Vietnam's exports of agro-forestry and aquatic products reached $33.21 billion in the first eight months of 2023, according to the Ministry of Agriculture and Rural Development.
The governments of Vietnam and the Philippines agreed to sign a rice trade pact to ensure food security amid recent developments in global food supply chains, Vietnamese authorities said on Thursday.
New consumption habits, improved living standards of the Vietnamese middle class and a younger generation in urban cities have led to more adoption of new consumer trends.
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According to the local Department of Industry and Trade, the Index of Industrial Production (IIP) in Ho Chi Minh City climbed 6.6% in August compared to the same month last year.
Many Vietnamese micro, small and medium enterprises have not prioritised the transition to green development due to many limitations such as human resources and access to capital.
Vietnam led Southeast Asia in terms of international travel demand growth, with a 170% increase in the second quarter of 2023 compared to the same time in 2019.
Further opportunities will be unlocked for Vietnamese home and kitchen decor and its furniture industry by tapping into the strong foundation of traditional long-standing craft villages, natural material resources, and manufacturing capacity.
Vietnam's coconut exports are expected to reach $1 billion in 2025 after the US and China agreed to let Vietnamese coconuts into their markets.
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