Update news export turnover
Business activities are cooling as consumers have had to tighten their purse strings, with some vendors setting up business on wide sidewalks in HCM City.
Vietnam’s export turnover is expected to reach around US$ 368 billion in 2022, representing a year-on-year increase of 9.46 percent, according to the Ministry of Industry and Trade (MoIT).
Vietnam's textile and apparel manufacturers are stepping up their efforts to comply with international standards for origin traceability.
The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade confirmed that Vietnam will rise to the third largest export of clothing in the world at the conference to connect the supply and demand of raw materials for Vietnam's textile and garment industry.
Nguyen Van Hoi, Director of the Institute of Industrial Strategy and Policy Research, Ministry of Industry and Trade, spoke about the border trade activities after the pandemic was controlled.
Vietnamese textile-garment producers set to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD.
Both Japan and Vietnam sell green tea to the Taiwanese market. But, while Japan earns $10,173 per ton, Vietnam earns $1,721 per ton.
Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in HCM City.
After durian - the eleventh fruit of Vietnam - was licensed for official import by China, MARD and MOIT have encouraged official export channels to avoid putting exporters at risk.
Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.
The city’s investment, trade, and tourism promotion activities will focus on gathering the participation of Vietnamese businesses at home and abroad.
Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.
The export value of vegetables and fruits reached at US$3.2 billion in 2020 and fruits account for 80 percent of export turnover.
Vietnam has taken various measures in a bid to protect the interest of Vietnamese products and exporters in the EU markets, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).