As of October 2024, Vietnam's shrimp export turnover reached nearly $2.8 billion in the first nine months, reflecting a 10.5% increase year-on-year. Major markets for this growth included the United States, with exports valued at $516 million, the European Union at $337 million, and China at $529 million. This surge in shrimp exports is part of a broader trend, as Việt Nam's total seafood export value was reported to be nearly $6.3 billion in the first eight months of 2024, showing a nearly 9% increase from the previous year [86e3c1e8][3d0726c9].
In addition to the seafood sector, the real estate market in Ho Chi Minh City has shown signs of recovery, with a growth rate of 6-7% in the first nine months of 2024. This recovery is attributed to increased demand and investment in residential and commercial properties [86e3c1e8].
On the trade front, Việt Nam's exports to the EU reached nearly $38.88 billion in the first seven months of 2024, a significant 16.74% increase year-on-year. The trade surplus with the EU stood at $3.24 billion, driven by key exports such as computers, electronic products, and footwear [00c020f3].
Furthermore, the Australian government has initiated an anti-dumping probe into Vietnamese steel products, which could impact the trade dynamics in that sector. Meanwhile, the USD/VND exchange rate has risen to VND 24,168, reflecting ongoing economic adjustments [86e3c1e8].
As the country continues to navigate these economic developments, the government is also supporting significant investments, such as Hyosung's $4 billion project in Vietnam. This investment is part of a broader strategy to attract foreign capital and enhance the country's industrial capabilities [86e3c1e8].
Overall, Vietnam's economy is showing resilience and adaptability, with various sectors contributing to a positive outlook for the remainder of 2024.