Economy

There is great potential for Vietnam to increase its agricultural, forestry, and aquatic exports to the US, particularly when the quality and competitiveness of its products are improved.

The Ministry of Transport said it will strive to complete procedures for 19 transport projects to start construction in 2024.

The garment and textile sector has set a target of 44 billion USD in export turnover this year, up 10% year-on-year.

Vietnam had shipped 15.08 billion USD worth of products overseas as of January 15, a year-on-year increase of 4.1%, the General Statistics Office announced on January 29.

During the 35-year journey of foreign direct investment attraction, Vietnam has continously improved institutions and incentives to attract and better manage domestic and foreign investment resources.

Fruit and vegetable exports are predicted to set a new record in 2024, possibly exceeding the 6-billion-USD tunover goal and even approaching the 7-billion-USD milestone.

Asia is the largest market for Vietnamese peppercorns, accounting for 52.7% of the nation’s total export volume of the product.

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

The recent signing of a protocol regarding the export of Vietnamese watermelon to China via official channels will help deter trade risks, boost the standard of the farm produce, and ease congestion at border gates.

Building high-quality rice areas applying high technology is one of two breakthrough programs of the Resolution of the 12th Kien Tuong Town Party Congress, term 2020-2025.

New supply in the industrial real estate market in Ho Chi Minh City and neighbouring provinces has been slow amid an increase in demand from manufacturing industries during the peak year-end buying season.

More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development.