Against the increasing demand for rooftop solar installations in the FDI manufacturing sector in Vietnam, led by the electronics/semiconductor and textile sectors, Vietnam is considered an attractive market for foreign investors in developing distributed solar energy.
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Vietnam’s export turnover, after a decline in April, has regained its growth thanks to strongly boosted trade promotion activities. However, export activities are forecast to continue to encounter many difficulties as total export turnover in the first six months of this year fell by 12.1% over the same period last year amid overall slow growth in global trade.
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Goods traceability plays an increasingly important role for businesses and consumers. However, this work is facing many difficulties, requiring support solutions.
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According to updated data from the General Department of Customs, as of mid-June 2023, Vietnam's total import-export turnover reached more than US$287.9 billion, a decrease of 15.2% compared to the same period in 2022. Specifically, exports reached US$148.87 billion, down 12%, and imports reached US$139.07 billion, down 18.4%. To overcome export challenges, experts suggested that besides maintaining traditional markets, businesses need to target new and potential markets.
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During the working visit of South Korean President Yoon Suk Yeo to Vietnam in the past few days, it is expected that billions of dollars would be invested by Korean enterprises in Vietnam.
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According to the People's Committee of Lang Son province, from the beginning of May, localities across the country began harvesting agricultural products, especially fresh fruits in the list of official exports to China.
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Only in the first five months of the year, Vietnam's rice exports reached 3.62 million tons, one of the rare commodities with an increase in export turnover in the context of general difficulties. It is forecasted that in the coming months, rice will still be one of Vietnam's key export items when the world's food demand increases.
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The door for Vietnamese vegetables and fruits to enter the Chinese market is wide open on the official quota. Businesses and localities continue to promote investment and improve quality to not be excluded from the race to enter this potential market.
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Supporting economic recovery, controlling inflation, stabilizing interest rates, and ensuring credit demand... are the goals targeted by the monetary policy amid the global economic chaos. Therefore, it is recommended that monetary policies have an appropriate transition.
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The market of Muslim countries is a potential market with the demand for Halal products (standard products and services for Muslims) increasing rapidly while the supply is in deficit. However, the number of Vietnamese products entering the Muslim market is too small.
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