Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for public investment in order to shift to a greener and more sustainable economy, a local official has said.
Fruit and vegetable exports have risen by 89.2% this year to US$459 million due to a surge in demand from China, according to the Vietnam Fruit and Vegetable Association.
Officials from Việt Nam’s Ministry of Industry and Trade (MoIT) and the UAE Ministry of Economy have agreed to speed up the negotiation for a comprehensive economic partnership agreement (CEPA) between the two countries.
In December alone, Vietnamese seafood exports to Canada surged 14.2% to US$21.8 million compared to December 2022. This is the fourth consecutive month that exports to the demanding market has witnessed an increase compared to last year’s corresponding period.
The prices of farm produce climbed to new high in 2023. Tens of thousands of durian farmers have become dong billionaires, while the incomes of rice and coffee farmers increased by twofold.
Thailand surpassed Indonesia last year to become Vietnam’s largest car exporter with imports from the country accounting for 45 percent in quantity and 40.5 percent in value.
As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade announced Monday that it will concentrate on leveraging the free trade agreements (FTAs) that are currently in effect, as well as signing and implementing new FTAs to expand and diversify markets, import-export products, and supply chains.
The Việt Nam Association of Seafood Exporters and Producers (VASEP) forecasts Việt Nam’s seafood exports in the first half of 2024 will recover slightly compared to last year’s low base.
In 2023, canned tuna exports to Germany, the Netherlands and Italy all increased, especially exports to Italy rose by 456% compared to 2022.
Cooperation in economy, trade, and investment an important pillar in bilateral relations, Romanian PM said during talks with visiting Vietnamese PM.
Vietnamese businesses should make greater efforts to tap the potential of seafood exports to Switzerland, a trade official said.
Việt Nam’s economy is projected to grow by 6 per cent this year, rebounding from a slowdown in 2023, driven by the expectation of export recovery, as per the January update from the ASEAN+3 Macroeconomic Research Office (AMRO).
More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development.
Southern economic hub earned $42.46 billion from exports last year.
Vietnam exported more than 8 million tonnes of rice in 2023, and the Philippines was the largest rice buyer, according to the General Department of Customs.
The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.
The Vietnam Trade Office in the Netherlands has warned of online fraud cases, particularly related to petroleum products, amidst the high demand for this category of goods.
The Vietnam Trade Office in Spain has warned domestic enterprises to be cautious when signing contracts with Spanish businesses to avoid risks.
Two-way trade turnover between Vietnam and the European Union last year fell 5.3% to US$72.3 billion, resulting in US$34.3 billion in trade surplus.