Vietnam’s export value of pepper reached nearly 630 million USD in the first six months of 2024, an increase of over 30% compared to the same period in 2023.

Vietnam’s total export-import turnover hit 368.53 billion USD in the first half of this year, up 15.7% year-on-year. Exports increased by 14.5% and imports by 17%. The trade balance showed a surplus of 11.63 billion USD.

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD. This represents an increase of 10.4% in volume and 32% in value compared to the same period last year.

In the first half of this year, Vietnam saw 7 export items posting a turnover of more than 7 billion USD, accounting for 65.6% of the country’s total export value.

The 2023 report on Vietnam’s Provincial Competitiveness Index and Provincial Green Index (PCI/PGI), compiled by USAID and the Vietnam Chamber of Commerce and Industry (VCCI), was released recently, announcing the 30 cities and provinces with the best economic governance.

As of April 20, total registered foreign investment in Vietnam had reached 9.27 billion USD, an increase of 4.4% compared to the same period of 2023.

Vietnam’s total registered foreign investment reached nearly 9.27 billion USD in the first four months of the year, up 4.5% compared to the same period last year. The total import-export turnover of goods reached 238.88 billion USD, up 15.2%.

Vietnam aims to post export turnover of 14-16 billion USD from six key industrial crops by 2030.

According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.07 million tonnes of rice in the first quarter of 2024, earning 1.37 billion USD in revenue. This represents a 12% increase in volume and 40% in value compared to the same period of 2022.

The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.

Vietnam’s total export-import turnover hit 178.04 billion USD in the first quarter of this year, up 15.5% year-on-year. Exports increased by 17% and imports by 13.9%.

The Ministry of Agriculture and Rural Development has reported that Vietnam’s rice exports hit 708 million USD in the first two months of 2024, an increase of nearly 50% compared to the same period last year. The figures promise a positive outlook for rice exports during 2024 as a whole, especially those to major markets.

Vietnam’s shrimp exports are expected to recover this year and slightly increase by between 10 and 15%. Export turnover is believed to reach 4-4.3 billion USD.

The Ministry of Agriculture and Rural Development has set a target of Vietnam’s total coffee plantation area reaching 640,000 - 660,000 hectares by 2030, with exports expected to account for 80-85% of the country’s total production.

The Asian Development Bank (ADB), Bloomberg, and HSBC have all forecast that Vietnam’s GDP growth could reach 6 percent in 2024. Standard Chartered Bank, meanwhile, has forecast 6.7 percent, surpassing Vietnam’s own growth target of 6-6.5 percent.

Vietnam ranked second in the world, just after China, in footwear exports, with 1.5 billion pairs shipped overseas and a presence in 150 markets in 2022. Footwear exports last year brought in over 20.2 billion USD, marking the 26th consecutive year, since 1998, that footwear exports have been in the billion-dollar category.