With total two-way trade turnover between Vietnam and the United States surpassing US$132 billion in 2024, the US continues to be Vietnam's largest export market, according to data from Vietnam Customs.

The Agency of Foreign Trade under the Ministry of Industry and Trade, citing data from the General Department of Vietnam Customs, reported that in the first 11 months of 2024, Vietnam exported 20,900 tonnes of meat and meat products worth US$97.52 million, up 3.1 percent in volume and down 2.7 percent in value compared to the same period in 2023.

Vietnam's cashew export sector continues to maintain its dominant position with impressive growth, according to the General Department of Customs.

A 2024 report by the MoIT highlights substantial opportunities for Việt Nam to expand exports of agricultural products, food and consumer goods to ASEAN countries, including Indonesia and Malaysia.

Cooperation between the two countries is being expanded in several fields.

Not only did the EU detect pesticide residues, but Vietnamese durian was also warned by China for not complying with requirements on plant quarantine and food safety.

The fact that Vietnamese fruits and vegetables are constantly being warned when exporting is the main obstacle that makes the goal of conquering the 10 billion USD mark difficult.

To protect domestic production, in 2024, the Trade Defense Department will continue to investigate and review 10 cases initiated in 2023; initiate investigations of 06 new cases, initiate reviews of 03 end-of-term reviews; initiate 01 annual review, receive and process 07 new investigation and review requests.

Vietnam, an emerging leader in Asia, must proactively adapt to potential shifts in trade dynamics resulting from the policies of the new US administration, speakers said at a seminar in Ho Chi Minh City on January 8.

Economic reforms and green transformation trends make European businesses optimistic about Vietnam's economic prospects.