Although gaining strong growth in export turnover in the first seven months of this year, Vietnam still faces many challenges to maintain the high growth in the export until this year end.

The export value of timber and wood products in Vietnam is estimated to reach over 6 billion USD in the first five months of this year, an increase of 18% over the same period last year, according to General Department of Vietnam Customs.

The processing of traditional Vietnamese food products meeting international quality standards is a new direction chosen by many companies in a bid to boost exports.

Mexico has risen from the fourth in 2021 to become the 3rd largest tra fish export market of Vietnam, only after China and the US.

Vietnam has set a target that the export value of agricultural, forestry and fishery products to the EU market will reach 5-5.5 billion USD by 2025.

Export revenue in 2020 is estimated to reach 267 billion USD while imports are to reach 260 billion USD, resulting in a trade surplus of some 7 billion USD, according to Deputy Minister of Industry and Trade Do Thang Hai.

Vietnam has seen record trade surplus of 20.1 billion USD in the first 11 months of 2020.

Vietnam shipped more than 311,000 tonnes of oil and other petrol products in May for 191 million USD, up 1.9 percent in quantity and 2.3 percent in value compared to April.

Export revenue in October topped 20.8 billion USD, a drop of 1.5 percent from the previous month, but increasing 2.3 percent compared to the same period last year, according to the Ministry of Industry and Trade.

A Vietnamese company has won a bid to export 60,000 tonnes of Japonica brown rice to the Republic of Korea (RoK), defeating competition from rivals of China, Thailand and Australia.

The southern province of Dong Nai enjoyed a trade surplus of 1.7 billion USD in the January-October period, according to the provincial statistic office.

Vietnam’s food and beverage exports to the US are growing and likely to do so for many years, but manufacturers need to be aware of that country’s requirements, an American expert told a seminar in HCM City on June 7.

Vietnam will review its farming products and Halal products for Muslim people - in order to increase exports to ASEAN member states. The review will also include building material, steel and steel pro