Vietnam’s trade sector harvested inspiring achievements in 2023, being listed in the top 20 nations in trade scale.

VOV.VN - Based on the GDP growth rate in 2024, the Ministry of Industry and Trade has set a target of increasing export turnover this year by roughly 6%, equivalent to US$377 billion, with the trade balance maintaining a surplus of about US$15 billion.

VOV.VN - The management board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (Hepza) has set a target of attracting US$550 million in investment capital this year, averaging at US$8.5 million per ha.

VOV.VN - With the Philippines expected to import between 3.5 million and four million tonnes of rice this year, there are bright prospects ahead for Vietnamese rice exports to the market, according to Phung Van Thanh, Vietnamese Trade Counselor in the Philippines.

Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market.

VOV.VN - Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.

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).