Việt Nam's trade sector remains a key driver of economic growth, with total import-export turnover reaching an impressive US$163 billion as of March 15, up 12 per cent year-on-year.This robust performance, representing an increase of $12 billion compared to the same period last year, underscores the sector’s resilience amid ongoing global economic uncertainty.Enterprises push forwardSince the start of 2025, Việt Nam’s export turnover has climbed to $82.3 billion, a rise of 9.1 per cent, while imports reached $80.49 billion, up 15.2 per cent. This resulted in a trade surplus of $1.81 billion.Leading the way are computers and electronic components, which generated $16.5 billion, a 29.1 per cent year-on-year rise. Mobile phones and accessories followed with $15.7 billion in exports.Other standout sectors include electronic equipment and components, up 29.2 per cent to $3.75 billion, while coffee exports surged 42 per cent to $675 million. Seafood exports rose 9.4 per cent to $603 million, underscoring Việt Nam’s diversified export strength.However, global trade growth is slowing, with the International Monetary Fund, World Bank, and Organisation for Economic Co-operation and Development projecting modest growth of 3.2–3.3 per cent in 2025.Geopolitical tensions, energy instability, and ongoing supply chain disruptions pose risks to Việt Nam’s export-driven economy. Stricter sustainability and environmental standards in key markets such as the US and EU add further complexity.Policy shifts for growthWhile exports continue to support economic growth, new US trade policies are emerging as a growing concern, given their potential impact on supply chains and global economic stability.From April 2, the US introduced new trade and tax measures that could affect international trade flows. Businesses are being urged to monitor developments closely and adapt accordingly.At a recent seminar on US trade policies and Việt Nam’s response, Nguyễn Nam Trân, CEO of SGS Việt Nam, said a lack of deep understanding of new US regulations remained a significant challenge for local exporters. These changes could impact export volumes and raise compliance costs, putting pressure on manufacturers.To stay competitive, Vietnamese enterprises must keep pace with evolving global policies and strengthen their export strategies.Since Donald Trump came to power again, businesses have closely tracked US trade shifts, recognising both risks and opportunities. While challenges persist,core export industries—electronics, textiles, footwear, wood, and seafood—are expected to maintain growth into 2025.Electronics exports, already contributing $28 billion (over 30 per cent of total exports), are forecast to climb further, potentially reaching $140 billion by year’s end.The textile and footwear sectors, despite facing tougher EU and US sustainability rules, continue to show resilience. By the end of Q1, textile exports are projected to rise 9 per cent, wooden products nearly 9 per cent, and footwear 10 per cent.According to Uk-based consulting firm Kelmer Group, Việt Nam is benefiting from free trade agreements and increased investment interest, especially in electronics, garment-textiles, and renewable energy. Diversifying supply chains and attracting multinational firms is solidifying its role as a global manufacturing hub. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News