The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.

The advantages from the commitments at this FTA have promoted further the trade between the two countries, turning the UK into the third largest export market of Việt Nam in Europe, after the Netherlands and Germany.

Vietnam needs to focus on specific goals to effectively address key challenges in implementing new-generation FTAs, in order to take advantage of existing opportunities and overcome some limitations, thereby promoting economic recovery and sustainable development.

Incoming US president Donald Trump threatened to impose reciprocal tariffs on India as he reiterated his longstanding

Vietnam’s pangasius, a billion-dollar export, thrives in China but now faces significant competition from domestically produced snakehead fish.

The export turnover of agricultural, forestry, and aquatic products in November 2024 was estimated at 5.3 billion USD, a 13.9% increase compared to the same period last year. Thus, the total export turnover of these products in the first 11 months of 2024 reached 56.74 billion USD, a year-on-year increase of 19%.

Vietnam’s import-export value is projected to reach nearly 800 billion USD by the end of 2024, bringing the 1 trillion USD target for 2025 within reach. This ambitious goal requires businesses to accelerate preparations to ensure export goods meet the standards and regulations of importing countries.