The Ministry of Industry and Trade (MoIT) has said that it will organise a wide range of trade promotion activities to support businesses in exporting their products to China.
According to the Vietnam Trade Office in the United Arab Emirates (UAE), industrial and agricultural production in the country is quite limited so it must import food and consumer goods to meet local needs. This presents an excellent opportunity for Vietnam to increase its exports to the market.
Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about 47 billion USD from export this year on the back of incentives brought about by free trade agreements that already took effect.
Vietnam’s exports to the European and American markets will continue to benefit from free trade agreements (FTAs) that Vietnam signed with partners in the regions, said Ta Hoang Linh, Director of the Europe-American Market Department under the Ministry of Industry and Trade.
The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.
Thailand has set up war rooms staffed by senior officials of the Ministry of Commerce and representatives from private organisations to spur exports, tackle obstacles to trade, and curb the negative impact of a global economic slowdown in 2023.
A business matching event was held in Ho Chi Minh City on November 15 to help Vietnamese enterprises seek partners and opportunities for export to Japan.
The Vietnam Trade Office in Beijing, its chapters and trade promotion offices in other Chinese localities have worked hard to support Vietnamese businesses to access and fully exploit the Chinese market in various forms, towards further promoting exports to the country, said Commercial Counselor at the Vietnamese Embassy in China Nong Duc Lai.
Vietnamese exporters should make the most of the advantages created by the EU-Vietnam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market, according to Nguyen Van Thao, Vietnamese Ambassador to Belgium and head of the Vietnamese delegation to the EU.
Experts have advised Vietnamese textile-garment and leather-footwear firms to improve the sustainability of their production for export to the European Union (EU) after the European Commission (EC) proposed the goods must comply with ecological design criteria.
Minister of Agriculture and Rural Development (MARD) Le Minh Hoan has suggested building an export market development strategy, where functions and tasks of management agencies are integrated.
Two years on from its enforcement, the European Union – Vietnam Free Trade Agreement (EVFTA) has seen outstanding results as many Vietnamese products such as garments, leather footwear, and farm produce have been increasing their market shares in the EU.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created a strong impulse for export and import, but there remain certain obstacles to the shipments of Vietnamese goods to the deal’s American member markets, heard a seminar held in Hanoi on July 28.
In the first six months of 2022, the main indexes of industry and trade grew, in which exports increased by 17.3 percent. The industrial production index increased by 8.7 percent, and total retail sales of goods and services revenue up 11.7 percent.
Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand.
Vietnamese trade counsellors and heads of trade offices in Europe met in Geneva on June 14 – 15 to discuss ways to beef up trade and investment promotion with countries in the region and other parts of the world.
The overseas Vietnamese business community is an important resource to help develop the distribution network, thereby increasing the export turnover of Vietnamese goods to the world, heard a workshop held in Ho Chi Minh City on June 1by the municipal Committee for Overseas Vietnamese Affairs to promote exports.
Mekong Delta localities are enlarging areas for the cultivation of premium-quality and fragrant rice varieties highly favoured by major markets in an effort to sustainably boost exports.
Turkey is currently the second largest buyer of Vietnamese goods in Western Asia, but enterprises still need to overcome many barriers and improve themselves increase shipments to this market, experts have said.
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