In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam’s largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
The Ho Chi Minh City Export Forum and Fair 2024 will be held in the southern metropolis on May 8-11, the municipal Department of Industry and Trade announced on February 22.
Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over 2.9 billion SGD (2.16 billion USD), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.
The Ministry of Industry and Trade (MoIT) will take measures to promote economic, trade and investment cooperation between Vietnam and five Central Asian countries (C5) of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
Cassava recorded the strongest export growth rate in January, as Vietnam shipped 76,118 tonnes abroad, earning 19.9 million USD, up 369.6% month-on-month in volume and 340.8% in value, according to the General Department of Vietnam Customs.
Vietnam’s exports are showing signs of recovery, driven by computer, electronics and smartphones, according to investment fund VinaCapital.
Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam’s VinFast Auto has announced that it will break ground at its integrated electric vehicle (EV) manufacturing site in Thoothukudi City, Tamil Nadu on February 25.
The Export Development Canada (EDC) recently coordinated with the Vietnamese Trade Office in the country to organise a seminar to update Việt Nam’s economic situation and evaluate its performance in the global supply chain.
Vietnam’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.
The EU and the United States will remain Vietnam’s major export markets in the year ahead, with plenty of opportunities to increase key export products again amid many challenges in which local businesses need to outline proper orientations aimed at dealing with future issues, according to forecasts made by the Ministry of Industry and Trade (MoIT).
Phone and components recorded the largest export value of US$282.8 million during the first days of Lunar New Year, known locally as Tet, according to statistics compiled by the General Department of Vietnam Customs.
Vietnam’s export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.
Ho Chi Minh City Customs Department said, in the first month of 2024, total trade turnover of the unit recorded a year-on-year rise of 24.54% or US$1.92 billion to US$9.74 billion
Vietnam earned more than $14 million from longan exports last year, an increase of nearly 2.5 times compared to 2022, according to General Department of Vietnam Customs.
Vietnam’s rice exports are expected to continue their upward trajectory this year, toward a milestone of 5 billion USD in turnover.
The US Department of Commerce (DOC) has issued a notice regarding the acceptance period for requests for antidumping and countervailing duty administrative reviews regarding certain imported products from Vietnam, according to the Trade Remedies Authority of Vietnam.
Export activities bustled on the first workday after the Lunar New Year (Tết) holiday on February 15 with many batches of goods departing for foreign markets such as the US, the EU and Australia.
Y Pot Niê, 36, an E De ethnic man, stands at his booth at the eighth National Farmers Forum, taking place in Hanoi, and inviting visitors to try a cup of his coffee.
The strong recovery of industrial production, the exponential rise in exports, abundant goods supply, and good revenue from services in January paint a rosy picture for the domestic industry and trade sector this year.