With a population of approximately 100 million and a predominantly young workforce, Vietnam has effectively carried out its agricultural export strategies, focusing on key products such as rice, coffee, and high-quality fresh fruits.
In 2023, Vietnam's total export value of agricultural products reached 26.4 billion USD, up 17% compared to 2022. While imports of Vietnamese goods declined in Europe and the Americas, the Asian market saw a 6.8% increase in imports of agro-forestry-aquatic products.
Vietnam's key staples exported to Malaysia include tea, coffee, pepper, and rice, with rice exports alone reaching over 345 million USD last year. Notably, in the first eight months of this year, Malaysia imported as much rice from Vietnam as it did throughout 2023.
Selangor International Business Summit is an eagerly anticipated annual event for businesses, serving as a vital platform to promote cross-border trade, facilitate connections, showcase creativity, and expand business networks throughout ASEAN. The event generated potential transaction values of up to 4 billion USD last year.
Running from October 16-19, this year’s edition features 650 food and beverage booths and workshops on halal standards, smart cities, and the digital economy. It expects 12,000 visitors from 18 countries./.
