Vietnam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during the Lunar New Year (Tet) Festival, experts have said.

VOV.VN - International friends have noted their appreciation for the nation’s efforts to combat the novel coronavirus (COVID-19), its effective national management policies, and efforts to maintain positive economic growth amid a global downturn, Vietnamese Ambassador to India Pham Sanh Chau shared in a recent interview with VOV.

Foreign media have run several articles highlighting Vietnam’s economic success given a struggling world plagued by the COVID-19 pandemic.

VOV.VN - Despite suffering the impact of the CoVID-19 pandemic, bilateral cooperation in both trade and investment has grown steadily, with Singapore maintaining the leading investment position in Vietnam.

VOV.VN - The growth of cheap chicken imports in recent times has put greater competitive pressure on domestic products, thereby causing plenty of difficulties to domestic chicken producers, according to insiders.

VOV.VN - Following the fulfillment of targets set for 2020, the industry and trade sector made positive contributions to overall economic growth at 2.91%, helping the nation maintain its steady growth momentum in import-export activities with a total turnover of over US$500 billion for the second consecutive year.

VOV.VN - Despite facing several trade remedy cases and tax evasion lawsuits over the coming year, the forestry sector has set a target of achieving an export target of US$14 billion, according to industry insiders.

VOV.VN - The nation has great potential to bolster exports to Mexico, Peru, and Chile, three Latin American countries who have made high tariff-reduction commitments in line with the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Vietnam Association of Seafood Producers and Exporters (VASEP) said it plans several measures to help its members further penetrate the global supply chain and enable the fisheries sector to reach its export target of US$12 billion in 2025, 40% higher than this year.

VOV.VN - Despite accounting for a mere 14% of the national population and 27% of the local workforce, the annual working-class contribution to the nation makes up more than 65% of GDP and over 70% of the annual State budget.