Vietnam Boosts Export Growth Amid Global Uncertainty, Accelerates New Energy Economy Transition

Vietnam's economy has built a relatively favourable position in the first six months of the year, with GDP expanding 8.18% – the highest first-half growth rate in recent years – as key growth drivers have operated in tandem. Amid persistent uncertainty in global commerce, the Government is implementing a broad range of measures to strengthen export growth during the remainder of the year. These include expanding overseas markets through economic diplomacy, maximising the benefits of free trade agreements (FTAs), streamlining administrative procedures, reducing logistics costs, improving access to credit, and helping businesses overcome trade barriers. Authorities are also encouraging deeper processing, official cross-border exports, and greater market diversification to improve the competitiveness of Vietnamese products. The continued choice of Vietnam by global buyers as a sourcing destination reflects the country’s growing position in international supply chains. In particular, the CPTPP has significantly expanded Vietnam's access to major markets across North America, the EU, and the Asia-Pacific, contributing to strong export growth in key sectors such as textiles and garments, footwear, and agricultural, forestry and fishery products. The agreement has also encouraged greater investment into Vietnam by promoting regional production networks and clearer rules of origin. Concurrently, Vietnam is accelerating its transition towards a new energy economy, where value will increasingly come not only from underground resources but also from technology, data, infrastructure, operational capabilities, and supply chain connectivity. In this vein, Hanoi is strengthening its semiconductor ecosystem, creating a new growth driver for both the capital and the country, enhancing Vietnam's technological capabilities and paving the way for deeper integration into the global semiconductor value chain. Furthermore, a 42MW wind farm is expected to generate about 123,780.8 MWh of electricity each year, demonstrating the nation's commitment to renewable energy. Sustained economic growth will require more than just expanding production capacity; it necessitates greater productivity, higher value addition, stronger domestic sourcing, broader market diversification, and faster digital and green transformation. The government is shifting towards a more targeted approach, focusing on identifying and assisting businesses with outstanding growth potential, rather than applying broad-based support policies. These initiatives are expected to lay the foundation for Vietnam to secure a stronger position in the global economy and achieve sustainable growth.