Vietnamese businesses exported VND80.7 trillion (US$3.5 billion) worth of goods through e-commerce channels last year, up 7% from 2021, as small players raced to take advantage of online sales.

Statistics of Việt Nam Timber and Forest Products Association (Viforest) showed that wood exports were estimated at US$4.7 billion in January – May, falling by nearly 30 per cent against the same period last year.

Andrea Coppola, World Bank Lead Economist for Vietnam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.

Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA)

Vietnam's GDP growth rate moderated to a pace of 3.3% year-on-year (y/y) in the first quarter of 2023, after rapid GDP growth of 8.0% y/y in 2022. Vietnam's manufacturing export sector has faced increasing headwinds due to slowing growth in the US and EU, which are two key export markets accounting for over 40% of Vietnam's goods exports. Vietnam's goods exports fell by 13% y/y in the four months of 2023.

With a growth rate of 20% per year, Vietnam is among top 5 countries with the world’s highest e-commerce growth, according to data from Amazon Global Selling.

The Vietnamese Trade Office in Singapore is working to promote the export of Vietnamese fruits, particularly longan and lychee, to Singapore

The Ministry of Agriculture and Rural Development sent a diplomatic note to the General Administration of Customs of China on completing some procedures to export fresh seafood and fruits from Vietnam to China.

Emerging global challenges require a response if FDI volumes are to be maintained.

The Ministry of Science and Technology (MoST) is working with the Ministry of Agriculture and Rural Development (MARD) to negotiate with the US on setting up an irradiation centre in the northern region to facilitate exports of fruit.