Vietnamese products are gaining traction and increasing their market share in the ASEAN bloc, particularly in neighbouring countries such as Cambodia and Laos, according to businesses and a report by the Ministry of Industry and Trade (MoIT).
The UK-Vietnam Free Trade Agreement (UVFTA) is one of the key drivers boosting the growth of Vietnam’s timber and wood product exports to the UK, industry experts have said.
Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
Wood, furniture, and handicrafts businesses should fully tap e-commerce channels to reach more customers, and increase sales and revenue, said insiders at a workshop in Ho Chi Minh City on March 8.
The World Trade Organisation (WTO) estimated that steel export value may drop by 4% under the impact of the EU Carbon Border Adjustment Mechanism (CBAM). A drop in demand will lead to a reduction of about 0.8% in output.
Experts at a conference in Ho Chi Minh City on December 6 stressed the need for both producers and exporters to change the mindset and approach to boost exports to China, a potential market for Vietnamese farm produce.
Fifty years ago, Argentina was one of the first countries in Latin America to establish diplomatic relations with Vietnam, following the signing of the Paris Agreement in 1973. Notably, after the two countries elevated their relationship to a comprehensive partnership in 2010, bilateral ties have seen significant and positive developments across spheres.
Although the aquaculture industry have been facing many challenges, it continues to receive support from the Government, Director in charge of communications of the Vietnam Association of Seafood Exporters and Producers (VASEP) Le Hang told Lao dong newspaper.
Africa has a huge potential of becoming a destination for Indonesia’s manufacturing exports, besides its traditional markets such as the US, the EU, or China, according to the Indonesian Chamber of Commerce and Industry (Kadin).
In the context of the COVID-19 pandemic being largely brought under control, most countries around the world are gradually reopening, including Vietnam. The country has made enormous efforts to strengthen economic, trade, and diplomatic activities and cooperation with other countries and territories.
A consultation session on export to the Algerian market will be held on April 19 in Ho Chi Minh City as part of activities in the national programme on trade promotion in 2022, according to Deputy Director of the Trade Promotion Agency of the Ministry of Industry and Trade (MoIT) Le Hoang Tai.
Despite difficulties and challenges caused by the COVID-19 pandemic, Vietnam - Malaysia trade has recorded positive signals, potentially achieving a two-way turnover of 18 billion USD in 2025, according to Malaysia External Trade Development Corporation (MATRADE) Director of ASEAN and Oceania Raja Badrulnizam Raja Kamalzaman.
There is one month to go before year-end but 11-month agro-forestry-fishery exports have almost hit the annual target for 2021, reaching nearly 43.5 billion USD, an all-time high that far exceeds 2020.
Vietnam and the US have huge potential to boost cooperation in trade and supply chains after COVID-19 is brought under control, which opens up many opportunities for Vietnamese firms to increase exports to this major market.
