The total import-export turnover between Vietnam and Australia reached a record of 14 billion AUD (10 billion USD) in the first 10 months of this year, an increase of 50 percent over the same period last year.

Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.

The launch of a direct air route between Vietnam and the US is an important milestone reflecting the strong growth of the bilateral relations and helping boost Vietnam’s economy and cultural exchange, said Vietnamese Deputy Consul General in San Francisco Hoang Huu Anh.

This strong growth in demand – for goods, as opposed to services - is largely the result of pandemic restrictions easing, but also from economic stimulus packages and sharp increases in the price of raw materials.

Processed fruits and vegetables will continue to enjoy strong growth potential thanks to their convenience and long preservation time.

Britain and Israel will sign a 10-year trade pact in London on Monday, promising cooperation.

Thailand aims to join talks on membership of a trans-Pacific free-trade agreement despite opposition over fears the pact could harm farm and healthcare businesses.

After a decline in output and exports in the second and third quarters due to the COVID-19 pandemic, many industries have seen a rebound in exports and strong growth since October.

The Vietnamese Embassy and Vietnam Trade Office in Australia have launched a programme marketing two tonnes of Vietnamese whole frozen passion fruit products in a bid to increase the share of the fruit in the market.

More than 40 ministries, branches and localities have developed digital transformation projects. However, in the business sector, especially among small and medium enterprises (SMEs) and manufacturing enterprises, this process is not happening as strongly as expected.