN SEVEN MONTHS
Việt Nam’s fruit and vegetable exports are expected to reach over US$3.8 billion in the first seven months of 2025, showing a strong recovery after a sharp decline earlier this year, according to preliminary data from the Ministry of Agriculture and Environment. July alone is expected to see an estimated export revenue of around $731.4 million, up 33 per cent year-on-year, although slightly down from June.
