Exports regain growth ‘rhythm’ but challenges linger
The total import and export turnover of goods in October has been estimated at $61.62 billion, up 4.1 per cent over September and 5.6 per cent against October 2022, according to the General Statistics Office of Vietnam (GSO). After a sudden decline in September, exports regained growth levels in October. But to reach the annual target of $393-394 billion set at the beginning of the year, exports over the next two months need to bring in more than $100 billion, which is a huge challenge. Organizations and businesses see that difficulties remain, the economic downturn has not ended, geopolitical crises are spreading, consumer behavior is changing, and price competition from exporting countries continues, all of which are unfavorable for exporters.