The increasingly improved quality of Vietnamese rice exports has also contributed to increasing demand for Vietnamese rice from importing countries.

As Vietnam has made a strong commitment to carbon emission neutrality by mid-century, foreign direct investments in the country have begun to go green to join the efforts.

Although import and export activities have been active again in February, in the first two months of 2023, Vietnam's import-export turnover was estimated at US$96 billion, down 13.2% over the same period last year.

Việt Nam’s trade with 11 other major Asian markets could rise significantly in value by 2030, according to an industry study released by UPS.

India has expressed concern over the rising trend of countries using environmental processes as “protectionist non-tariff measures” at the WTO. The following day, China too called for multilateral discussions on the trade aspects of how such measures are impacting various countries, especially developing nations.

Vietnamese agricultural products have been present in nearly 200 countries and territories, helping the export turnover of agricultural, forestry, and fishery products to reach more than US$53.22 billion in 2022.

It’s critical for Vietnam to focus on promoting intellectual property rights for areas associated with agricultural products which would enable farm produce to go far in international markets.

Vietnam is facing more challenges to attract more foreign direct investment (FDI) as traditional sources of overseas capital are looking for opportunities closer to home.

The UK is poised to join this major Asia-Pacific trading bloc in time for New Zealand’s host of key trade ministers in Auckland over the Matariki weekend in July.

Industry insiders and policymakers have cautioned that Vietnam is facing an uphill battle to achieve its goal of 6% export growth this year.