Keyword: "Vietnam’s exports"

Phan Minh Thong, General Director of Phuc Sinh Group, said the firm expects revenue to rise by about 27% thanks to a stable order pipeline.

Vietnam’s export sector is entering a crucial transition, facing both fierce global price competition and new sustainability requirements.

Vietnam’s exports grew over 16% year-on-year to 368 billion USD by mid-October, narrowing the gap with last year’s total of 405 billion USD, according to the Department of Customs.

In August alone, exports surged to approximately 43.4 billion USD, a 14.5% increase compared to the same period last year.

The EU-Vietnam Free Trade Agreement (EVFTA) is a powerful catalyst for growth, helping both countries navigate global challenges such as the COVID-19 pandemic, geopolitical tensions, and inflation.

The United States remained Vietnam’s largest export market with turnover reaching 57.2 billion USD.

Since the two countries elevated their relationship to a strategic partnership in 2015, Malaysia’s exports to Vietnam have soared by around 160%.

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Among Vietnam’s tra fish products, the U.S. is increasingly importing processed tra fish, with its added value soaring 8.5 times compared to the same period last year.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has helped generate impressive growth of Vietnam’s exports in the last five years, still has great potential for exploitation, according to experts.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has helped generate impressive growth of Vietnam’s exports in the last five years, still has great potential for exploitation, according to experts.

Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.

The Ministry of Industry and Trade (MoIT) has analysed trade defence instruments from other countries imposed on Vietnam’s exports and discussed measures to mitigate them in the future.

Vietnam’s exports to most markets, particularly major trading partners, have rebounded strongly, achieving double-digit growth in the past seven months, according to the Ministry of Industry and Trade (MoIT).

Foreign firms contributed nearly 260 billion USD or over 73% of Vietnam’s total export revenue in 2023, statistics show.

Digital economy, circular economy and green growth have been opted by many countries, meaning businesses should be prepared for new trends to raise their competitiveness and boost sustainable exports.

The Ministry of Industry and Trade (MoIT) is focusing on improving provinces and cities’ capabilities in helping local businesses take advantage of free trade agreements such as the UKVFTA and EVFTA by issuing an FTA Index by the end of 2023.

Many agricultural products such as rice, coffee, cashew and durian have set their own records in export revenue, contributing to brightening the picture of Vietnam’s exports for this year.

Enterprises should look for niche markets to better cope with declines in exports in major markets, said the Ministry of Industry and Trade.

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.