Vietnam’s import-export revenue is likely to hit a record of 728.9 billion USD in 2022, according to the General Department of Vietnam Customs.

Two years after the world’s largest free trade area became operational with much fanfare on January 1, 2021, the implementation of the single continental market has been delayed for several reasons.

India should, like the EU, maintain high transparency by publicly articulating its position on critical issues

In 2022, the export value of forest products is estimated at US $16.5 billion, up 4% compared to 2021, with a trade surplus of about US $13 billion. It is happy with the results achieved, but Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri shared many signs entering 2023 that the industry will face many difficulties in exporting wood and non-timber forest products.

Early December witnessed an important visit by President Xi Jinping to Riyadh, the capital of Saudi Arabia, for extensive talks on energy, economy and regional stability.

Vietnam and the Czech Republic have complementary economic structures, so both sides will benefit from stronger bilateral cooperation, said Vietnamese Trade Counselor in the European nation Nguyen Thi Hong Thuy.

As many markets have opened their doors for Vietnamese fresh fruits, Vietnam’s fruit export revenue is expected to hit US$4 billion next year, rising at least 20 percent over 2022, said Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association (VINAFRUIT).

Asia and the Pacific’s trade grew 29.6% in first three quarters of 2021, compared with global trade growth of 27.8%

In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year.

The Ministry of Industry and Trade (MoIT) on December 27 organised a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.