Several of Vietnam’s key export sectors, such as textile-garment, leather-footwear, and electronics have become magnets for merger and acquisition (M&As) activities, posing a risk of leading enterprises in those sectors being purchased by foreign investors.
Vietnam exported 428,000 tonnes of coffee worth US$771 million in the first quarter of 2021, down 17% in volume and 11.3% in value year on year, according to the Ministry of Agriculture and Rural Development (MARD).
VOV.VN - Lao Cai border gate continued to record robust growth in terms of import and export activities, with the value of goods and other services moving across the nation’s northern border reaching approximately US$950 million during the first quarter of the year, a rise of 75% compared to the same period from 2020.
Shipments of products from the processing industry brought in about US$67.39 billion in the first quarter of this year, representing 87.13% of Vietnam’s total export value during the period.
Despite the impacts from the COVID-19 pandemic, wood and wooden product exports still posted impressive growth due to the efforts of many businesses to apply advanced technology, develop new products, and make use of online marketing channels.
The target of Vietnam earning US$39 billion from garment and textile exports in 2021 is perfectly feasible, Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), has said.
The agricultural sector needs to focus on developing raw materials to reduce the dependence on imports as well as improve processing capacity, experts said.
The recent debut of the Vietnam-EU e-commerce platform (VEFTA) is expected to boost Vietnam’s exports to the EU market, experts have said.
VOV.VN - Vietnam’s rice exports recorded a sharp increase in the first half of March in comparison to the previous period from last year, with Thailand emerging as a key market, according to the Ministry of Industry and Trade (MoIT).
VOV.VN - The shrimp exports of province in the Mekong Delta region have witnessed robust growth to the European market during the early months of the year, according to figures released by the Department of Industry and Trade of the Mekong Delta provinces.