November exports rose 6.7% year-on-year with shipments of computers and parts surging 20.2% while those of machines went up 5%, it said in a recent report.

Tan Vu Port in Hai Phong City.

"New areas with export growth potential, such as agricultural products, also continued to show signs of strength in support of a modest improvement towards year-end."

The relaxation of visa policy since August has driven a sustained recovery in international tourists, with November welcoming over a million tourists for the fifth consecutive month.

With 11.2 million arrivals year-to-date, the official target of 12-13 million tourist arrivals for 2023 looks to be comfortably secured, HSBC said.

But competition is set to intensify in ASEAN as Thailand has provided visa exemptions for Chinese and Indian tourists and Malaysia has followed suit.

Inflation remains in check, at 3.4% last month, thanks to falling pork prices domestically and declining oil prices globally.

HSBC, however, said it "remained cautious" of Vietnam’s trade prospects in upcoming months as demand for goods in major trading partners were still challenging.

The Manufacturing Purchasing Managers’ Index contracted further to 47.3 last month, with both output and new orders in contraction. A PMI of less than 50 indicates a decline in activities.

There are also risks of rising inflation as Vietnam Electricity, the state-owned utility company, raised its power prices by 4.5% in November to accommodate diminished hydropower production.

Another risk is medical costs, which last month rose for the first time in four years.

Export value of agricultural and forestry products increases 90 million USD

BAC GIANG - Although the world and domestic economies face many difficulties, the export value of agricultural and forestry product in Bac Giang province in 2023 still reaches more than 1.53 billion USD, up 90 million USD compared to 2022 figure, reported the provincial Statistics Department.

Vietnam targets $44B in textile, apparel export turnover in 2024

Vietnam Textile and Apparel Association (VITAS) has set a target of earning $44 billion from textile and apparel exports in 2024 as positive changes have been seen from the last quarter of this year.

Worst is over for garment, footwear exports, growth next year

Garment and footwear exports have slumped from the beginning of this year but the drops slowed in recent months, signaling a slight recovery in the industries, experts said.

Vietnam's textile, apparel exports to top 40 billion USD in 2023: VITAS

Vietnam Textile and Apparel Association (VITAS) on November 23 announced that Vietnam’s textile and apparel exports are estimated to top 40 billion USD, about 9% less than that of last year.

Vegetable, fruit exports reach $5.2B record

Vietnam’s vegetable and fruits exports surged 70% year-on-year in the first 11 months to $5.2 billion, a new historic peak.

Source: VnExpress