Vietnamplus

Laos expects to earn more than 2 billion USD from agricultural exports this year, up from 1.73 billion USD in 2022, local media reported.

The Republic of Korea (RoK) and Japan have become the biggest importers of Vietnamese wood pellets, accounting for over 95% of Vietnam’s total export of this product, reported the Vietnam Timber and Forest Product Association.

Indonesia is targeting non-traditional markets in South Asia such as India, Pakistan, and Bangladesh to boost exports, whose growth is currently slowing, Trade Minister Zulkifli Hasan has informed.

With a continuous rise in bilateral trade in recent years, Chile has become the fourth largest trade partner and one of the biggest markets of Vietnam in the Latin American region.

Software exporters took the spotlight in the Vietnamese digital economic picture in the first six months of this year, posting high export revenue.

Secretary of the Binh Duong provincial Party Committee Nguyen Van Loi has applauded the provincial People's Committee's efforts to coordinate relevant agencies to prepare for a train, slated to depart in September, carrying local products from Song Than station in Di An city to Dong Dang station in Lang Son province for export to China.

Vietnam's rice export value rose 34.7% year-on-year to 2.3 billion USD in the first six months of this year. Rice export volume was estimated at 4.27 million tonnes, up 22.2% over the same period last year.

Cambodia raked in 88.9 million USD from exporting 138,364 tonnes of milled rice to China in the first half of 2023, according to the Cambodia Rice Federation (CRF).

Vietnam became the largest trading partner of Cambodia among members of the Association of Southeast Asian Nations (ASEAN) in the first five months of 2023 as bilateral trade made up nearly 50% of the total between Cambodia and ASEAN members during the period.

The Ministry of Industry and Trade (MoIT) is collecting opinions on amending and supplementing a number of articles of Decree No. 14/2018/ND-CP detailing border trade activities in order to speed up the shift to official export.

Although Vietnam's exports have shown signs of recovery, synchronous solutions are needed to support businesses in reducing costs, improving competitiveness, and expanding markets.

The United Overseas Bank (UOB)’s Global Economics & Market Research Unit has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2% amid many challenges ahead.

Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.

Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced.

The agricultural sector will need to focus on key products with high export potential to compensate for products that are not expected to meet the yearly export turnover target.

The fertiliser export market declined in both volume and price in the first six months of this year.

The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi.

The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Vietnam is eager to learn from Australia about trade remedies as the country is a relative newcomer to the field.

Thailand's exports decreased by 4.6% in May from a year earlier, according to the country’s Ministry of Commerce (MoC).