VOV.VN - The recovery of two-way trade between Vietnam and the Republic of Korea has been on the right this year following a stiff fall last year, with the import-export turnover hitting US$38.4 billion in the first six months of 2024.

VOV.VN - Vietnam and New Zealand will deploy bold cooperation measures to raise their two-way trade turnover to US$3 billion by 2026 from more than US$1.32 billion recorded in 2023.

The Ministry of Industry and Trade (MoIT) will continue to focus on and tie into solutions to develop foreign exports, in which Northeast Asia and its prime markets, is one of the focal points.

The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.

Imported fertiliser volume soared in March, with China being the biggest supplier, according to preliminary statistics from the General Department of Customs.

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

Vietnamese Ambassador to Australia Pham Hung Tam met with Senator Tim Ayres, Assistant Minister for Trade and Manufacturing of Australia, in Canberra on March 27, during which the Australian official spoke highly of positive developments in the relations between the two countries.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan attended the 30th ASEAN Economic Ministers’ Retreat in Luang Prabang, Laos, on March 8-9, during which he expressed Vietnam’s support for Laos' priority economic cooperation initiatives in its ASEAN Chairmanship Year 2024.

The visit to Vietnam from January 11-13 by Indonesian President Joko Widodo is expected to further tighten the Vietnam-Indonesia strategic partnership and deepen their bilateral cooperation.

VOV.VN - Trade exchange and trade promotion activities have been enhanced by Vietnamese and Korean businesses this year with a view to elevating two-way trade turnover to US$100 billion moving forward.