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.
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 VN Trade Office in the Republic of Korea has urged enterprises to strictly comply with regulations on pesticide residue levels when exporting farm produce to this market.
Vietnam exported 12,000 tonnes of tea worth more than US$21 million in January, representing a surge of 85% in both volume and value in comparison to the same period from last year.
The trade and investment targets that Malaysia set for this year are achievable despite the ringgit’s current depreciation versus the US dollar, as many other major fundamentals remain attractive and appealing to global investors, said Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
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In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam's largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
China became the second largest importer of Vietnamese seafood behind Japan in January, with shrimp and pangasius imports witnessing a four-fold rise compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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