Since the beginning of the year, fruit and vegetable exports have grown significantly, it is forecast that it is possible to reach the target of US $ four billion for the whole year and set a new record. Besides, the room for this industry in the world's largest markets is very large.
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The third quarter of 2023 has seen a positive trend in the economic growth rate with encouraging recovery month by month and consolidated confidence of businesses and investors.
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Vietnam's rice industry is facing both opportunities and challenges in the context of global food chain fluctuations. Many people think that rice exports are benefiting in terms of prices and markets, but we should not forget the issue of ensuring domestic food security, especially maintaining quality so that Vietnamese rice grains can be raised to new heights.
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World Bank (WB) experts recommend enhancing the medium-term resilience of export commodities to mitigate risks associated with external shocks.
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Fruit and vegetable exports have grown significantly since the beginning of the year, and it is forecast that it is possible to reach the target of USD 4 billion for the whole year and even set a new record. Besides, the room for this industry in the world's largest markets is still very large.
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In the first 7 months of 2023, export orders of the key industries of textiles and garments, leather and footwear, wood and wood products decreased sharply by 18.9 billion USD (down 15.1%) and 11.7 billion USD (down 17.1%) and 7.2 billion USD (down 26.2%), respectively over the same period last year.
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Green logistics is an activity towards sustainable goals, reducing emissions, saving resources, and minimizing negative impacts on the environment. In the near future will be an indispensable requirement.
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Despite the growth in export turnover, enterprises of cashew kernels, pepper, spices, etc. are not happy when each export shipment is filled with uncertainty about risks in international trade as well as the price situation increasing day by day.
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According to the assessment of the Ministry of Agriculture and Rural Development (MARD), Vietnam is facing a significant opportunity for rice exports. Vietnam can be confident about food security and make the most of the best timing for exports.
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While domestic consumption is facing difficulties, Vietnam's steel exports to the EU are growing strongly. However, the coming time, if Vietnamese steel enterprises do not respond well to the carbon border adjustment mechanism (CBAM), exports to the EU will be directly affected.
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