Hanoi Handicrafts Reach 89 International Markets, Driving Economic Growth

Hanoi’s traditional craft villages are finding new ways to keep their cultural heritage relevant and competitive in modern life by combining centuries-old craftsmanship with contemporary design. Amid Vietnam’s push to redefine progress beyond pure GDP growth, the Politburo’s Resolution 80-NQ/TW delivers a sharp message that culture is no longer a sidekick, but must lead and shape national development. The recognition is not only a source of pride for the capital but also creates opportunities to promote these craft villages globally, strengthen international connections, and support their sustainable development in the process of global integration. Domestically, the agricultural sector is also undergoing transformation. Farmers are gradually embracing advances in science and technology and digital transformation, providing an important impetus for the agricultural sector to shift toward modern production in line with Politburo Resolution No. 19-NQ/TW dated June 16, 2022. Economically, strict compliance with market requirements is crucial for achieving export targets. Obstacles to bilateral trade between Vietnam and the Eurasian Economic Union (EAEU) are being addressed, with a focus on eliminating safeguard measures on Vietnamese textile and garment products and expanding fishery product exports to the Russian market. The exchange rate is fluctuating within a trading band of +/- 5%, with the ceiling rate for commercial banks at 26,876 VND/USD and the floor rate at 24,316 VND/USD. The State Bank of Vietnam set the daily reference exchange rate at 25,591 VND/USD on September 10, down 3 VND from the previous day. Vietnam and India can achieve the target of raising bilateral trade to 25 billion USD by 2030, though ambitious, with strong determination from both sides. In terms of business activities, Honda Vietnam sold 862,105 motorcycles during the first five months of its 2026-2027 fiscal year (April-August), a 0.2% decrease from the same period last year. Meanwhile, a Ho Chi Minh City project, part of TikTok’s ecosystem, has a total registered capital of VND 25.85 trillion ($980 million USD) and is slated to begin in November 2026. Chinese investment is concentrated in Can Tho city, with 35 projects receiving nearly $1.2 billion USD. From January to July 2026, Can Tho’s exports to China reached $77.5 million USD, while imports stood at $64.7 million USD. Source: VietnamPlus English