Economy

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

According to the Department of Finance of Long An province, up to now, the province has attracted 1,399 foreign direct investment (FDI) projects with registered investment capital of more than 12.7 billion USD.

According to the department, 130 foreign suppliers, including Google and Facebook, have registered, declared, and paid taxes through the electronic tax portal for foreign providers, contributing a total of 2.91 trillion VND.

Takashi Takanashi, head of the Spice House Co.said his company is receiving increasing requests for Vietnamese rice, he said.

Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%.

At this time, many localities in Long An province are entering the 2024-2025 Winter-Spring rice harvest period - the most important rice crop of the year.

Customer demand remains high, with Vietnam exporting over one million tonnes of rice in the first two months of the year.

One of the major factors impacting export trends is the limited supply of raw materials, particularly those caught by domestic fishing fleets.

E-commerce is becoming one of the pioneering fields of the digital economy, creating momentum for socio-economic development.

Among the various Vietnamese goods exported to Australia, agricultural, forestry, and aquatic products, along with fruits and vegetables, still have much room to grow. They are now widely available in Australia.

Thanks to the application of technology, many small and retail businesses have found new directions, increased revenue and expanded customer base.

In recent years, e-commerce has become a trend, changing consumers' shopping habits. The strong development of digital technology has promoted the boom of the e-commerce market.