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The consumption market is ready for agricultural products

The Ministry of Industry and Trade will continuously coordinate with localities and the Ministry of Agriculture and Rural Development to guide exporters to complete documents for official export to China in order to take advantage of effective export opportunities to this market.

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Which are "hot" export markets in 2023?

In 2023, in addition to maintaining and promoting the export of goods to the traditional markets, new markets are a "potential land" for Vietnamese businesses to take advantage of market opening opportunities.

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Ensure 100% records of export shipments that require traceability of seafood origin

Deputy Prime Minister Tran Luu Quang signed Decision No. 81/QD-TTg promulgating the “Action plan against illegal, unreported and unregulated fishing, preparing to work with the Inspectorate of 4th European Commission”.

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Improving the business environment: Need to be stronger, more drastic and faster

The inclusion of Resolution 02 into Resolution 01 in 2023 has affirmed that improving the business environment is an important task in the administration and socio-economic development of the Government. Efforts to reform and improve the business environment are expected to be sustainable non-financial solutions, and effective support for businesses to recover and develop.

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Vietnam’s foreign direct investment powers economy into the future

With a fresh open-door policy as well as attractive incentives and investment environment, Vietnam has drawn a large amount of foreign direct investment (FDI) in recent years despite the impact of COVID-19 across the globe. According to experts, FDI has driven the country’s economic development and international economic integration.

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The prospect of bilateral trade with the US continues to surpass the US$ 100 billion mark

Vietnam is currently the 7th largest trading partner of the US and the US is the 2nd largest trading partner of Vietnam and the largest export market of our country.

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In 2023, focus on exploring new and potential markets

In 2023, trade promotion activities must focus on maintaining traditional markets while simultaneously developing new markets, especially potential markets in Asia such as West Asia, South Asia, Africa and Latin America.

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Consumption, production, and FDI to drive economic growth

A continued boost of domestic consumption and production, in addition to an expected increase in foreign direct investment, is set to help the Vietnamese economy achieve its new growth goal of at least 6.5% this year.

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Vietnam’s garment sector deals with market instability

Despite generating revenue of over 44 billion USD in 2022, Vietnam’s garment sector is expected to face headwinds in the coming time as consumers in the world continue to tighten their budgets due to high inflation.

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Extensive implementation of the new generation FTA: "The key" to accelerate exports

New generation Free Trade Agreements (FTAs) after a period of implementation have brought into full play their positive effects, export turnover recorded high growth and set a new record. This is expected to be the "key" to accelerate exports in 2023.

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