Several measures have been recommended to help Vietnamese exporters cope with dwindling demand in many markets around the world.

Vietnam and Malaysia, one of its most important trading partners, have set a bilateral trade target of US$18 billion by 2025.

VOV.VN - A total of seven items posted export turnover in excess of US$5 billion during the January to May period, accounting for 65.35% of Vietnam’s total export turnover, according to figures released by the General Statistics Office.

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.

There is plenty of room available for Vietnamese goods to enter the UK market, said Thai Tran, Managing Director of TT Meridian, an international logistics and trading company specialising in the UK and Vietnam markets and the first Vietnamese business in the UK to open an all-cargo air route between the nations via Turkmenistan.

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.