VOV.VN - Two-way trade turnover between Vietnam and the European Union last year fell 5.3% to US$72.3 billion, resulting in US$34.3 billion in trade surplus.

Reducing cost is top priority for Vietnamese businesses as high inflation has affected 94% of businesses surveyed in 2022, according to a new study by the Singapore-based United Overseas Bank (UOB).

VOV.VN - Vietnam’s phones, components and computers faced an unprecedented decline in export orders between the fourth quarter of last year and the first half of this year due to high inflation coupled with an economic downturn in major markets, according to details given by the Ministry of Industry and Trade.

VOV.VN - Vietnamese tuna exports to Israel during the initial five months of the year skyrocketed by 83% to nearly US$21 million despite experiencing a downward trajectory in some major markets throughout the Middle East, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnam exported approximately 766,000 tonnes of rubber worth US$1.05 billion in the first six months of 2023, down 2.6% in volume and down 22.9% in value against the same period last year, according to the General Department of Vietnam Customs.

VOV.VN - The export of wood and wooden products continued a downward trajectory, with the export value hitting US$5.1 billion over the past five months of this year to mark a year-on-year fall of 27%.

Vietnam witnessed declines in both exports and imports in the first four months of 2023, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.

VOV.VN - The garment industry has been struggling to deal with a serious shortage of export orders over the past few months, and the challenging period is forecast to last for several months more.

VOV.VN - Vietnamese exporters are required to swiftly grasp information in order to adjust production activities in line with market conditions amid global high inflation, along with rising domestic exchange rates and interest rates, according to insiders.

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.