Vietnamplus

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

The Americas remained some of Vietnam’s largest trade partners despite the adverse effect on commerce caused by the COVID-19 pandemic, heard participants at a conference organised by the Ministry of Industry and Trade (MoIT), aimed at connecting Vietnamese firms with trade partners in American countries in Hanoi on September 25.

Along with its challenges, Vietnamese companies see climate change as an opportunity to speed up restructuring, reorganise production, and create new products and technologies, according to a report from the Vietnam Chamber of Commerce and Industry (VCCI) and the Asian Foundation released on September 16.

Vietnamese businesses in Russia have still stood firm and left a good impression amid the COVID-19 crisis, affirmed an article recently posted on Russian news agency Sputnik.

Vietnamese firms regardless of their scale need to get up to speed on digital transformation to enable them to further penetrate global markets, a webinar heard on August 26.

The Government’s policy of a five-month extension for tax payment deadlines did not attract a large number of firms.

Vietnamese firms have been increasing their overseas investments in recent years in an effort to expand their global reach.

Vietnamese businesses in Lao sat down together to discuss their operation during the COVID-19 pandemic at a talk in the capital Vientiane on July 12.

About 15 Vietnamese firms are joining the Virtual Healthcare and Hygiene Expo 2020, which is being held from June 22 to 26 by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Inventory has become a common concern of domestic enterprises due to the impact of the COVID-19 pandemic.

The Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology is implementing programmes to help domestic firms find strategic partners in technology, finance and trade.

Vietnamese enterprises injected over 180 million USD into 18 foreign markets in the first five months of this year, equivalent to 98.7 percent of the same period last year.

The Hoa Lam Group of Vietnam and the Germany-based GEDU International company presented the Invest Region Leipzig with 100,000 medical face masks, 10,000 pairs of gloves, and SARS-CoV-2 test kits at Leipzig airport in Saxony state on May 29.

An online conference on trade promotion via the Vietnamese community in India and Nepal was held on May 20.

Online trade connections between Vietnamese firms and import partners were being increased together with trade promotion activities to accelerate post-pandemic export, Deputy Minister of Industry and Trade Do Thang Hai said.

A Vietnamese telecoms provider said on April 4 that the Asia-America Gateway (AAG) undersea cable linking Southeast Asia with the US has suffered a breakdown.

Around 500 tonnes of Vietnamese products, including coffee, instant noodle, sweet potato, cabbage, pineapple, watermelon, and dragon fruit, were exported to Singapore in March, according to the Vietnamese Commercial Affair Office in Singapore.

Vietnam invested 49.3 million USD abroad in the first three months of 2020, with the US being the biggest recipient.

China remains the largest buyer of Vietnam’s agricultural products, so Vietnamese businesses are making preparations to boost exports to this market when it recovers after the COVID-19 pandemic.

Many Vietnamese firms have felt the impact of the COVID-19 pandemic as the domestic processing and manufacturing sector has greatly relied on materials imported from foreign countries like China and the Republic of Korea (RoK).