VOV.VN - With exports to China recording positive growth last year, there remain plenty of opportunities for Vietnamese products to enter the lucrative market this year, according to insiders.

The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.

VOV.VN - Vietnam earned US$6.34 billion from exports to the UK last year, representing a notable increase of 4.6% year on year, despite the unfavourable impact of the recent global economic slowdown and high inflation.

Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade.

The Eurasia region, comprising 28 countries stretching from Eastern Europe to Central Asia with a population of more than 400 million and a total GDP of nearly US$4.5 trillion, is considered a potential export market of Vietnam, according to experts.

VOV.VN - China is the only market among Vietnam’s major export markets to record positive growth during the 11-month period, according to the latest figures released by the Ministry of Industry and Trade.

VOV.VN - Despite accounting for only a small share of overall exports, Vietnam’s agriculture exports have boomed with both rice and durians outperforming other items this year, according to HSBC’s latest report “Vietnam at a glance”.

Business transition in adaptation to a low-carbon consumption trend is inevitable for Vietnamese exporters who, in turn, should consider it a great opportunity to form relevant long-term visions and investments.

Despite a continued decrease in export turnover in the first eight months compared to the same period last year, the textile and garment industry has shown numerous signs of recovery and opportunities for stronger growth in the remaining months of 2023.

VOV.VN - Six Vietnamese commodities raked in more than US$10 billion each in export earnings throughout the Jan. - Sept. period, making up 62.2% of the country’s total export value.