Businesses should proactively diversify their export markets in order to prepare for unexpected events in the context where there is a trend of trade liberalisation, alongside a rise in protectionist measures, and increased technical and trade barriers in major markets.
Vietnamese businesses should adhere to changes in EU quality and food safety standards to ensure compliance, as regulations are continuously revised, particularly those concerning novel foods and composite products, according to insiders.
Seven Vietnamese businesses have been allowed to export bird's nest products to China so far, said Tran Thi Thu Phuong, Head of the Office of International Cooperation and Communications of the Department of Animal Health under the Ministry of Agriculture and Rural Development (MARD).
China has officially announced the easing of COVID-19 prevention measures which have been imposed for three year, and experts have said this is expected to kickstart the country's economic recovery, opening opportunities for some Vietnamese sectors in the medium term.
Removing bottlenecks in transport infrastructure and policy mechanisms is considered an important solution to help cut logistics costs and improve the competitiveness of Vietnamese businesses and goods in the time to come.
Vietnam’s e-commerce market is forecast to continue growing strongly in the time to come thanks to a big population with high rates of young people and internet users.
“I am hugely excited that the two ambassadors are finalising this trade agreement by signing it today (December 29), cementing our historic ties and ushering in a bright future. I can’t wait to visit again”, Heather Wheeler, MP and Prime Minister’s Trade Envoy for Cambodia, Laos, Vietnam said in an interview with Vietnam News Agency correspondents.
Four Vietnamese businesses are participating in an online international exhibition on the food industry and agriculture sector, which opened in Algeria on December 1, to introduce Vietnamese products and seek potential customers.
Vietnamese businesses need to focus on brand building and usage of online channels rather than cheap prices, experts said at a conference in Ho Chi Minh City on November 22.
Vietnamese businesses poured nearly 200 million USD into 90 projects abroad in the first half of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The visa exemption policy for citizens of five European countries will expire in the next three months. Whether and when it might be renewed are still open questions, creating a headache for tourists and Vietnamese businesses that serve them.
The Cambodian Government’s new policies on investment attraction and facilitation to foreign investors were introduced to Vietnamese enterprises attending the 7th Mekong Forum in Phnom Penh on December 9.
Representatives from Vietnamese enterprises in Cambodia have called on the Vietnamese Government to create more favourable conditions for them to conduct business in the host country.