Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade.

VOV.VN - Vietnam’s fruit and vegetable exports are projected to grow by 15% to 20% to reach a new record of between US$6 billion and US$7 billion in 2024, according to predictions released by the Ministry of Agriculture and Rural Development (MARD).

Minister of Industry and Trade Nguyen Hong Dien has affirmed the determination to strengthen trade promotion and export to major markets, optimising free trade agreements (FTA), making full use of opportunities, and actively responding to challenges in 2024.

An additional 99 aquaculture establishments were licensed to export to the Republic of Korea (RoK), the European Union, China, the US and Russia in 2023, according to the Ministry of Agriculture and Rural Development’s National Authority for Agro-Forestry-Fishery Quality, Processing and Market Development (NAFIQPM).

VOV.VN - What will seafood exports be like in 2004 amid markets continuing to face difficulties, especially after last year’s seafood exports failed to fulfil the set target, reaching only US$9 billion.

VOV.VN - Vietnam exported 267,000 tonnes of pepper worth US$912 million last year, posting an increase of 16.6% in volume, but a decrease of 6.0% in value compared to figures from 2022, according to details given by the Ministry of Industry and Trade.

More than 255 tonnes of durian were exported to China via border gates in the northern province of Lao Cai in the first three days of 2024, earning nearly US$1 million, according to Lao Cai Border Gate Customs Office.

VOV.VN - Fruit and vegetables, rice, coffee, cashewnuts, and pepper are expected to bring large amounts of hard currency to the national coffers in 2024.

Vietnam's exports to the EU and the US in 2023 were estimated to reach around US$166 billion, a 9.6% decrease while imports were estimated at nearly US$41 billion, a 9.1% drop in comparison to 2022.

Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning US$4.18 billion, down 9.6% in volume but up 3.1% in value year-on-year.