While 2020 has been a successful year for Vietnamese rice exports, more must be done to accelerate the development of the national rice brand, experts have said.

Vietnam’s tea industry is projected to meet the targets set for this year and earn total revenue of some US$522 million, with green tea making up 51% and black tea 48%.

Wood export turnover this year is expected to reach a record high of nearly US$12.5 billion despite the COVID-19 impact, as well as risks from export markets and the country’s policy changes in controlling the legality of imported wood materials.

Steel exports in November surged 21.52% month on month and 40% year on year, reaching more than 478,300 tonnes, reported the Vietnam Steel Association (VSA).

VOV.VN - Vietnam has emerged as the sixth largest wooden furniture exporter to the UK, grossing an export value of approximately US$422 million last year to make up 3.6% of the import market share, according to the Ministry of Industry and Trade.

VOV.VN - The first half of December has witnessed Vietnamese import-export turnover reach over US$25 billion, thereby increasing the turnover rate over the previous 11 months to more than US$515 billion, similar to 2019’s figure of approximately US$517.26 billion, according to the General Department of Customs.

VOV.VN - A seminar to disseminate information relating to the Vietnam-Cuba Trade Agreement was held on December 18 with the aim of helping local businesses boost exports to the Cuban market.

VOV.VN - Vietnamese dragon fruit exports to China are anticipated to face numerous difficulties due to the cultivation area of dragon fruit in the northern neighbour set to grow in a rapid manner moving forward, according forecasts made by the Import-Export Department.

Export revenue in 2020 is estimated to reach US$267 billion while imports are to reach US$260 billion, resulting in a trade surplus of some US$7 billion, according to Deputy Minister of Industry and Trade Do Thang Hai.

Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Vietnam next year under the Vietnam-EAEU Free Trade Agreement.