35 C
Ho Chi Minh City
Saturday, May 18, 2024




A sense of optimism amid uncertainties

Despite their first-quarter rebound, Vietnamese exporters are still grappling with mounting challenges induced by geopolitical tensions, exchange rate volatility and surging logistics costs. The lingering challenges During the second session of the Vietnam Economic Forum 2024, themed “Addressing Capital and Market Challenges for Exporters,” Vu Tien Loc, chairman of the Vietnam International Arbitration Center (VIAC), highlighted positive signs in export performance during the first quarter. Export revenue surged by 17% compared to the same period last year, with the domestic economic sector growing by 25% and the foreign-invested sector by 13%. Textile exports grew by 9.6% year-on-year to US$9.5 billion in January-March, while seafood exports reached US$2 billion, up 7% from the previous year. Key export products to major markets like China, the EU, the U.S., ASEAN, and Japan all experienced significant growth, with China leading the pack with a 34% increase. Despite the apparent strength in growth compared to the weak figures of 2023, Loc cautioned about the persistent challenges facing exporters. Industry experts at the event echoed concerns about export difficulties. Tran Nhu Tung, vice chairman of the Vietnam Textile and Apparel Association (VITAS) and chairman of Thanh Cong Textile Garment Investment Trading JSC (TCM), noted that while […]
To read more, please click here.

Fruits, veggies exports exceed US$1.8 billion in Jan-Apr

HCMC – Fruit and vegetable exports from January to April amounted to US$1.8 billion, a 32.1% increase compared to the previous year, according to...

Foreign trade on tiptoe

Vietnam posted strong growth in trade in the first two months of this year, with trade surplus at a multi-year high. However, this development...

Nghe An targets US$4 billion in exports by 2025

HCMC - The north-central province of Nghe An has set a goal of achieving US$4 billion in merchandise exports by 2025 and US$7 billion...

Brazil halts importing tilapia from Vietnam

HCMC - Brazil has announced the suspension of tilapia imports from Vietnam, effective from February 14, due to concerns over the TiLV virus. The Brazilian...

Vietnam’s exports soar to two-year high in January

HCMC - Vietnam’s exports reached nearly US$33.6 billion in January this year, up 42% over the same period in 2023, the highest monthly level...

Pepper market excitement

The Vietnamese pepper harvest is on the horizon, with Tet (Lunar New Year) fast approaching. Farmers are filled with optimism as pepper prices began...

Exports of processed fruits, veggies rise strongly

HCMC – Processed fruit and vegetable exports from Vietnam had reached a record-breaking value of over US$1.1 billion as of November 2023, up 19%...

Exports of agro-forestry-fishery products at record high

HCMC - Vietnam's agro-forestry-fishery product exports have reached an unprecedented milestone, at a remarkable US$53 billion in revenue this year. This achievement has catapulted the...

Latest news