Agriculture remains a bright spot in the overall gloomy export picture in the first five months of this year, with agro-forestry-aquaculture export turnover in May rising 9.5% month-on-month and 8.5% year-on-year to reach 2.9 billion USD.
Hanoi (VNA) – Agriculture remains a bright spot in the overall gloomy export picture in the firstfive months of this year, with agro-forestry-aquaculture export turnover inMay rising 9.5% month-on-month and 8.5%year-on-year to reach 2.9 billion USD.
The export value of fruits and vegetables in May nearly doubled compared to theprevious month, hitting an estimated 500 million USD. Meanwhile, that of rice and coffee surged 53.1% and 28.5% to 530 million USD and 418 million USD, respectively.
Secretary General of the Vietnam Fruit & Vegetables Association Dang PhucNguyen attributed the increases to Vietnam's signing of protocols to export durian, sweet potato, and banana to China; pomelo to the US; and lemon to New Zealand.
Illustrative image (Photo: VNA)
Nguyen showed optimism about the country’s 4-billion-USD target in vegetablesand fruits export this year.
According to the Ministry of Industry and Trade (MoIT), Vietnam raked in 136.17billion USD from goods exports in the last five months, down 11.6% year-on-year, with all sectors meeting difficulties as the demand has decreasedglobally, especially for non-essential consumer goods.
However, a positive sign of recovery was seen in May when export earnings picked up 4.3% month-on-month to hit 29.05 billion USD, helping the country enjoy a trade surplus of nearly 10 billion USD. Compared to the same period last year, the figure decreased 5.9% but the declining rate has slowed down.
Deputy General Director of the MoIT’s Import-Export Agency TranThanh Hai said it is forecast thatVietnam’s exports will recover in the second half in the context of fallinginflation in many markets. In addition, inventories in many countries have dropped significantly, prompting importers to place new orders.
Freetrade agreements (FTAs) that Vietnam signed with partners will continue to helpimprove the competitiveness of Vietnamese goods, bringing opportunities for Vietnamesebusinesses to promote their export activities, Hai noted./.
Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s export revenue of this product may exceed last year’s record of 4 billion USD.
Vietnam could see its e-commerce export revenues rise to 296.3 trillion VND (12.5 billion USD) by 2027, heard the 2023 Cross-Border E-Commerce Conference in Vietnam in Hanoi on June 7.
Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA).
Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
Illustrative image (Photo: VNA) 
