Việt Nam exported over 9.38 million tonnes of wood chips to the Chinese market last year.
Việt Nam exported 35,000 tonnes of peppercorn worth US$143 million in the first two months of 2024, down 12.3% in volume but up 12.9% in value, reported the Ministry of Agriculture and Rural Development (MARD).
According to the HCM City Export Processing and Industrial Zones Authority (HEPZA), the southern economic hub lured $174.19 million in foreign investment in the period, including $4.84 million invested in two new projects, and $171.35 million added to three existing projects.
The recent continuous rising coffee prices have helped local coffee exports to achieve the target of US$1 billion in the first two months of the year, representing an increase of 50% against the same period from last year, according to figures given by the General Department of Vietnam Customs.
Việt Nam has recorded a trade surplus of US$4.72 billion in the first two months of 2024, higher than the figure of $3.5 billion reported in the same period last year, according to the General Statistics Office (GSO).
Vietnam's aquatic product exports saw a strong start to the year, recording a 60.8 percent annual increase to reach US$730 million in January, reported the Ministry of Agriculture and Rural Development.
The US is considering the recognition of Vietnam as a market economy, which means that Vietnamese goods entering the US would avoid many risks caused by trade barriers.
Analysts have noted strong investment from China in manufacturing and support industries, warning that this will pose challenges for Vietnamese enterprises in the field.
The current robust development of digital technology, including artificial intelligence, has been providing Vietnam's economy with ample opportunities for growth, improved competitiveness, quality of products and services and production.
Promoting deep processing to export cashew nuts is viewed as a way for local businesses to capitalize on free trade agreements (FTAs) and add value to this industry.
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