Vietnam's goods exports to the European Union (EU) market are expected to get brighter than in 2021 as Vietnamese businesses are better taking advantage of incentives of the EU-Vietnam Free Trade Agreement (EVFTA), according to trade experts.

Shipments of fishery products are estimated to rake in US$8.89 billion in 2021, posting a year-on-year rise of 5.7%, said Nguyen Quang Hung, deputy head of the Ministry of Agriculture and Rural Development’s Directorate of Fisheries.

Vietnamese businesses had 320 codes of agricultural and food products licensed to be exported to China as of 11am on December 24, according to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).

The Republic of Korea (RoK) and Japan are eyeing bigger shares of Vietnam’s agricultural product and food market, given that the festive season is approaching with growing customer demand.

VOV.VN - Vietnam’s spectacular export growth can largely be attributed to the fact that local firms have effectively maintained traditional export markets and maximised the benefits of new-generation free trade agreements (FTAs), according to industry insiders.

Vietnam’s export of animal feed and materials surpassed US$1 billion for the first time to US$1.049 billion from early this year to mid-December, reported the General Department of Vietnam Customs.

VOV.VN - Vietnam's import and export value had reached US$633 billion by mid-December, with the country posting a trade surplus of approximately US$1.7 billion, according to statistics given by the General Department of Vietnam Customs.

VOV.VN - Russia’s pork exports to the nation endured an annual drop of 39% in November due to the country’s abundant domestic supply and growing competition from the United States, according to the Russia Federal Center for the Development of Export of Agricultural Products (Agroexport).

VOV.VN - Two-way trade turnover between the nation and Laos reached more than US$1.2 billion during the past 11 months of the year, up 33.8% from the same period last year, according to figures given by the Vietnam Trade Office in Laos.

VOV.VN - Despite the impact of the COVID-19 pandemic, Vietnam’s total import-export value is expected to reach a record high at US$660 billion this year, according to the General Department of Vietnam Customs.