The Saudi Food and Drug Authority (SFDA) has permitted 12 Vietnamese companies to resume their exports of seafood to the country, the Ministry of Industry and Trade (MoIT)’s Department of Asia-Africa Markets has said.
China approved investment projects and merger & acquisition deals worth 2.45 billion USD in the first seven months of this year, ranking third among foreign investors in Vietnam, said a Chinese official.
Vietnamese enterprises should engage more in trade promotion activities in the Middle East and Africa, particularly as its traditional export markets are becoming oversaturated.
The ‘Vietnam Goods and Tourism Week in Thailand 2018’ officially kicked off on August 22 in Bangkok, displaying a wide range of Vietnamese products with high export potential.
The Foreign Ministry held a seminar in Hanoi on July 5 on external relations and the export of farm produce and aquatic products to the Middle East and Africa.
Vietnamese garment firms expect to navigate and increase garment exports to Australia once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, said director of the Yen Duong Ltd, Co. Thai Binh Duong.
Vietnamese exports to Africa have faced price-related challenges as they have to compete with other African nations in terms of import tax, given the fact there is no free trade agreement or preferential trade agreement between Vietnam and regional countries.
Vietnam and the Middle East hold potential to boost trade and investment, as heard the Vietnam – Middle East trade forum held in Ho Chi Minh City on May 11.
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