Vietnamplus

The Regional Comprehensive Economic Partnership (RCEP) agreement, expected to be signed on November 15 within the framework of the 37th ASEAN Summit in Hanoi, will be the world’s largest free trade agreement (FTA) and is a significant boost for ASEAN businesses, including those in Vietnam, according to insiders.

The seventh meeting of the Joint Trade and Economic Commission (JTEC) between Vietnam and New Zealand was held online on October 23, co-chaired by Deputy Minister of Industry and Trade Tran Quoc Khanh and New Zealand’s Deputy Secretary Trade and Economic Vangelis Vitalis.

Vietnam has taken measures to improve the capacity of its supporting industries to make domestic enterprises effectively participate in global value chains.

Vietnam and China should extend the working hours for customs clearance at border gates and restore cross-border trade at markets along the border, Le Hoang Oanh, Director of the Ministry of Industry and Trade (MoIT)’s Asia-Africa Market Department, told an online meeting on August 13.

The customs of Nepal has issued a "No Objection Certificate" (NOC) allowing Vietnamese exporters' peppercorn containers that have been stuck in the country for several months to return home, according to the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT).

Another Vietnamese factory has been granted with a transaction code to export dairy products to China, according to the Asia-Africa Market Department under the Ministry of Industry and Trade.

Experts have urged Vietnamese exporters to shift their attention to neighbouring ASEAN markets given that COVID-19 continues to wreak havoc on major markets such as the EU and the US, a recent conference heard.

Vietnam and New Zealand are eyeing 1.7 billion USD in two-way trade this year.

More than 50 businesses, cooperatives and markets in and out the northern province of Bac Giang – the country’s largest lychee producer - have registered to engage in sales of “thieu” lychee – a local fruit specialty.

Bilateral trade between Vietnam and African economies has made significant growth in the past decade, however, there is still room for improvement.

A forum was held in Hanoi on November 28 to seek ways to enhance trade and business partnerships between Vietnam and Ghana.

Nearly 20 Vietnamese firms in various areas are participating in the 39th India International Trade Fair (IITF), which began in New Delhi on November 14.

Vietnam can become a gateway for Indian businesses and goods to enter other large markets, according to Do Quoc Hung, head of the Asia-Africa Market Department under the Vietnamese Ministry of Industry and Trade.

Asia and Europe are important markets for Vietnamese fruits and vegetable exports and imports, and flowers could be next, experts said at a seminar on “Fruit, vegetable and flower exports - New movements in Asian and European markets” in Hanoi on October 24.

The Vietnam Solar Power Expo 2019 opened in Hanoi on September 25, drawing 48 exhibitors and more than 300 enterprises.

Vietnam’s agro-fishery export to its most important market – China – has experienced sluggish growth over the recent past.

A conference was held in Hanoi on September 13 to seek ways to boost sustainable exports of agricultural and aquatic products to China.

Chances for trade and investment cooperation with Singapore and Malaysia under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were highlighted at a workshop held in the southern province of Long An on August 30.

Minister of Industry and Trade Tran Tuan Anh has directed relevant agencies to coordinate and implement the most effective solutions to ensure the achievement of export growth targets.

Boasting 1.8 million hectares of fruit and vegetable plantation, with many various zones applied advanced technologies into production, Vietnam aims to gain 5 billion USD from farm produce exports by 2020.