Vietnam’s coffee exports reached 1.72 billion USD in early 2025, while aquatic products saw a year-on-year increase of 44.5%. The financial sector supports SMEs through new initiatives. Reforms in customs and infrastructure developments are enhancing operational capacities. The country projects an export revenue of 454 billion USD despite global market challenges.
Vietnam’s coffee exports have achieved significant growth, reaching 1.72 billion USD within the first two months of the year. In the same period, aquatic product exports also saw remarkable success, totaling 655 million USD in February, marking a 44.5% increase year-on-year. These developments signal a robust start for Vietnam’s primary industries in 2025, with total aquatic exports standing at 1.42 billion USD, up 19% compared to last year.
On March 18, the State Bank of Vietnam set the daily reference exchange rate at 24,793 VND per USD, reflecting a slight decrease of 1 VND from the prior day. The Government’s financial ministry continues to support small and medium-sized enterprises (SMEs) by fostering connections with financing institutions, thereby enhancing sustainable business operations.
An ongoing initiative backed by a 5 million Swiss Francs grant aims to improve supply chain finance for over 500,000 SMEs in Vietnam, offering access to financing up to 35 billion USD until 2029. Meanwhile, the central bank is developing a roadmap to abolish the credit growth quota policy, which has been in effect since 2011.
In HCM City, outstanding credit levels decreased by 0.17% from December, although they remain 12.2% higher year-on-year, indicating a complex lending landscape. The e-tax system, which briefly suspended operations from March 12 to 17, has resumed in full capacity to enhance tax management practices.
Recent reforms in Vietnam’s customs sector have resulted in increased efficiency, managing 1.05 billion USD in trade on the first day of its new operational model. Additionally, the industrial real estate sector anticipates growth fueled by the removal of legal obstacles, which will attract foreign direct investment (FDI).
Vietnam Airlines and Vietjet Air will begin operations from the newly constructed Terminal T3 at Tan Son Nhat International Airport, designed to accommodate 20 million passengers annually. The terminal’s total investment stands at nearly 11 trillion VND (431.2 million USD), representing significant infrastructure development.
Furthermore, Vietnam aims for a total export revenue of 454 billion USD amidst ongoing global challenges, with the latest figures showing a trade surplus of 235 million USD as exports totaled 65.2 billion USD in January-February. Regarding international cooperation, Vietnam is expanding its airline routes and focusing on energy collaborations with the United States. The country is also being recognized for its potential as an international financial center, leveraging its foundational strengths.
The initial months of 2025 have highlighted Vietnam’s strong export performance in key sectors, particularly coffee and aquatic products. The strategic reforms in the financial and customs sectors aim to enhance operational efficiency and support SMEs, contributing to a resilient economic outlook. Major infrastructural developments at Tan Son Nhat International Airport and prospective expansions in international trade further position Vietnam as a vital player on the global stage.
Original Source: en.vietnamplus.vn
