The Ministry of Industry and Trade plans to set a target of 6% growth in export value this year, considering unpredictable factors that can affect import-export, according to Deputy Minister Do Thang Hai.
The Indonesian government has announced that it expects the value of exports to grow by 12.8% in 2023, much lower than the growth of 29.8% in 2022, according to Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto.
Vietnam has enjoyed substantial export growth to members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the three years since it came into effect.
The Mekong Delta province of Tien Giang aims to have 3.6 billion USD in export turnover of goods for this year, much more than 2021 and exceeding the plan for 2022 by 7.46%.
Although export growth slowed in September, the trade activity is still a bright spot in the national economy, with a trade surplus maintained at a high level in the first three quarters, hitting 6.52 billion USD.
Soaring inflation, rising production costs and fluctuation in exchange rates have caused great difficulties for production and import-export activities, and will linger on to the rest of the year, prompting the Ministry of Industry and Trade (MoIT) to give timely responding measures to maintain export growth.
The Association of Southeast Asian Nations (ASEAN) has recently gained the spotlight of the Global Trade Growth Atlas 2022 as it is forecast to lead the world in export growth over the next five years.
Ministries, agencies and localities have been asked to seek solutions to diversify products and boost exports to the Republic of Korea (RoK), especially via Korean companies in Vietnam.
Vietnam saw a year-on-year increase of 17% in exports in the first six months, but it will be hard for overseas shipments to meet expectations in the last half of the year, according to the HSBC.
Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.
Vietnam saw a record 30-fold growth in lobster exports to reach a total of 130 million USD in the first half of the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
A strategy to 2030 sets sustainable targets with a balanced import-export structure in order to sharpen competitive edge and bolster brand development for Vietnamese products. The idea behind the plan is to raise Vietnam’s position in the global supply chain and serve as momentum for sustainable economic development. The target has been set at an average export growth rate of 6-7% to 2030.
Vietnamese authorities should be vigilant about inflation risks associated with the continuing rise in the price of fuel and imports, which may dampen the ongoing recovery of domestic demand, according to the World Bank's (WB) monthly report on Vietnam, released on June 13.
Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.
By the end of the first quarter of 2022, garments and textiles continued to rank in the group of products earning billions of USD from exports as they contributed 8.84 billion USD to the country’s total turnover, up 22.5% from the same period last year.
The target of 3.8 billion USD in export revenue of cashew nuts for this year set by the Ministry of Agriculture and Rural Development (MARD) is quite feasible given the forecast on high demand for the product in the time to come, according to experts.
Singapore’s key exports grew in December for the 13th month in a row, wrapping up 2021 as the best year for shipments since 2010, according to statistics the Government agency Enterprise Singapore (ESG) released on January 17.
In the context of complicated development of the Covid19 on a global scale, bilateral trade between Vietnam and the EU recorded significant increase after the EVFTA was enforced. Vietnam’s export to the EU reached 39.75 billion USD, increased by 6.2%, thanks to the recovery of the EU economy in the second quarter of 2021 and the tariff cut under EVFTA.
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