The sustainable development of industrial parks still faces many difficulties that need to be resolved, such as capital and finance issues, and clarifying legal regulations.

Q1 witnesses breakthroughs in fruit and vegetable exports

The Vietnamese business community is present in over 130 countries and territories, with 30 business associations, serving as an important bridge to promote economic and trade relations between Việt Nam and other countries.

Việt Nam has exported steel products to more than 30 markets in the world, with about 25-30 per cent of its steel exports going to the EU market.

As the main export product of Vietnamese seafood, shrimp processing enterprises are taking advantage of export acceleration since the beginning of the year.

Resolution 02 issued by the Government creates pressure for the ministries, sectors and localities to make changes for the business community as well as the socio-economic development.

This year is forecasted to be the second consecutive year that Vietnam’s rice exports exceed 8 million tonnes, bringing in about 5 billion USD.

The US-led Indo-Pacific Economic Framework (IPEF) remains undeveloped in key areas and faces uncertainty about its future as the 2024 US presidential election looms. The durability of the IPEF heavily relies on significant work to be done on other pillars, including trade, clean and fair economy pillars, amid concerns about future US engagement and the risk of US withdrawal should Donald Trump return to the White House.

The Agency of Foreign Trade under the Ministry of Industry and Trade, and the ASEAN Secretariat on March 25 opened a joint session of ASEAN and Korean experts on the transposition of ASEAN-Korea Free Trade Agreement (AKFTA) product specific rules from harmonised system codes HS 2017 into HS 2022.

Vietnam exported over 30,914 tonnes of pepper worth US$124.3 million during the first two months of this year, down 23.5% in volume and 2.1% in value over the same period from 2023, according to the General Department of Vietnam Customs.