A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.
In the long-term, enterprises hope that the Government will manage exchange rates flexibly to benefit exports and prioritise reasonable loan quotas for agricultural exports as domestic raw material prices increase.
The Ministry of Industry and Trade is intensifying trade promotion activities, focusing on new and potential markets that individual businesses have yet to gain direct access.
Hanoi has expanded cultivation areas that meet high-quality standards and have regional codes to ensure product origin and traceability. The capital has also established supply chains for key agricultural products to meet export requirements.
More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).
Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market.
With an output of between 12 and 14 million tonnes a year, Vietnam's fruit products not only meet domestic consumption needs but also caters to exports, generating nearly 3.5 billion USD each year.
High costs, a shortage of warehousing space, and a lack of uniform infrastructure have made logistics a barrier for agricultural exports, though Vietnamese fruit and vegetables have found favour among consumers around the world.
The agricultural sector will need to focus on key products with high export potential to compensate for products that are not expected to meet the yearly export turnover target.
The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi.
China’s customs authorities have approved another 32 farming area codes and three packaging facility codes for durian in the Central Highlands province of Lam Dong, according to the provincial Department of Agriculture and Rural Development.
Vietnam’s agricultural exports need to adapt to China’s strengthened COVID-19 control rules and enforcement of Decrees 248 and 249, according to a workshop held in the city of Buon Me Thuot, the Central Highlands province of Dak Lak, on July 26.
As many countries in the world have limited food exports to guarantee domestic food security, rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters.
Vietnam has continued to make gains in agro-forestry-fishery production, and seen increases in agricultural exports thanks to its successful COVID-19 containment.
To thoroughly deal with the congestion of agricultural exports at border gates, Minister of Industry and Trade Nguyen Hong Dien stressed that agricultural production must be aligned with export market standards and demand.