VOV.VN - Vietnamese shrimp exports are anticipated to undergo a series of challenges caused by the global inflation and economic downturn this year, leading to a decline in consumption demand in major markets, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - Vietnamese seafood currently has secured a firm foothold in the Australian market, accounting for 23% of Australia's total aquatic imports last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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.

Fisheries export value was estimated at US$1.85 billion in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The central bank likely will further cut interest rates in a near future, according to deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

VOV.VN - Vietnam’s export of several key agro-forestry-aquatic products endured a sharp drop on the impact of rising inflation globally, causing its first-quarter export turnover to decline by 14.4% year on year to US$11.2 billion, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The Ministry of Finance has developed several scenarios to gauge Vietnamese inflation this year, with the ultimate figure likely to be kept at between 3.9% and 4.8%.

VOV.VN - While external woes will likely continue over the near-term, some recovery in the tourism industry may partially cushion some headwinds faced by the national economy this year, according to HSBC experts.

VOV.VN - The Vietnamese economy is likely to recover strongly in the second quarter of the year, according Tim Leelahaphan, economist for Thailand and Vietnam at Standard Chartered.

VOV.VN - Amid global uncertainties, Vietnam has emerged as an important destination for foreign investors, serving as a driving force for economic growth moving forward, according to international news outlets.