Export turnover of goods in the first ten months of the year was estimated at US$312.82 billion, up 15.9 percent over the same period last year. This is a positive signal, however, economic experts warned of the risk of a decline in export turnover in the near future, because of rising inflation in many countries that are tightening monetary policy.
The market of countries in the ASEAN currently is the fourth largest industrial trade partner of Vietnam after China, the US, and South Korea. Despite many incentives, enterprises have not focused on exploiting this market to promote exports.
Since the beginning of this year, prolonged hot weather and saltwater intrusion have caused disadvantages for shrimp-farming areas in the Mekong Delta. Besides, the Covid-19 pandemic has also affected the export of shrimps, leading to a decline in export turnover.