The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
VOV.VN - With the export of several agricultural products such as rubber, coffee, and pepper gradually recovering, there remains a positive outlook ahead for export growth to major markets in the second quarter of the year, according to details given by the Ministry of Industry and Trade.
The export of phones and components increased by less than 1% year-on-year and is forecast to continue to face difficulties this year due to the impact of inflation in many countries around the world.
Surmounting difficulties to boost economic recovery, Vietnam is expected to post a foreign trade record of US$780 billion in 2022.
The trade turnover between Vietnam and the European Union (EU) reached US$52.5 billion in the first ten months of this year, up 14% over the same period last year, according to the Ministry of Industry and Trade (MoIT).
VOV.VN - Following the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), there remains ample room to accelerate Vietnamese exports to the German market moving forward, according to industry insiders.
VOV.VN - Vietnam raked in more than US$14 billion from exports in the first half of October, with electronics, garments and footwear bringing in the largest turnover.
Soaring inflation, rising production costs and fluctuation in exchange rates have caused great difficulties for production and import-export activities, and will linger on to the rest of the year.
VOV.VN - Vietnam recorded high export growth to the United States, the EU, and the Republic of Korea (RoK) during the past seven months of the year, according to data compiled by the General Statistics Office (GSO).
Vietnam needs to speed up transformation towards an efficiency and innovation-driven growth model to meet requirements of sustainable and inclusive development, experts have said.