VOV.VN - China has long been Vietnam’s top trading partner, with bilateral trade soaring to approximately US$172 billion by 2023, while the Vietnamese side claims the title of being China's largest trading partner within ASEAN and fifth in the world overall.
Vietnam's GDP in the first quarter of 2024 will grow by around 5.5% as predicted, according to experts and thinktanks.
Vietnam's exports to the US have steadily rebounded since late last year, experiencing robust growth in export value during the first two months of 2024.
Vietnam’s exports have been on a path of recovery since the beginning of the year.
Minister of Industry and Trade Nguyen Hong Dien has proposed that Vietnam and Bulgaria enhance discussions to boost cooperation in agriculture, chemicals and pharmaceuticals while exploring joint development in foundational industries like materials, manufacturing and processing, and renewable energy.
Vietnam became the 10th largest trading partner of Singapore in January, with two-way trade turnover reaching over SGD2.9 billion (US$2.16 billion), up 18.08% over the same period last year, according to the Vietnam Trade Office in the island nation.
VOV.VN - Rising confidence among consumers in the United States is anticipated to help new Vietnamese export orders as they continue to increase over the months ahead, according to investment management firm VinaCapital
VOV.VN - There are positive signs ahead for Vietnamese exports in 2024 thanks to the recovery of the global economy, increasing consumption demand, and the effective enforcement of free trade agreements (FTAs).
VOV.VN - In order to achieve the export growth target of 6% set for 2024, businesses are required to adhere to major markets such as the United States, the European Union, Japan, the Republic of Korea, and China, according to insiders.
Vietnam serves as chair of the sessions on food safety and sanitary and phytosanitary measures during this time’s negotiations on the upgrade of the ASEAN - China Free Trade Area (ACFTA), expected to further facilitate Vietnam and the Association of Southeast Asian Nations (ASEAN)’s exports to China.