Inflation is still high in many countries, leading to the trend of monetary tightening and interest rates which are expected to continue to increase in the first half of the year.

To enhance its competitiveness and weather difficulties, Vietnam's shrimp industry is exerting stronger efforts and capitalising on every advantage to develop, according to insiders.

The export turnover of Vietnamese durians this year is likely to hit around US$1, according to Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetables Association (Vinafruit).

According to the General Statistics Office, the growth of Vietnam’s food manufacturing and processing industry averaged 7% per year during the 2016-2020 period. The value of food processing accounts for 19.1% of Vietnam’s manufacturing sector.

While Vietnam’s export of several key agro-forestry-aquatic products endured a sharp drop of 14.40 percent on-year in the first quarter of 2023, seafood exports were hardest hit with the on-year fall of 29 percent.

According to the preliminary results of the anti-dumping (AD) duty administrative review, the US Department of Commerce (USDOC) determined that circular welded carbon steel pipes and tubes from Thai Premium Pipe Co. Ltd. (TPP) were sold at less than normal value

The U.S. is considering resuming fresh coconut imports from Vietnam, which have been affected by a tightened pest risk control policy.
 

Given the decline of many traditional raw export markets, agro businesses have been actively promoting technology transfer and application in production, focusing on deep processing to diversify export markets.