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Vietnamese cashew nut gains popularity in Italy thanks to quality.

Seafood currently makes up 18% of Vietnam’s total exports of agro-forestry-fishery products, with the US being the largest buyer for 23% of the total market share.

The figure places phones and accessories as Vietnam’s export items with the highest earnings in 2021.

Assuming Vietnam keeps the current pace of trading growth, the turnover could set a new record and exceed the $700-billion mark in 2022.

Vietnam would be the third-largest rice exporter in 2022, behind India and Thailand, with shipments of around 6.4 million tons.

The four markets receiving the largest number of Vietnamese workers included South Korea, Japan, Germany and Taiwan (China).

The capital will continue to focus on realizing the dual goal of fighting the Covid-19 pandemic and boosting socio-economic development.

2022 would remain to be a favorable year for trade, especially as enterprises have improved their resilience and several economic sectors continue to benefit from CPTPP, EVFTA, and RCEP.

This year, Vietnam’s garment exports are estimated at US$39 billion, representing an increase of 11.2% year-on-year and 0.3% higher than the figure in 2019.

Trade turnover this year could be well over US$667 billion, representing an increase of 22.4% year-on-year, which resulted in a surplus of $3 billion.

There has been a significant shift in the country’s approach to trade promotion, including the adoption of IT and digitalization in trading activities.

Such positive results come from the sector’s restructuring process that aims to meet the demands from export markets.

The export figure may rise up to US$43.5 billion in 2022.

The frequency of identity and physical checks would go up by 50% for coriander leaves, basil, mint, parsley, okra, peppers, and 10% for dragon fruits.

Vietnam currently makes up 1% of total EU imports of vegetables and fruits.

Hanoi is scheduled to announce an economic recovery plan in line with Covid-19 control and prevention.