By exploring new markets, diversifying products and prioritising sustainability standards, Vietnamese aquatic products have laid the groundwork for long-term expansion including early steps to build investment partnerships in emerging markets such as Algeria and Cuba.
Vietnam’s “One Commune, One Product” (OCOP) programme has emerged as a significant driver of rural economic development, helping to elevate the value of local specialties while positioning them for international markets.
By the end of May, the total textile and garment industry's exports reached nearly 16.8 billion USD, including nearly 15 billion USD from exports of textiles and garments. Exports to key markets such as the US, Japan, and Europe all saw double-digit growth.
As the US market accounts for 30% of Vietnam's total export turnover, the imposition of a reciprocal tariff of up to 46% will heavily impact many industries in Vietnam.
Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.
Improving the rice quality, diversifying markets, and building a recognisable and trustworthy brand identity for Vietnamese rice are among measures for Vietnam to boost its rice exports, said Secretary of All India Spices Importers Federation (AISIF) Hiren Gandhi.
Vietnam’s rice exports are expected to reach a record turnover of about 5 billion USD this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.
The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam Customs.
Imported fertiliser volume soared in March, with China being the biggest supplier, according to preliminary statistics from the General Department of Customs.
Pham Nhat Vuong, Chairman of Vingroup and founder of Vietnamese electric vehicle maker VinFast, on March 18 announced the establishment of V-Green Global Charging Station Development Company (V-Green).
Wholesale markets in Ho Chi Minh City will be gradually reformed to better serve both buyers and sellers and keep pace with socio-economic development trends, according to the municipal Department of Industry and Trade.
Minister of Planning and Investment Nguyen Chi Dung has put forth solutions to remove obstacles for enterprises at a meeting between standing cabinet members and business representatives on the occasion of the Vietnamese Entrepreneurs’ Day.
Vietnam defines Bangladesh, which is currently the country's second largest trading partner in South Asia, as its important partner and a potential investment destination for major corporations and enterprises of the Southeast country in the future, National Assembly Chairman Vuong Dinh Hue said on September 22.
The Vietnam National Administration of Tourism (VNAT) on June 28 announced that the country welcomed over 5.57 million foreign tourists in the first six months of 2023.
The Vietnam Logistics Business Association (VLA) will host the 2023 Asia-Pacific Regional Annual Meeting of the International Federation of Freight Forwarders Associations (FIATA) and the mid-year meeting of the ASEAN Freight Forwarders Association (AFFA) in the central city of Da Nang from July 13 to 15.
Despite suffering a year-on-year decrease of 11.1% in the first five months of 2023, agro-forestry-aquatic product exports are expected to rebound in the remaining months of this year thanks to recovery momentum in main export markets, insiders said.
The agro-forestry-fishery export turnover reached 6.28 billion USD in the first two months of 2023, according to the Ministry of Agriculture and Rural Development.
The south central province of Binh Thuan aims to build brands for local products associated with the protection of geographical indications in order to increase value and affirm the brands of speciality products.
