Positive signals for Vietnamese exports in final months

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.