The textile and garment sector has predicted that difficulties will remain for its exports in the first half of 2023, but there are also silver linings it can pin hopes on.

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year, said Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) Luong Hoang Thai.

Vietnam spent around US$8.12 billion importing 7.89 million tons of fuel between January and November, up 23.9% in volume and 119.6% in value versus the year-ago period, according to the General Department of Vietnam Customs.

About 6.07 million tonnes of rice worth US$2.94 billion was exported in the first 10 months of 2022, up 17.2% in volume and 7.4% in value year on year, according to the Ministry of Agriculture and Rural Development (MARD).

Since the Republic of Korea (RoK) started to invest in Vietnam in the 1990s, especially since the two countries set up their bilateral diplomatic relations in 2009, the country has become an important investor of Vietnam with capital rising year after year.

Vietnam’s foreign trade of agro, forestry and aquatic products hit some US$74.7 billion in the first nine months of 2022, a year-on-year rise of 10.7%, according to latest data released by the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Seafood exports to the Russian market have recorded strong signs of recovery, with export revenue this year estimated to reach over US$190 million.

Import-export revenue of agro-forestry-aquatic products was estimated to reach US$66.2 billion in the first eight months of 2022, up 8.7% year on year, of which export turnover hit about US$36.3 billion, a year-on-year rise of 13.1%, reported the Ministry of Agriculture and Rural Development.

Vietnam’s export revenue in 2022 is expected to reach about US$368 billion, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT).

VOV.VN - The first seven months of the year has seen five groups of commodities rake in more than US$10 billion each in export earnings, accounting for 58.5% of the country’s total export revenue.