Topic: export markets

Areas like agricultural products, processed foods, pharmaceuticals, and medical devices, are in high demand in Russia.

A key factor contributing to this challenge is the EU and Spain’s prioritization of new Free Trade Agreements (FTAs), particularly with Mexico and the Mercosur bloc in 2025.

In January 2025, the US accounts for 54.9% of Vietnam's total export value of timber and wood products.

Algeria is considered a promising market for several of Vietnam’s key exports, including coffee, tea, pepper, cashew nuts, spices, tra, and basa (pangasius) fish fillets.

The industry is setting its sights on a 10% growth in exports for 2025, aiming for a turnover of approximately $29 billion.

Businesses need to adapt to new US policy requirements, invest in innovative technology, and improve product quality.

Vietnam's exports to these markets witnessed strong growth in 2024, estimated at approximately $250 billion.

Northern province grows rice and fruit and vegetables and produces meat and seafood, mostly under VietGAP and GlobalGAP standards.

Export value likely to be down for 2023 as a whole.

Exports and imports totaled $673.82 billion this year as of the end of November, surpassing the $668.54 billion recorded in 2021 as a whole.