Vietnam’s coffee exports reached $1.72 billion in early 2025, with a downward adjustment in the USD exchange rate. The finance ministry is enhancing support for SMEs, while new financial initiatives will provide substantial funding. Vietnam has seen significant growth in aquatic product exports and aims for a substantial 2025 export revenue amidst evolving economic policies.
Vietnam’s coffee exports have reached $1.72 billion in the first two months of the year, reflecting a significant growth in the sector. The increase in foreign exchange earnings is a positive indicator for the agricultural industry in Vietnam.
On March 18, the State Bank of Vietnam adjusted the daily reference exchange rate for the US dollar to 24,793 VND/USD, marking a slight decrease of 1 VND from the previous day. This change is part of the bank’s regular adjustments to maintain economic stability.
The finance ministry is providing guidance to facilitate connections between small- and medium-sized enterprises (SMEs) and financial institutions, investors, and experts, enhancing support for sustainable business operations. This initiative is crucial for economic development.
An initiative backed by a 5 million Swiss Franc grant (5.6 million USD) from SECO aims to support supply chain finance in Vietnam until 2029. This program is expected to help over 500,000 SMEs access up to 35 billion USD in financing, significantly improving their operational capabilities.
In aquatic products, Vietnam has become Brazil’s second-largest supplier, with exports reaching $655 million in February – a 44.5% increase from the previous year. Total aquatic exports for January and February amounted to $1.42 billion, indicating a 19% annual rise.
The State Bank of Vietnam plans to create a roadmap for eliminating the credit growth quota policy, which has limited each bank’s credit expansion since 2011. This shift is in response to past hyperinflation concerns but reflects a more flexible monetary policy approach.
In HCM City, bank lending growth decreased by 0.17% in February compared to December 2024, though it showed a yearly increase of 12.2%, reflecting ongoing adjustments in the financial landscape. This data points to cautious lending practices amid evolving market conditions.
The e-tax system in Vietnam has resumed full operations following a temporary suspension from March 12 to March 17. The suspension was aimed at enhancing tax management efficiency and implementing necessary structural changes in the system.
Vietnamese customs trade marked a milestone, hitting $1.05 billion on the first day of a new operating model implemented on March 15. This three-tier model aims to optimize organizational structure, leading to a significant reduction in units from 902 to 417.
Industrial real estate in Vietnam is expected to experience a boost due to recent policy changes and increased foreign direct investment (FDI). The removal of legal obstacles has opened doors for businesses in this sector, enhancing growth opportunities.
Vietnam Airlines and Vietjet Air will commence operations from Tan Son Nhat International Airport’s new Terminal T3 in May. This terminal, designed for 20 million passengers annually, includes various facilities with a total investment nearing 11 trillion VND (431.2 million USD).
Vietnam aims for an export revenue of $454 billion, with total exports in January and February reaching $65.2 billion, a 9.9% increase year-on-year. Imports during this period totaled $62.9 billion, resulting in a trade surplus of $235 million.
The State Bank of Vietnam set the reference exchange rate at 24,794 VND/USD on March 17, an increase of 15 VND from the previous day, reflecting regular market adjustments in response to economic indicators.
Vietnam Airlines plans to resume direct flights from Hanoi to Moscow starting May 8, as part of its broader international expansion strategy that includes reopening routes to key destinations globally.
Vietnam has been recognized as well-positioned to develop into an international financial center due to its solid foundation and potential for growth. This assessment from finance experts underscores Vietnam’s strategic economic position in the region.
A forum has been convened to promote trade and tourism connectivity among Japan, Vietnam, and Thailand, focusing on the economic potential of creating a significant economic triangle between these areas.
Experts emphasize the necessity for Vietnam to be flexible in choosing models for its financial center development. Human capital is identified as a crucial factor for success, alongside other elements like infrastructure and market development.
Hoa Phat’s hot rolled coil products have been exempted from anti-dumping duties in the EU, showcasing the company’s adeptness in navigating international trade regulations while opening up export opportunities for downstream firms.
Vietnam’s rice exports are on the rise with strong demand, surpassing one million tonnes in the first two months of the year. This upward trend indicates a robust agricultural sector amidst global market uncertainties.
Vietnam has emerged as a key player in Italy’s Asia strategy, ranking as Italy’s largest trading partner in ASEAN with bilateral trade reaching $6.9 billion in 2024, reflecting positive economic relations.
In summary, Vietnam’s economy is experiencing positive growth across various sectors, including coffee and aquatic exports. Policies aimed at enhancing support for SMEs and reshaping financial regulations show a strategic future direction. Continuous investment in infrastructure and trade relations, particularly with international partners, positions Vietnam favorably in the global market.
Original Source: en.vietnamplus.vn
