Positive signals for Vietnamese exports in final months

VOV| 03/10/2024 13:04

Vietnamese exports are expected to enjoy positive signals ahead in the remaining months of the year thanks to the combined efforts of local businesses and results during the nine-month period, according to insiders.

Tran Thanh Hai, deputy director of the Agency of Foreign Trade under the Ministry of Industry and Trade, said that several groups of products recording export revenue of more than US$10 billion each included machines, equipment, tool and spare parts, telephones and components, computers, electronic products and components, textiles, wood and wooden products, as well as vehicles and spare parts, while there were 11 groups of products and 31 groups of goods with export turnover of more than US$5 billion and US$1 billion each, respectively.

According to the Ministry of Agriculture and Rural Development (MARD), agro-forestry-aquatic product exports surged by 21% to reach more than US$46 billion during the nine-month span, with the value of agricultural products accounting for the lion share of US$24.85 billion, representing an annual rise of 27.7%.

The Vietnam Fruits and Vegetables Association (VINAFRUIT) said that fruit and vegetable exports hit a record high of US$5.6 billion, up 34% on-year. The revenue is equal to the figure of the whole 2023 and is therefore expected to grow strongly during the last quarter.

Trieu Van Luc, deputy director of the MARD’s Department of Forestry, said the forestry industry is making every effort to concretize and even surpass its export target of US$15.2 billion for the entire year.

The Ministry is therefore continuing to support enterprises as they work to improve their capacity in responding and resolving trade competition issues while organizing exhibitions and trade promotion events to seek and expand markets for forestry products, he said.

Economists stated that with a view towards ensuring stable economic growth, localities not affected by typhoon Yagi are accelerating production in compensation for the difficulties that the typhoon-hit provinces are encountering.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien affirmed that the sector is destined to fulfil the export revenue target of US$54 billion to US$55 billion set by the Government.

  • Hanoi to host international Giftshow 2024
    Hanoi Giftshow 2024 is scheduled to take place from October 10 to October 13, treating visitors to an array of local handicrafts whilst offering fine art exhibitors numerous opportunities for business matchmaking and further market expansion.
  • Ireland, Vietnam ramp up stronger economic and trade links
    Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, authorized by the Minister of Industry and Trade, and Minister for Enterprise, Trade and Employment Peter Burke signed a Memorandum of Understanding (MoU) on economic and trade cooperation between the two ministries in Dublin, Ireland, on October 2 within the framework of the State visit to Ireland by Party General Secretary and President
  • Ireland, Vietnam ramp up economic and trade links
    Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan authorised by the Minister of Industry and Trade, and Irish Minister for Enterprise, Trade and Employment Peter Burke signed a Memorandum of Understanding (MoU) on economic and trade ties between the two ministries in Dublin, Ireland, on October 2 within the framework of the State visit to Ireland made by Party General Secretary and President To Lam.
  • Vietnamese, Japanese businesses promote technology supply-demand connection
    Enterprises from the port city of Hai Phong and Japan’s Kitakyushu city on October 2 took part in a technology supply-demand connection session held by the Hai Phong Department of Science and Technology and several Japanese units.
  • Vietnam, Netherlands amp up cooperation in final stretch for EU deforestation regulation
    Experts believe that European Union’s Regulation on Deforestation-free Products (EUDR) compliance will not only elevate export standards but also provide an opportunity to transform Vietnam’s agriculture, making it more sustainable and transparent, and aligning it with the country’s international commitments to green growth.
  • Better pregnancy care seen as long-term strategy for improving community health
    Improving the quality of care for new mothers and their children will not only reduce maternal and infant mortality, but will also contribute to population development in the future.
Highlighted VietBao
Don't miss
Positive signals for Vietnamese exports in final months
POWERED BY ONECMS - A PRODUCT OF NEKO