Despite numerous challenges, Vietnam achieved positive socio-economic development with GDP growth exceeding 7%, creating momentum and confidence across the nation. The industry and trade sector contributed significantly to the nation’s economic growth with remarkable achievements:
1.Breakthroughs in policy development: Introducing and revising numerous laws, decrees, and circulars, especially in energy and industry. Key initiatives included restarting the nuclear power programme, addressing obstacles in renewable energy projects, and separating A0 from EVN to reform the national electricity system and market.
2. 500 kV circuit 3 transmission line milestone: Set records in construction time, workload, and resource mobilisation. The oil and gas sector is on track to exceed 1 quadrillion VND in revenue, with advancements in offshore oil, gas, and wind power projects.
3. Trade milestones: Import-export turnover neared 800 billion USD — the highest figure to date — with a trade surplus for the ninth consecutive year, reaching nearly 25 billion USD.
4. Industrial growth: Achieved 8.4% growth, with manufacturing and processing sectors increasing nearly 10%, driving macroeconomic development.
5. Market expansion: Major potential markets were opened in the Middle East, Africa, Southern Europe, and the Halal sector, highlighted by the signing of the Vietnam–UAE Comprehensive Economic Partnership Agreement (CEPA), paving the way for future FTAs.
6. E-commerce boom: Surpassing 25 billion USD in revenue and growing 20% from 2023, Vietnam ranks among the world’s top 10 fastest-growing e-commerce markets.
7. Domestic market growth: Expanded 9%, ensuring supply-demand stability and reinforcing the “Vietnamese people prioritise Vietnamese goods” campaign as a pillar of growth.
8.Trade promotion innovations: Accelerated digital and green transitions, raising Vietnam’s national brand value to over 500 billion USD for the first time, ranking 32nd globally.
9. Trade defence success: Proactively resolved trade disputes, protecting Vietnamese goods as they expand globally.
10. Streamlined operations: Implemented Resolution 18 to reduce subordinate units under ministries by nearly 18%, streamlining internal operations for greater efficiency.
