Vietnamplus

Vice President Vo Thi Anh Xuan hosted a reception in Hanoi on January 21 for First Officer of the Hungarian National Assembly Márta Mátrai.

While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.

Trade between Vietnam and Hungary has grown continually over the past years, and it is believed that there remains much room for the Southeast Asian country to fuel exports to this European nation.

Despite pandemic-caused difficulties, Vietnam still posted a trade surplus of 4 billion USD, an impressive achievement partly attributed to free trade agreements (FTAs), especially the new-generation ones.

The Vietnamese Embassy in Italy has organised a virtual New Year gathering with representatives from the Association of Vietnamese Entrepreneurs in Italy (ASSOEVI) to collect suggestions in a bid to strengthen the nations’ trade relations.

The COVID-19 pandemic might not end this year and business sectors could not fully recover, however, the situation will be more positive than 2021 thanks to the adaptation to ‘new normal’ conditions, said General Director Nguyen Thi Huong of the General Statistics Office (GSO).

With stable and high demand for specialty rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Vietnam, the Dau tu (Vietnam Investment Review) reported.

The Vietnamese Ministry of Industry and Trade’s implementation of free trade agreements (FTAs) has produced positive results in the past two years, an official has said.

Trade between Vietnam and the EU rose 14.8 percent in 2021 to 63.6 billion USD despite impacts of COVID-19.

Three more members have been added to a Domestic Advisory Group (DAG) established under the EU-Vietnam Free Trade Agreement (EVFTA), pushing the total number of its official members to six.

Foreign investors maintain an optimistic outlook for Vietnam’s economic growth next year though the country suffered a challenging 2021 as it was hit hard by the pandemic, according to an article posted on the website Vietnam Briefing of Dezan Shira & Associates.

Vietnam's goods exports to the European Union (EU) market are expected to get brighter than in 2021 as Vietnamese businesses are better taking advantage of incentives of the EU-Vietnam Free Trade Agreement (EVFTA), according to trade experts.

Enterprises at a seminar in Hanoi on December 14 were informed about business opportunities in Germany offered by the EU-Vietnam Free Trade Agreement (EVFTA).

A conference on the promotion of the Vietnam-Germany trade through optimising the EU-Vietnam Free Trade Agreement (EVFTA) will be virtually held by the Vietnam Chamber of Commerce and Industry and the Friedrich Naumann Foundation for Freedom (FNF) on December 14.

Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector, thanks to its advantage of geographical location and skilled labour force, according to CEO of BW Industrial Development JSC Lance Li.

Vietnam is forecast to see positive prospects for its cashew exports to Germany in 2022 thanks to higher demand in the market and advantages brought about by the EU-Vietnam Free Trade Agreement (EVFTA), the Ministry of Industry and Trade's Export and Import Department has said.

More than 20 tonnes of canned lychee from Vietnam has hit the shelves of supermarkets in France for the first time, according to the trade office of Vietnam in the European country.

In the context of complicated development of the Covid19 on a global scale, bilateral trade between Vietnam and the EU recorded significant increase after the EVFTA was enforced. Vietnam’s export to the EU reached 39.75 billion USD, increased by 6.2%, thanks to the recovery of the EU economy in the second quarter of 2021 and the tariff cut under EVFTA.

The economic recovery and development programme needs to have a time frame of at least until 2023 in order to create momentum in the short term and ensure macroeconomic stability, laying the foundation for the next 3-5 years.

The Ministry of Agriculture and Rural Development (MARD) expects to exceed its annual export target for agricultural, forest and fishery products, thanks to the restoration of production and business after the COVID-19 outbreak.