Since the two countries elevated their relationship to a strategic partnership in 2015, Malaysia’s exports to Vietnam have soared by around 160%.

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Among Vietnam’s tra fish products, the U.S. is increasingly importing processed tra fish, with its added value soaring 8.5 times compared to the same period last year.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has helped generate impressive growth of Vietnam’s exports in the last five years, still has great potential for exploitation, according to experts.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has helped generate impressive growth of Vietnam’s exports in the last five years, still has great potential for exploitation, according to experts.

Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.

The Ministry of Industry and Trade (MoIT) has analysed trade defence instruments from other countries imposed on Vietnam’s exports and discussed measures to mitigate them in the future.

Vietnam’s exports to most markets, particularly major trading partners, have rebounded strongly, achieving double-digit growth in the past seven months, according to the Ministry of Industry and Trade (MoIT).

Foreign firms contributed nearly 260 billion USD or over 73% of Vietnam’s total export revenue in 2023, statistics show.

Digital economy, circular economy and green growth have been opted by many countries, meaning businesses should be prepared for new trends to raise their competitiveness and boost sustainable exports.

The Ministry of Industry and Trade (MoIT) is focusing on improving provinces and cities’ capabilities in helping local businesses take advantage of free trade agreements such as the UKVFTA and EVFTA by issuing an FTA Index by the end of 2023.

Many agricultural products such as rice, coffee, cashew and durian have set their own records in export revenue, contributing to brightening the picture of Vietnam’s exports for this year.

Enterprises should look for niche markets to better cope with declines in exports in major markets, said the Ministry of Industry and Trade.

With a continuous rise in bilateral trade in recent years, Chile has become the fourth largest trade partner and one of the biggest markets of Vietnam in the Latin American region.

Two-way trade between Vietnam and India saw a yearly increase of 13.6% to over 15 billion USD in 2022, statistics from the General Department of Customs showed.

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).

The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development will step up support for the Vietnamese business community to effectively exploit opportunities from the Regional Comprehensive Economic Partnership (RCEP), contributing to export promotion and economic development.

Turkey is currently the second largest buyer of Vietnamese goods in Western Asia, but enterprises still need to overcome many barriers and improve themselves increase shipments to this market, experts have said.

Vietnam exported 5.3 billion USD worth of goods to Canada in 2021, up 21 percent year-on-year despite facing challenges caused by the prolonged pandemic, according to the Vietnamese Trade Office in Canada.

Vietnam shipped overseas 130.94 billion USD worth of goods in the first five months of 2021, up 30.7 percent annually, according to the General Statistics Office (GSO).