Vietnam should focus on Malaysia for exports, especially food and beverages, during the post-pandemic economic recovery, heard a workshop held in Ho Chi Minh City on June 2.

Vietnam’s fishery export hit US$1 billion in May, up 27% year-on-year but down from the US$1.1 billion recorded in the previous month, the Vietnam Association of Seafood Exporters and Producers (VASEP) reported.

A virtual conference looking to bolster shipments of Vietnam’s aquatic products to member nations of the Regional Comprehensive Economic Partnership (RCEP) is being held on May 30 and 31.

Vietnam has great potential to increase fruit exports to the US in the future, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development.

VOV.VN - The import-export value of foreign direct investment (FDI) firms reached US$187.3 billion during the five months of the year, representing a year-on-year rise of 14.3%, with exports growing by 13.3% to US$98.8 billion, according to the General Department of Vietnam Customs.

Commercial banks have stepped up lending to export firms, especially those in industrial parks and export processing zones, as exports of many goods have grown strongly this year.

Taking advantage of free trade agreements and flexibly adapting to world unstable development, Vietnam’s spearhead economies such as fisheries, garment and textiles and wood production are accelerating exports to increase turnover.

Room for growth is ample for Vietnamese plastic exports, as Australian demand has risen steadily in recent years.

VOV.VN - Vietnamese shrimp exports hit a record high of US$1.4 billion in the opening four months of the year, rising by 45% against the same period from last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.