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Difficulties continue to surround businesses as they strive to find a way forward in export

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.

New generation FDI attraction strategy needed

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.

Flexible measures to facilitate fresh fruit exports

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.

Rice exports: Prolonging growth momentum

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.

Improve quality to increase fruit and vegetable exports to China

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.

Should monetary policy shift from "tight, cautious" to "loose, cautious"?

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.

Businesses take the opportunity to export to the Islamic market

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.