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Export Forum 2022

( - "New opportunities for export—take advantage of opportunities for Vietnamese businesses to rise" is the topic of the 2022 export forum organized by the Ho Chi Minh City Trade and Investment Promotion Center (ITPC) on the morning of December 8.
Delegates attending the forum
Speaking at the opening of the forum, Deputy Director of ITPC Tran Phu Lu said that Vietnam's economic recovery is expected to continue in the last 2 months of 2022, supported by strong economic fundamentals, flexible monetary policy, and a faster recovery than expected in the domestic production, service, and consumption sectors.
Ho Chi Minh City recorded a "bright spot" in the field of import and export of goods in the first 10 months of 2022, especially exports. Accordingly, the total export turnover of goods exported by city enterprises through the city's ports, including crude oil, in the first 10 months of 2022 reached nearly 36 billion USD, up 10.1% over the same period in 2021. Regarding the export market, China is still the largest export market for Ho Chi Minh City enterprises, with export turnover in the first 10 months of 2022 reaching USD 8,232.6 million, up 7.3% over the same period last year and accounting for 22.9% of the export proportion. Particularly for the European Union (EU) market, the export value of Ho Chi Minh City enterprises reached 4,943.6 million USD, up 19.7%, accounting for 13.7%.
Guests visit the product exhibition on the sidelines of the forum.

Speaking at the conference, Mr. Alex Tatsis, Head of Economic Affairs, Consulate General of the United States in Ho Chi Minh City, emphasized that Vietnam is the 10th largest trading partner of the United States globally and an important node in the supply chain of essential goods for the US economy, from semiconductors for manufacturing phones and cars to solar panels to promote the clean energy revolution and adapt to climate change. U.S. supply chain links with Vietnam are not one-sided: Vietnam imports computer chips, hardwood, cotton, and animal feed from the United States for the production of semiconductors, furniture, apparel, and seafood in the country. Two-way trade helps Vietnam develop its domestic economy and export to markets around the world.

Dr. Tu Minh Thien, an economist, said that restructuring export enterprises to adapt to changes in new situational conditions for small and medium enterprises is an important issue in the current context. So far, Vietnam has signed more than 15 bilateral and multilateral free trade agreements with regions and countries around the world. Free trade agreements require our country to revise the legal system, legal documents, etc. in accordance with international standards and conventions. Businesses must change their minds and gradually get used to international regulations and laws in trade and investment. As Vietnam advances towards international recognition, it is important to address environmental and sustainability issues, which are often required by importers and also covered in FTAs.


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