There are concrete signs that Vietnam’s exports are set to recover in the fourth quarter driven by a bottoming out of the US inventory cycle and by an acceleration in multinational firms’ movement of manufacturing to Vietnam.

VOV.VN - Fruit and vegetable exports during the past eight months stood at an estimated US$3.5 billion, up nearly 56% over the same period from last year, hitting a record high for the fruit and vegetable industry, according to statistics released by the General Department of Vietnam Customs.

VOV.VN - Vietnam's import and export turnover to the Asian market during the opening seven months of the year reached US$241.84 billion, accounting for the largest proportion at 65% of the total import and export value of Vietnamese goods to the world and a drop of 13.5% on-year, according to the General Department of Customs.

Although difficulties remained, enterprises expect to see slight improvements in orders in the coming months, pinning hopes on easing inflationary pressure for a better year in 2024.

Many foreign retail distributors, promoting strategies to diversify their supply chains and ensure a sustainable and resilient supply, have chosen Vietnam as a strategic location in the global supply chain, according to Ta Hoang Linh, Director of the European-American Market Department under the Ministry of Industry and Trade (MoIT).

The UK-Vietnam Free Trade Agreement (UKVFTA) has had a significant impact on Vietnam’s export-oriented industries, driving growth and opening up new opportunities for both countries, experts have said.

VOV.VN - After two consecutive months of sharp increase, fruit and vegetable export growth has slowed, with the export value reaching US$3.1 billion in the first seven months of the year, an increase of 60.5% over the same period from last year.

VOV.VN - Vietnamese coffee exports to New Zealand witnessed three-digit growth during the initial seven months of the year, raking in US$3.2 million in the process, up 106.5% in volume and 144.2% in value compared to the same period from last year, according to the Ministry of Industry and Trade.

VOV.VN - The International Trade Center (ITC) has made a strategic report for Vietnam's five priority export sectors, including electronics, eco-friendly goods, wood and furniture, agriculture, and garments and textiles.

The EU-Vietnam Free Trade Agreement (EVFTA), which has been effective for three years, has generated positive results, reflected by a record in the trade between Vietnam and the EU, including Germany, according to Dr. Daniel Müller, Regional Manager for ASEAN at the German Asia-Pacific Business Association.