Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.
The seafood industry grew rapidly in the third quarter of last year, but there are signs of a slowdown in the fourth quarter and it is expected to continue this year, particularly in large markets.
Seaports nationwide are still working through Lunar New Year (Tet) break to ensure that import-export activities are not disrupted, according to the Vietnam Maritime Administration (VMA).
Vietnamese fertiliser exports were riding high in 2022 with an aggregate volume of 1.7 million tonnes, bringing in over US$1 billion.
VOV.VN - Despite Vietnamese seafood exports reaching a record high of US$11 billion last year, the fisheries sector is anticipated to encounter numerous difficulties in the year ahead due to high inflation globally which will lead to consumers moving to tighten their spending.
VOV.VN - Five export products have earned more than US$1 billion each in the first half of January 2023, according to the Vietnam General Department of Customs.
The export turnover of wood and wood products is expected to set a record high of US$18 billion in 2023, with wood pellets and woodchips forecast to enter the one-billion USD club.
VOV.VN - The total import-export turnover of foreign-invested enterprises (FIEs) last year reached US$506.83 billion, representing an annual rise of 9.3% and making up more than two thirds of the country’s trade value, according to the latest statistics released by the General Department of Vietnam Customs.
VOV.VN - The agricultural sector is aiming to develop a circular agricultural economy whilst fully utilising incentives from the EU-Vietnam Free Trade Agreements (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to increase exports in the future.
VOV.VN - Vietnam enjoyed a trade surplus of US$12.4 billion last year, marking the seventh consecutive year that the country's export turnover stood at a higher rate compared to its import revenue.