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Unlocking Trade Potential: Nghe An’s Soaring Exports Reach $2.33 Billion Landmark in Seven Months
"The manufacturing industry, exports, retail sales, and revenue collection all exhibited positive growth in July 2025, painting a vibrant picture of Nghe An's economic landscape. However, the aftermath of Tropical Storm No. 3 inflicted severe damage on many western localities in the province, underscoring the urgent need for recovery and development initiatives."
“Rebounding Trade: Surging Exports Drive a $10 Billion Trade Surplus”
The trade sector witnessed a robust recovery in July 2025, with a notable 8% growth compared to the previous month. This surge in import and export activities pushed the total trade turnover for the first seven months of 2025 to an impressive $514.7 billion, marking a 16.3% increase from the same period last year.
“Racing” Against Countervailing Duties, Seafood Exports Surge by Over 17%
The seafood industry's export performance in the first seven months of 2025 has been impressive, reaching 6.22 billion USD, a substantial 17.2% increase compared to the same period last year. However, this success hides a frantic race against time for many exporters, who rushed to expedite orders to the US before the implementation of new retaliatory tariffs on August 1, 2025, as announced by the US in early July 2025.
