(VOVWORLD) - Vietnam’s exports next year will continue to post double-digit growth thanks to the momentum from 2024, according to an investment conference held Thursday in Hanoi.
 Illustration photo by VOV
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The Ministry of Industry and Trade said total export turnover in 10 months increased 15.8%, nearly three times the 6% targeted by the Government this year. Trade maintained a strong surplus, the Ministry said, adding that inflation in Vietnam's main export markets, the US and Europe, was controlled and purchasing power picked up again, helping Vietnamese businesses expand to more customers.
Investment attraction remained strong and Vietnam is looking to receive new investment from US semiconductor and other high tech companies. Mr. Luong Van Khoi, Deputy Director of the Central Institute for Economic Management, said:
“Exports will continue to show a strong upward trend as we currently have 16 Free Trade Agreements, including new-generation FTAs like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP). These are markets that we have effectively leveraged, contributing significantly to trade growth. And the shift of investment flows from neighboring countries to Vietnam has been increasing substantially.”
Vietnam will focus on research, development, and application of new digital technologies such as AI, blockchain, and virtual reality to develop national digital platforms and industry digital platforms serving socio-economic development.