Vietnam’s pepper export earnings surged by 40.8% year-on-year to US$764.2 million in the first seven months of this year, despite a slight decline of 2.2% in export volume, according to the Vietnam Pepper and Spice Association (VPSA).
Despite facing many difficulties and competition from many countries, Vietnamese shrimp exporters have proactive strategies to maintain exports by shifting export markets to avoid dependence on traditional import markets.
VOV.VN - The Ministry of Agriculture and Rural Development (MARD) and the Ministry of Industry and Trade (MoIT) proposed establishing the National Rice Council to address rice-related issues at a working session in Hanoi on August 6.
Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.
Vietnam could reach the GDP growth target of 6-6.5% set by the National Assembly on the back of strong investment, export, and consumption, according to experts.
Ho Chi Minh City will accelerate public spending, stimulate consumption, and expand export markets to achieve a growth rate of 7.5% this year, its leader has said.
Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year.
The billion-USD Halal market, fueled by a surging global Muslim population, is considered one of the drivers for Vietnam's exports in the future.
VOV.VN - Vietnamese businesses exported 5.18 million tonnes of rice during the first seven months of the year, earning US$3.27 billion, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam was the second largest importer of Lao products in June this year, with a total value reaching US$115 million, according to the Lao Trade Portal (LTP).