Marko Walde, chief representative of the Delegation of the German Industry and Commerce in Vietnam, Myanmar, Cambodia and Laos, has suggested that local firms utilize the support of competent agencies, international trade promotion agencies, and associations in order to achieve greater penetration into the fastidious EU market.

Some foreign direct investment (FDI) enterprises have encountered difficulties in customs procedures for exporting goods of imported origin without undergoing processing. The Customs authority has provided timely response and guidance.

There are concrete signs that Vietnam’s exports are set to recover in the fourth quarter driven by a bottoming out of the US inventory cycle and by an acceleration in multinational firms’ movement of manufacturing to Vietnam.

Although it is not completely recovered compared to the same period last year, the business results in the second quarter of 2023 of many enterprises have shown positive signals in export activities, lighting up hope for the remaining months of year.

Vietnam’s fruit and vegetable export turnover reached 3.23 billion USD in the first seven months of 2023, up 68.1% over the same period in 2022, according to the Ministry of Agriculture and Rural Development. The fruit and vegetable industry is expected to gain an export turnover of over 5 billion USD in 2023.

According to the General Department of Customs, Vietnam's import and export of goods in the first 7 months of 2023 to the Asian market region reached USD241.84 billion, accounting for the largest proportion of 65% of Vietnam’s total import and export value of goods to the world, a decrease of 13.5% from the same period last year.

Vietnam’s wood and wooden product exports have seen signs of gradual recovery, according to the Hanoi-based DSC Securities Joint Stock Company (DSC).

The Free Trade Agreement between Vietnam and Israel (VIFTA) was officially signed on July 25, 2023, will open up opportunities for Vietnam's seafood exports to Israel and the Middle East market.