In the year 2023, China outpaced the United States to claim the position of the primary consumer of Vietnamese agricultural, forestry, and fishery products. As we step into 2024, anticipation remains high for this market, particularly following the recent business expedition by the delegation from the Chinese Ministry of Agriculture and Rural Development.
In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam's largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
Mr. ĐẶNG PHÚC NGUYÊN, General Secretary of the Vietnam Fruit and Vegetable Association, emphasized that while the Chinese market offers vast opportunities for Vietnamese fruits and vegetables, establishing a strong presence requires a focus on enhancing quality and design. Particularly crucial is the need for thorough market research.
As of the end of 2023, the Gross Regional Product (GRDP) at comparative prices in Ho Chi Minh City is steadily approaching the potential GRDP. This accomplishment is indicative of the city's economy rebounding after the significant impacts of the COVID-19 pandemic.
The strong recovery of industrial production, the exponential rise in exports, abundant goods supply, and good revenue from services in January paint a rosy picture for the domestic industry and trade sector this year, heard an online conference held by the Ministry of Industry and Trade (MoIT) on February 16.