Consultancy predicts growth to slow in global gross domestic product this year on back of increasing geopolitical tensions

Vietnam shipped some 29.2 billion USD worth of agro-forestry-aquatic products abroad during the January-June period, a year-on-year increase of 19%, according to the Ministry of Agriculture and Rural Development.

The Vietnam Academy of Social Sciences hosted an international conference in Hanoi on July 5 to share experience between Vietnam and partners globally in developing the Halal ecosystem domestically.

Vietnam is increasing raw cashewnut imports from Cambodia, making it the major supplier of the material for re-processing, according to the General Department of Vietnam Customs.

With major import markets tending to impose more stringent requirements in terms of environmental and social responsibility, Vietnamese firms need to have strategies and plans to quickly switch to green manufacturing to sustain exports, heard a recent conference in Ho Chi Minh City.

Vietnam is promoting negotiations on the Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) to leverage it as a driving force for exploring export markets in Latin America.

The southeast key economic region has maintained its role as the economic engine of the country with impressive economic indicators recorded in all regional localities so far this year, especially in exports.

Vietnam was the 18th largest exporter of fruit and vegetables to Germany from outside the EU bloc, hitting 9.5 million USD in the first quarter of 2024, up 16.1% year on year, according to the Ministry of Industry and Trade.

The adoption of AI applications, especially generative AI, is important for improving Việt Nam’s competitiveness in the global playing field, delegates told the Shidler Global Leadership Summit.

In the first half of this year, Việt Nam exported about US$55 billion worth of goods to the US, up 26 per cent year-on-year, ranking first in terms of turnover growth, far surpassing other markets such as the EU, ASEAN and South Korea.