JUMP IN INFRASTRUCTURE SPENDING OFFERS BRIGHT PROSPECTS FOR CONTRACTORS
According to the government's public investment plan, Vietnam aims to have in place 3,000 km of expressways this year, and an additional 2,000 km by 2030. In the railway sector, Hanoi has planned 10 metro lines with a combined length of 417.8 km, two of which, Nam Thang Long-Tran Hung Dao and Van Cao-Hoa Lac, are scheduled to begin construction in 2025.
STRONG SCOPE FOR ADDED AGRO-EXPORTS
During a business trip to Brazil in early July to attend the expanded BRICS Summit and conduct bilateral engagements, Prime Minister Pham Minh Chinh met with Brazilian Minister of Agriculture Carlos Favaro to discuss measures to boost agricultural trade between the two countries. PM Chinh proposed that the two countries’ agriculture ministries establish a joint working group to implement high-level commitments effectively.
CHINA EMERGES AS VIETNAM’S TOP SHRIMP IMPORTER
According to the Vietnam Association of Seafood Exporters and Producers, Vietnam’s shrimp exports have shown a strong recovery after a period of stagnation, driven mainly by whiteleg shrimp, which accounts for over 60 per cent of total volume, followed by black tiger shrimp and other varieties. The other shrimp segment witnessed the highest growth at 124 per cent, reflecting increasing demand in niche and premium markets.
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.
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