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.
Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market.
Vietnam's exports to the EU and the US in 2023 were estimated to reach around US$166 billion, a 9.6% decrease while imports were estimated at nearly US$41 billion, a 9.1% drop in comparison to 2022.
VOV.VN - Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.
Together with electronic devices, agricultural products like rice, coffee, tea, pepper, chilli, dragon fruit and processed food are Vietnam’s key export items to Guangdong, China, according to an official.