Import-Export

The UK-Vietnam Free Trade Agreement (UKVFTA), signed into law three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October 30.

With swift production recovery and continued growth, Vietnam's agricultural sector could potentially surpass the 60 billion USD export target, according to the Ministry of Agriculture and Rural Development (MARD).

With the current rising trend, trade between Vietnam and the Philippines is likely to exceed 8 billion USD for the first time to hit about 8.5 billion USD in 2024, with Vietnam’s surplus of more than 3 billion USD, according to the Vietnamese Trade Office in the Philippines.

The latest statistics from the General Department of Vietnam Customs show that Vietnam's coffee exports reached 21,489 tons, with a turnover of US$125.8 million.

From the beginning of the year to mid-October, on average, Vietnam spent more than USUS$1 billion (equivalent to more than VND25,000 billion) each day importing goods.

Along with achievements, the seafood industry also faces challenges, including market competition and trade defense lawsuits.

VCN - On October 3, 2024, the Trade Defense Department (Ministry of Industry and Trade) received information that the Department of Foreign Trade of Thailand (Investigating Agency) had published a gazette on the initiation of an anti-dumping investigation

VCN - Updated by the General Department of Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) sees a year-on-year increase of more than US$1.4 billion to nearly US$5 billion

The Mekong Delta province of Tra Vinh has nine coconut growing areas with a total area of over 1,240 hectares and two packaging facilities that have qualified to export fresh coconuts to China, according to the provincial Department of Agriculture and Rural Development.

Vietnam national brands in 2024 will be honoured at a ceremony slated for November 4 in Hanoi, which will be broadcast live by Vietnam Television, the Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade announced at a press conference on October 28.