Vietnam becomes largest furniture exporter to US

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vietnam Electronics Industry Association (VEIA), shared about the future directions for this potential industry.

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

VCN – By taking advantage of the potential and opportunities from the RCEP and ATIGA agreements, there are numerous opportunities for Vietnamese goods to be exported to the Indonesia market, especially agricultural and aquatic products.

Vietnam's exports of rattan, bamboo, sedge and carpet products totalled 50.43 million USD in September, a 4.5% decrease compared to last year, according to the General Department of Customs.

Despite challenges in the global rice market, Vietnam's is still on a right track to a new export volume record of over 8 million tonnes in 2024, surpassing last year’s result, according to insiders.

VCN - With high costs, a lack of large-scale logistics centers, and fragmented infrastructure, the logistics industry still faces many challenges on its path to becoming a backbone of the economy.

VCN - In the context of the global economy having many fluctuations, agricultural exports, especially fruits to China, are becoming the driving force helping Vietnam achieve impressive export results. Mr. Tran Thanh Hai (photo), Deputy Director of the Import-Export Department (Ministry of Industry and Trade) shared the export situation in the past time and prospects in the last months of the year.

During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.

Textile and garment exports are likely to hit 44 billion USD this year, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.