In a bid to achieve a targeted 6 per cent export growth in 2024, equivalent to US$377 billion, the Ministry of Industry and Trade (MoIT) outlines a strategic focus on leveraging existing Free Trade Agreements (FTAs) and signing new ones.
The world’s aggregate demand was showing signs of recovery and the inflation was forecasted to have peaked, meaning that it would be on a decrease which would lead to a recovery in trade and an increase in employment.
According to the ministry, the Southeast Asian economy''s export picked up in March, reaching US$29.57 billion, a 13.5 per cent increase from February. Total exports during the first three months of the year ped by 14.8 per cent compared to...
These challenges included a world economic recession, competition among major big economies, trade protectionism, inflation and rising interest rates, MoIT''s Director of the Asia-Africa Market Department said.
Viet Nam has been hit hard by a global trade slowdown, seeing the first meaningful year-on-year decline in its exports in two years. In particular, the decline has been led by an economic slowdown in the US, Viet Nam’s largest...
Vietnamese exporters should make the most of the advantages d by the EU-Viet Nam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market.
Vietnamese businesses are expected to face headwinds from inflation, tightening monetary policy and a growing cost-of-living crisis in many of the country’s export markets, experts have warned.
Despite a less rosy external picture, the domestic economy continued to gain traction. Retail sales growth hit a record high of over 55 per cent year-on-year, according to HSBC report “Vietnam at a glance – The old playbook” released on...
Exports of computers, electronic products and components hit $50.828 billion last year, putting it in second position in the group of key export products.
Viet Nam’s recovery is set to gather momentum this year, as domestic demand rebounds and export performance remains strong, according to Fitch Ratings.
Viet Nam has gained strong growth in trade since it joined the World Trade Organisation (WTO) 15 years ago, according to the Ministry of Industry and Trade (MoIT).