The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to insiders.

There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of US$600 billion per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.

The Vietnamese Trade Office in Singapore has unveiled its intention to beef up Vietnam-Singapore business connection and the volume of Vietnamese exports to the Singaporean market.

Since its inception 15 years ago, the portal www.vietnamexport.com that connects more than 60 Vietnamese trade offices abroad with exporters at home has served as an effective information channel.

The UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will complement the existing UK-Vietnam Free Trade Agreement (UKVFTA) and help upgrade the bilateral relations thanks to additional preferential tariffs, Kemi Badenoch, Secretary of State for the Department for Business and Trade of the UK, reportedly said.

Vietnamese exporters need to ensure their capacity and maintain existing export markets, typically Asian and African outlets, amid many challenges in 2023, a senior trade official has said.

Two-way trade between Vietnam and India saw a yearly increase of 13.6% to US$15.05 billion in 2022, statistics from the General Department of Customs showed.

VOV.VN - Vietnamese exporters are required to swiftly grasp information in order to adjust production activities in line with market conditions amid global high inflation, along with rising domestic exchange rates and interest rates, according to insiders.

VOV.VN - Despite recording double-digit growth in 2022, the export of commodities is expected to be confronted with various challenges this year both domestically and globally.

VOV.VN - The entirety of 2022 has seen eight groups of commodities rake in more than US$10 billion each in export earnings, accounting for 70.1% of the country’s total export revenue.