Coffee exports are projected to reach a record US$5.6 billion this year, driven by rising global coffee prices. Nguyen Nam Hai, Chairman of the Vietnam Coffee and Cocoa Association, noted that the recent surge in world coffee prices has also pushed up domestic prices. He explained that while prices might fluctuate as Vietnam’s main coffee […]

With double-digit growth in key markets, Vietnam’s shrimp exports are projected to rake in $4 billion in 2024, according to insiders. While this figure is lower than the record of $4.3 billion achieved in 2022, it marks a strong recovery compared to 2023, when shrimp exports totalled only $3.4 billion. This recovery highlights the resilience […]

Vietnam’s agro-forestry-fisheries exports are projected to reach over $62 billion in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16. Speaking at the conference on export promotion in Ho Chi Minh City, Deputy Director of the Department of Quality, Processing, and Market Development under the […]

On December 19, the General Department of Customs announced data showing that Vietnam’s total import-export turnover reached 745 billion USD in the period from January 1 to December 14, 2024, recording an impressive growth of 15.3% over the same period in 2023. This result shows the recovery and strong growth of the Vietnamese economy in […]

As of the end of November, Vietnam spent 1.4 billion USD to import more than 5.3 million tons of wheat, according to the General Department of Customs. According to the General Department of Customs, Vietnam’s wheat import volume increased by 35% in the first 11 months of the year, to more than 5.3 million tons. […]

UOB forecasts Vietnam’s GDP growth to reach 6.4% in 2024 and increase to 6.6% in 2025, thanks to strong internal factors and improvements in many economic sectors…. Continuing the steady growth momentum in Q3/2024, UOB Bank forecasts that Vietnam’s economy will continue to grow well in Q4. Accordingly, Vietnam’s GDP growth is forecast to reach […]

Vietnam posted a trade surplus of US$24.31 billion in the first 11 months of 2024, according to the General Statistics Office. Its exports and imports totaled $715.55 billion during the period, up 15.4% from a year earlier, with November alone accounting for $66.4 billion, up 9% year-on-year. In the first 11 months, exports expanded by 14.4% from […]

HCM City (VNA) – The 2024 Vietnam-US Cooperation Forum, held in Ho Chi Minh City, focused on new US policy directions and opportunities to enhance bilateral economic and trade relations. The event was co-organised by Vietnam’s Ministry of Industry and Trade, the US Embassy in Vietnam, and AmCham Vietnam. Ta Hoang Linh, Director of the Europe-Americas […]

The 2024 seafood export target of 10 billion USD is within reach, according to the Vietnam Association of Seafood Exporters and Producers (Vasep). In November, despite a slight slowdown, seafood exports still reached nearly 924 million USD, an increase of 17% over the same period in 2023. Overall, in the first 11 months of the […]

Vietnamese products made from coconut, mango, and jackfruit are increasingly popular in international markets, helping export turnover reach nearly 1.1 billion USD in 10 months. According to data from the General Department of Customs, in October, processed fruit and vegetable exports reached 127 million USD, up nearly 28% over the previous month and 18% over […]

Cambodia is the largest rubber supplier to Vietnam, followed by China and South Korea. Rubber, considered “white gold”, was once a key crop for export. However, prices have dropped sharply over the years, causing the growing area to shrink and farmers switching to other crops. As a result, Vietnam has had to increase imports of […]

Binh Duong surpassed Hanoi to become second in the country in attracting foreign capital, with 42.39 billion USD, while Ho Chi Minh City is still the leader in attracting FDI. According to foreign investment (FDI) attraction data of the Ministry of Planning and Investment, by the end of November, Hanoi attracted nearly 42.2 billion USD, […]