Slow recovery in global demands for consumption and waning production at home are expected to continue making it difficult for Vietnam to swell exports this year.

Vietnam is a very important economic partner of Australia, Australian Ambassador to Vietnam Andrew Goledzinowski told the press ahead of Australian Prime Minister Anthony Albanese’s visit to Vietnam from June 3-4.

Vietnam will be a key driver of global trade growth, with its exports projected to reach US$618 billion by 2030, an annual growth rate of 7 per cent, outpacing the global average of 5 per cent by a significant 2 percentage points.

The Vietnamese Trade Office in Singapore is working to promote the export of Vietnamese fruits, particularly longan and lychee, to Singapore.

Vietnam will earn US$1 billion from exports of fresh coconuts and products made from them this year, up from $900 million last year, the Vietnam Coconut Association has said.

The dramatic shift means that issues like climate and tech will grow more intertwined with trade.

Vietnam exported 219,000 tonnes of cashew nuts worth US$1.28 billion during the first five months of the year, increasing by 8.0% in volume and 5.5% in value compared to the same period last year, according to the General Department of Vietnam Customs.

The export revenue of durian was reported at 190.5 million USD in the first four months of this year, a dramatic increase of 573.1% over the same period in 2022.

Vietnam's motorcycle market has been among some of the fastest-growing markets in the world in the last decades despite setbacks brought by the COVID-19 global pandemic, according to the Vietnam Association of Motorcycle Manufacturers (VAMM)

Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.