Despite robust development in their trade ties, Vietnam's Ha Giang province and Wenshan in China’s Yunnan province have not capitalised on their immense potential, making trade revenue lagging behind expectations.
More than 300,000 tonnes of goods were traded through the crossing points of the Mong Cai International Border Gate as of late February, a 56.4% increase year-on-year. Export value accounted for 424 million USD, while imports totaled more than 200 million USD.
Vietnam's fruit and vegetable sector aims to achieve 8 billion USD in export revenue in 2025, building on significant market expansion and sound growth, according to the Vietnam Fruits and Vegetables Association (VINAFRUIT).
Vietnam posted a trade surplus of 23.31 billion USD during January-October, reported the Ministry of Planning and Investment's General Statistics Office (GSO).
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.
Following positive results in import-export activities so far this year, the increasing demand in the last months of the year is predicted to fuel exports, according to experts.
Statistics in the first half of this year show that for the first time, Vietnam’s fishery products maintained its position as the fifth largest partner in Singapore for the second consecutive quarter
Vietnamese exports have ample room to grow in the second half of this year since their large markets such as the US and the UK are expected to cut interest rates which will a boost to economic expansion and consumption, according to experts.
The shrimp sector should be developed in value chain so as to gain competitive edge amidst prolonged challenges like global economic recession, tensions in the Red Sea, and anti-dumping measures from the US, according to insiders.
Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The northern midland province of Thai Nguyen exported 8.9 billion USD worth of products in Quarter 1, up 22.6% year-on-year, the highest growth for the same period in the recent five years.
Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office announced on January 29.
The fisheries industry has set a target to earn 9.5 billion USD from exporting aquaculture products in 2024, heard a conference in Hanoi on December 21.
Participants at a conference in the Mekong Delta province of Ca Mau on December 11 looked into the development of the shrimp sector and solutions to ensure its sustainability.
Garment and textile firms are urged to flexibly implement measures to bring into full play market opportunities and promote growth, so as to fulfil the set goal of over 40 billion USD in export revenue this year.
The Vietnam Coconut Association (VCA) set a target of 1 billion USD in export revenue at its second congress for the 2023-2028 tenure recently held in Ho Chi Minh City.
The northern mountainous province of Tuyen Quang is striving to fully tap local advantages to boost exports and promote green growth and sustainable development.