Vietnamplus

Seafood exporters in Vietnam may find the second half of 2022 a challenging period compared to the first due to slowing global economic growth, despite a successful first half of the year, according to a conference held by the Vietnam Association of Seafood Exporters and Producers.

The southern province of Kien Giang posted a 7-percent increase year-on-year in export revenue for the first five months of this year.

The Vietnam Trade Promotion Agency (Vietrade) is holding an online business-to-business conference to seek ways for bolstering trade with Latvia.

A delegation of the ASEAN Committee in Mexico City (ACMC) paid a working visit to Guanajuato state, aiming to bolster trade and investment.

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

Taking advantage of free trade agreements and flexibly adapting to world unstable development, Vietnam’s spearhead economies such as fisheries, garment and textiles and wood production are accelerating exports to increase turnover.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) helps promote Vietnam-Australia cooperation in terms of trade and investment, the Cong Thuong (Industry and Trade) newspaper said, citing Vietnamese Ambassador to Australia Nguyen Tat Thanh.

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) will coordinate with Vietnam’s trade offices in member countries of the Association of Southeast Asian Nations (ASEAN) to organise a consulting session on rice exports.

Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.

Thailand’s fresh mango exports increased by 11 million USD in the first two months of 2022, a 15-percent jump from the same period last year.

Despite facing stiff competition, Vietnamese spices are increasing their presence in demanding markets around the world as businesses take advantage of free trade agreements and adopt advanced technologies.

Vietnam exported 1.14 million tonnes of rice worth 715 million USD in the first quarter of 2022, up 24 percent in volume and 10.5 percent in value year-on-year, according to the Ministry of Agriculture and Rural Development.

Tuna export has maintained a high growth rate in the first months of 2022 despite strong fluctuations in the world market over the past more than one year, partly thanks to free trade agreements that Vietnam has signed.

Exports and imports reported double-digit growth in the first quarter of 2022, signaling a good year for the foreign trade.

The Ministry of Industry and Trade (MoIT) and the British Embassy launched the Vietnam National Trade Repository (VNTR) at a ceremony held in Hanoi on March 30.

Greening the garment industry is essential for the sector to fully exploit opportunities arising from free trade agreements and participate deeply in the global value chain, according to the Vietnam Garment and Apparel Association (VITAS).

Domestic enterprises need to increase their initiative in seizing incentives in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to optimise the deal, experts said.

Prime Minister Pham Minh Chinh attended the ground-breaking ceremony of the Vietnam - Singapore Industrial Park (VSIP) No. 3 in southern Binh Duong province on March 19.

Deputy Prime Minister Le Van Thanh has signed a decision approving a master plan for the Mekong Delta region in the 2021-2030 period with a vision to 2050.

Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.