Trade gap widens to $948.1 billion as global demand weakens

Fruit and vegetable exports received positive signs during the initial months of the year with the number of export orders to the major markets such as the United States and the EU growing by 20% to 30% against the same period from last year, according to industry insiders.

Amid green growth, the circular economy is becoming a global trend and is required as a positive solution to reduce greenhouse gas emissions and improve competitiveness towards the goal of carbon neutralisation and sustainable development.

The General Administration of Customs China has officially approved an additional 23 Vietnamese enterprises to be able to export seafood products to the Chinese market.

Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year.

Japan and the Netherlands have reportedly agreed to a US request to tighten their export controls of chip manufacturing equipment and technologies to China, although Washington, Tokyo and The Hague have not disclosed details of the deal.

China's economic recovery is subject to a "high degree of uncertainty" and it must tackle a property market crisis, but rebounding consumer confidence will boost the hard-hit regional tourism market.

Viet Nam earned US$ 1.1 billion from exporting plywood in the first 11 months of 2022, securing the fifth place in the world’s top five largest plywood exporters, according to the International Trade Center (ITC).

South Korea’s economy inched toward its first recession in three years as data on Wednesday showed its January trade deficit soared to a record.

There remains plenty of room for Vietnamese commodities such as products such as farm produce, food, apparel and footwear to enter the Russian market.