Import-Export

With the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.

VCN - Accordingly, the export volume of Cashew nuts in March reached 58,922 tons with the export turnover of US$315.45 million, up 121.6% in volume and 122.3% in value compared with the previous month.

VCN - In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated

Rubber exports reached 414.31 thousand tons in the first quarter of 2024, worth US$607.35 million, increasing 8.5% in volume and 14.3% in value compared to the same period in 2023.

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.

Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.

After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.