In the first month of the year, the country's overseas shipments raked in nearly 33.6 billion USD, the highest level since April 2022.

In the first month of the year, Vietnam's overseas shipments raked in nearly 33.6 billion USD, the highest level since April 2022.

The newspaper attributed the outcome to significant export increases in two key earners of agro-forestry-fishery products (up 97%) and processed industrial goods (up 38%). Shipments to major markets in the month also showed strong recovery, with the US being Vietnam's largest export market with 9.6 billion USD, an annual rise of 56%.

Citing sources from the Vietnamese Ministry of Industry and Trade, El Popular noted that the Southeast Asian nation’s January trade surplus reached 2.92 billion USD and that its trade turnover is projected to grow by 6% this year.

Farm exports expect breakthrough

Vietnam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.

Export-import turnover reaches 1.41 billion USD during Tet

Vietnam’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.

Vietnam’s agricultural exports to China expected to rise

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).

Increasing competitiveness for agricultural products exported to the US

The US was Vietnam’s second-largest agricultural, forestry and fishery export market (after China), accounting for 20.7% of Vietnam’s total export turnover. The room for export to this market remains very large as Vietnam has further improved the quality and competitiveness of its agricultural products.

Vietnam's export revenue highest in 22 months

Vietnam's export turnover reached nearly US$33.6 billion in January, up 42% year-on-year, the highest since April 2022, according to the Ministry of Industry and Trade.

Source: VNA