Addressing a conference Monday to review the sector’s performance in 2024 and set tasks for next year, Son said Vietnam's trade in 2024 totaled 800 billion USD, and exports earned 403 billion USD. The year’s highlights were double-digit growth in export turnover and the recovery of key export items.

Deputy Prime Minister Son said that to unleash resources and attract more investment, we need to create a favorable, transparent legal environment and remove administrative procedure barriers for industrial production, trade, and distribution of goods.

“We also need to identify institution and policy building as one of three strategic breakthroughs with top priority given to implementing the revised Electricity Law and the policies the National Assembly approved at its 8th session on restarting the Ninh Thuan nuclear power project,” said Son.

He asked the industry and trade sector to adopt strong incentives for developing key industries, including mechanical metallurgy, mechanics, manufacturing, electronics, semiconductors, and materials, and to promote the development of support industries.