Vietnamplus

The recent debut of the Vietnam-EU e-commerce platform (VEFTA) is expected to boost Vietnam’s exports to the EU market, experts have said.

Deputy Minister of Industry and Trade Cao Quoc Hung and Deputy Minister of Economy and Planning of Saudi Arabia Bandar AlKhamies co-chaired the fourth session of the Vietnam-Saudi Arabia Joint Committee on Economic, Scientific and Technological Cooperation via videoconference on April 7.

Vietnam sustained an export growth rate of over 5 percent during the last 11 months, helping the trade surplus hit a record that almost doubled the figure in the same period of 2019.

Vietnamese businesses have huge opportunities to operate in French-speaking African countries, Trade Counsellor in Algeria Hoang Duc Nhuan has said.

The revised Decree No. 52/ND-CP aims to create a robust and fair environment for e-commerce, ensuring rights of consumers.

Vietnam’s trade surplus hit a record high of 18.72 billion USD during the January - October period as imports slowed down amidst the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).

Vietnam’s export revenue racked up a 4 percent year-on-year increase during January – September to 202.4 billion USD in the context that the COVID-19 pandemic has weighed on the international trade, according to the Ministry of Industry and Trade (MoIT).

The Ministry of Industry and Trade (MoIT) late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC).

Vietnam’s trade surplus with the rest of the world stood at 6.5 billion USD in the first seven months of this year amidst a decline in global trade due to the COVID-19 pandemic.

Amid the spread and complicated development of the COVID-19 pandemic, e-commerce and digital economy are considered an important lifesaver for businesses to boost exports and expand trade with partners.

A shift to digital platforms is considered an effective means for businesses to expand export markets as Vietnam integrates more deeply into the global economy, Deputy Minister of Industry and Trade Cao Quoc Hung has said.

Vietnam’s exports in the first half of 2020 totalled 121.2 billion USD, down 1.1 percent from the same period last year, as the COVID-19 has taken a serious bit out of the country’s economy, according to the Ministry of Industry and Trade.

With the comprehensive strategic partnership and large purchasing power, Vietnam and India have large potential to increase two-way trade via boosting the export of their strong commodities to each other’s markets, trade officials of the two countries said.

The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.

The footwear and handbag industry aims to reach export revenue of 24 billion USD in 2020, after hitting 22 billion USD last year, the industry association said.

A new tool to manage and settle disputes in e-commerce will help protect consumers' rights as well as help businesses protect their trademarks.

The Vietnam – South African joint trade sub-committee convened the fourth session in Hanoi on October 16 to seek ways to bolster bilateral economic and trade partnerships.

As of August this year, 90.7 percent of the 8,902 communes nationwide had completed targets set for rural power supply as part of the National Target Programme on New-Style Rural Area Building, according to insiders.

Developing renewable energy is one of the priorities of Vietnam to gradually reduce the dependence on traditional forms of power generation in order to protect the environment and promote sustainable development of the country and others in the region, Deputy Minister of Industry and Trade Cao Quoc Hung said at an international workshop in Hanoi on March 12.

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, said Deputy Minister of Industry and Trade Cao Quoc Hung.