According to the Ministry of Industry and Trade, by the end of April, Vietnam’s total export turnover reached 140.34 billion USD, an increase of 13% compared to the same period in 2024.

Indonesia is the world's biggest producer of the edible oil used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo, accounting for more than half of the global supply.

In response to the new situation, many enterprises in HCM City said that they are proactively exploring new markets beyond the traditional US market while diversifying their product offerings tailored to various customer segments across different countries.

Main activities of the digital technology map include positioning businesses in the technology ecosystem, connecting investment networks and innovation support funds, joining trade promotion activities, and expanding international markets. 

– Vietnam is looking to increase the volume and revenue of rice exports in the remaining months of this year. However, a wide range of hindrances are looming on the horizon.

Vietnam witnessed declines in both exports and imports in the first four months of 2023, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.

Export turnover in agriculture, forestry, and fisheries in the first half of 2020 was estimated at 18.81 billion USD, a year-on-year decline of 3.4 percent.

Vietnam exported 293,960 tonnes of fruits and vegetables worth 620 million USD in the first two months of 2018, a year-on-year rise of 47 percent and 47.6 percent, respectively.

The southern province of Dong Nai enjoyed a trade surplus of nearly 1.4 billion USD in the first eight months of the year, according to the provincial Statistics Office.

The Mekong Delta province of Kien Giang earned 170 million USD from exports in the first six months of this year, accounting for 42 percent of the annual target and up 2.6 percent from the same period last year, reported the provincial Department of Industry and Trade.

Vietnam’s enterprises have recently promoted their investments in new fields and new markets and also expanded their operation in traditional markets, according to the Foreign Investment Agency (FIA).

The US and Latin American countries have huge demand for products made by sectors in which Vietnamese companies have advantages, but they need to study these markets carefully to enter them.