Vietnamplus

Vietnam’s textile industry faces many difficulties with both export and production on the decrease due to effects of an intensified China-US trade war, said industry experts.

Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future, experts say.

The annual Hanoi Gift Show 2019, the eighth of its kind, is expected to welcome 1,000 handicraft importers and over 10,000 visitors, Deputy Director of the municipal Department of Industry and Trade Nguyen Thanh Hai told a press conference on October 11.

Opportunities created by free trade agreements (FTAs) for Vietnamese farm produce to access big markets in the world were explored at the 4th national farmers’ forum in Hanoi on October 11.

Vietnam shipped abroad 586,000 tonnes of rice in September for 251 million USD, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and 2.24 billion USD, respectively.

Vietnam recorded a trade surplus of 930 million USD with Japan in the first eight months of 2019.

Vietnam’s Minister of Industry and Trade Tran Tuan Anh joined policymakers, researchers and representatives of energy companies from 26 countries at the LNG Producer-Consumer Conference 2019 in Tokyo on September 26.

The Asian Development Bank (ADB) has predicted that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively, after growing robustly at 7.1 percent last year.

Vietnam’s pepper sector is facing a range of difficulties due to the oversupply and the fierce competition in the global market, resulting in low prices, according to the Ministry of Agriculture and Rural Development (MARD).

Permanent Deputy Prime Minister Truong Hoa Binh met with Singaporean leaders on September 23, highlighting the importance of the countries’ strategic partnership to each side’s interests, as well as to the solidarity and development of the ASEAN Community.

Senior officials of the parliament and government of Portugal have expressed the country’s strong commitment to substantively enhancing relations with Vietnam while meeting with a delegation of the Communist Party of Vietnam (CPV) in Lisbon.

A forum to create connection and promote cooperation between Vietnamese and Japanese enterprises operating in agriculture was held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on September 19.

Vietnamese Deputy Foreign Minister Bui Thanh Son and his Mexican counterpart Julian Ventura Valero have compared notes on measures to strengthen relations between the two countries and foreign ministries.

The northern province of Vinh Phuc enjoyed robust economic growth in the first eight months of 2019.

Vietnam has climbed in the ranking of best countries in which to invest this year, surpassing other Southeast Asian nations, such as Malaysia, Singapore and Indonesia.

Vietnam recorded a trade surplus of over 1 billion USD with the 10 other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the seven months since the deal took effect in the country in January, according to the General Department of Vietnam Customs.

The 7th Regional Comprehensive Economic Partnership (RCEP) ministerial meeting took place in Bangkok, Thailand on September 8.

Many companies are moving their factories from other countries to Vietnam, showing the potential for strong development of industrial real estate, according to Savills Vietnam.

As Vietnam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) remains unfamiliar to and hasn’t received due attention from businesses as well as ministries, sectors and localities of Vietnam, heard a forum held in Hanoi on August 30.