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"A roll call" of billion-dollar export products with high growth rates.

Despite many difficulties in export, there are still a number of products with export turnover growing at a very high level.


According to the Ministry of Industry and Trade, in the group of processed industrial goods, there are only a few key export products with high growth rates. Export turnover increased over the same period last year, such as Computers, electronic products, and components, up 0.7% (estimated at 47 billion USD); Means of transport and spare parts rose by 18.1% (estimated at 11.58 billion USD).

The Vietnam Electronic Business Association informed that more positive signals are appearing, thanks to customers in traditional markets releasing inventory.

With signs of a warming market, exports of computers and components will reach about 57 - 57.5 billion USD in 2023, an upsurge of more than 2 billion USD compared to 55.53 billion USD in 2022.

In the group of agricultural products, fruits, and vegetables stood out with an estimated export turnover of 700 million USD in October, a leap of 2.3 times compared to the same period in 2022, thereby soaring the total export turnover of fruits and vegetables in 10 months reached 4.9 billion USD, up 78.9% over the same period last year.

According to the Vietnam Fruit and Vegetable Association, China often has a high demand for dragon fruit at the end of the year. This is expected that dragon fruit exports will recover. Recently, coconuts were granted a "visa" to the US and along with negotiations to officially export coconut products to China, in the coming time, Vietnamese coconuts are expected to quickly become a billion-dollar commodity. These things contribute to increasing the export turnover of the entire fruit and vegetable industry in the coming up.

Ministries and branches continue to negotiate to open the market for Vietnamese fruits and vegetables to potential markets, especially high-valued markets. Particularly for China, there is a protocol on products including Watermelon from a traditional export item to which signed protocol to standardize regulations; cold durian, chili, medicinal herbs, and citrus fruits. If the problems in exporting these products can be synchronously resolved, trade will be very favorable and the growth rate will be much greater.

Followed by rice. Although the volume of rice exports decreased by 1.8% in October, rice export turnover still increased by 27% over the same period last year thanks to rising export prices. Accumulated in 10 months, rice exports reached 7.1 million tons, a leap of 17% and rice export turnover reached 3.97 billion USD, a surge of 34.9% over the same period in 2022.

Implementing the National Trade Promotion Program, and promoting sustainable export of Vietnamese rice to China at the same time, the trade delegation of Vietnamese rice products in the Chinese market led by Mr. Tran Quoc Toan - Deputy Director of the Import-Export Department is the Head of the delegation with members who are officials from the Import-Export Department and the Trade Promotion Department - Ministry of Industry and Trade, with the participation of 19 rice export businesses completed the work program in Beijing city (China).

To consolidate and develop trade relations between the two countries in general and Vietnam-China rice trade in particular, especially for the Northern China market area, the Working Group proposed and achieved agreement. Assistance from state management agencies, associations, and agricultural, and food businesses, especially Chinese rice businesses strengthen trade support, establish information exchange channels, and timely coordination in resolving problems between businesses of the two countries, continuing to promote Vietnam's rice export activities to China in the coming time.

Besides, consider signing memorandums of understanding on promoting exports and trade promotion between the two countries. Supporting Vietnamese rice products to penetrate deeply into China's traditional retail market and e-commerce channels in the future, contributing to maintaining market share and increasing Vietnamese rice export turnover to China.

With positive and synchronous measures removing difficulties to support domestic production, promoting trade, and expanding export markets being strongly implemented, import and export activities continue to have positive results, regaining growth momentum in October 2023 after a slight downward trend last month.

Total import and export turnover of goods in October was estimated at 61.62 billion USD, up 4.1% over the previous month and up 5.6% over the same period last year. Overall for 10 months, total import and export turnover of goods is estimated at 557.95 billion USD, down 9.6% over the same period last year.

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