In the first five months of this year, the export revenue of wood and wood products reached 6.14 billion USD, a year-on-year increase of 23.6%. As recorded, the businesses’ orders have been increasing until June, even the end of the year. These are good signals, contributing to improving the export value of the wood industry.

Vietnam has opportunities to boost exports of agricultural, forestry, and fishery products with the export value expected to shortly surpass US$53 billion.

Vietnam always greatly values Germany’s role and leading position in Europe and the world as a whole, and places importance on deepening the bilateral strategic partnership across the board with the European nation.

The event opened up new cooperation opportunities in the industrial and technology sectors between Korean and Vietnamese companies.

The prices of many domestic and exported agricultural products have increased considerably from mid-2023 until now, especially the prices of rice and coffee. In the first four months of 2024, the average export prices of Vietnamese rice reached 644 USD per tonne, an increase of 22.2%, while the average prices of coffee were reported at 3,402 USD per tonne, a sharp surge of 49.7% over the same period in 2023.

Vietnam is no longer an attractive destination for labor-intensive, land-intensive or low-productivity industries, and this shift in investment is considered a natural and expected development.

The leader stated Việt Nam hopes to step up and expand joint work with each ASEAN member country within the framework of bilateral cooperation, especially in potential areas to meet development needs and for mutual benefits and prosperity of the sides involved.

In a key shift in global trade dynamics, the Association of Southeast Asian Nations (ASEAN) saw its exports to the United States surpass those to China for the first time in six quarters.

Vietnam’s economic renovation of the mid-1980s signalled the country’s opening up to foreign investment. While some of the world has only recently realised Vietnam’s potential, Thai companies were among the early investors.

Vietnam always attaches importance to and wants to develop the Vietnam - Indonesia strategic partnership to a new height, National Assembly Chairman Tran Thanh Man said while receiving Deputy Speaker of the Indonesian Regional Representative Council (upper house) H. Mahyudin in Hanoi on June 12.