The US remains the largest consumer of Vietnamese wood products, accounting for 49.2% of the total export turnover. China and Japan follow as the second and third largest markets.
The Singapore-headquartered bank maintains its growth forecast for the fourth quarter of 2025 at 7.2 per cent and adjusts the full-year 2025 growth forecast for Vietnam to 7.7 per cent from the previous 7.5 per cent.
Vietnam will face a number of hurdles as it strives to post double-digit growth in the years ahead, including low public investment efficiency, global trade tensions, and capital misallocation in key sectors.
During a working session with the provincial leaders on February 9, PM Chinh suggested the province to mobilize resources and create motives for growth.
In an exclusive interview with VET’s Dinh Pham Tran, Ambassador of Singapore to Vietnam, H.E. Jaya Ratnam, spoke of how the two countries could strengthen their relationship for a more resilient and sustainable Southeast Asia in the face of the common threat of climate change.