Dwindling demands in the global market are posing challenges to Vietnam to meet its considerable export target for this year.

As a member of 19 underway free trade agreements (FTA), Vietnam has enjoyed great opportunities to expand markets and strengthen the commercialisation of its products and services in the future, according to experts.

Vietnam’s economy has begun to gather steam again since the start of the third quarter of this year, helping consolidate confidence of businesses and investors, experts have said.

Vietnam’s agro-forestry-aquatic product exports raked in US$29.13 billion in the first seven months of 2023, while its imports reached US$23.25 billion, resulting in a trade surplus of US$5.88 billion, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.

VOV.VN - The Vietnamese economy witnessed plenty of positive signs in the first seven months of the year as the country lured US$16.24 billion in foreign direct investment (FDI), up 4.5% year on year, whilst it recorded a trade surplus of about US$15.23 billion, marking an increase of 1.34% over the same period last year.

VOV.VN - Vietnam racked up a trade surplus of US$15.23 billion during the initial seven months of the year compared to US$1.34 billion recorded in the same period from last year, according to information given by the General Statistics Office (GSO).

The Vietnam – US trade relations are enjoying strong growth after the US concluded its investigation related to Section 301 into Vietnam’s alleged import and use of timber illegally harvested or traded, and removed Vietnam from its currency manipulation list, said Trade Counsellor of Vietnam in the US Do Ngoc Hung.

As the global production shift intensifies, remarkable prospects for transformation present themselves within the electronic parts supply industry, according to the Vietnam Association for Supporting Industries (VASI).

VOV.VN - Vietnam’s economic growth this year can reach up to 6.46% in the best-case scenario, the Central Institute for Economic Management (CIEM) announced during a workshop organised on July 10 in Hanoi.

VOV.VN - Despite encountering numerous difficulties this year, especially the impact of complications globally, the national economy is now showing positive signs moving towards the second half of the year, Minister of Planning and Investment Nguyen Chi Dung has said.