Tiếng Việt
中文 (中国)Amid rising global trade uncertainties, Vietnam is stepping up efforts to sustain export growth and achieve its 2026 economic target of over 10%. Prime Minister Pham Minh Chinh has issued Directive No. 23/CĐ-TTg dated March 16, outlining key tasks and solutions to promote exports this year.
In the first two months of 2026, Vietnam’s total trade turnover reached $155.7 billion, up 22.3% year-on-year. Exports accounted for $76.4 billion (up 18.3%), while imports reached $79.3 billion (up 26.3%). However, global conditions have become increasingly volatile since early March, with geopolitical tensions in the Middle East driving up energy prices and logistics costs, while tariff policies remain unpredictable.
To adapt effectively, the government emphasized the need to diversify export markets, products, and supply chains, while removing bottlenecks faced by businesses.Vietnam will continue leveraging existing free trade agreements (FTAs), particularly those with the EU, the UK, the Eurasian Economic Union, and the CPTPP. At the same time, efforts will be accelerated to negotiate new FTAs with Latin America, the Middle East, and South Asia. Emerging markets such as Halal economies, Africa, and the Middle East are also identified as key growth drivers.
Ensuring stable energy supply, especially fuel, is a top priority to support production and exports. The government also plans to upgrade transport infrastructure, seaports, and logistics systems to reduce costs. The State Bank of Vietnam is tasked with maintaining flexible exchange rates and improving credit access for exporters, while the Ministry of Finance will review tax policies and strengthen trade controls.
In agriculture, authorities will focus on expanding processing capacity, strengthening raw material zones, and opening new markets for key products. Addressing issues such as the IUU “yellow card” is also a priority. Businesses are encouraged to invest in technology, develop green products, and meet international standards to improve competitiveness.
The government’s strategy aims not only to increase export value but also to restructure the economy toward sustainability, reduce reliance on raw exports, and expand niche markets. With coordinated efforts across sectors, Vietnam is expected to maintain strong export momentum despite global uncertainties.