Cambodia’s export of travel goods surged in the January-September period of this year to 385 million USD, mostly thanks to tax privileges they received from the US under its Generalised System of Preferences (GSP).
Ho Chi Minh City attracted 6.17 billion USD in foreign direct investment (FDI) during January-October, a year-on-year increase of 3.4 percent, the municipal Department of Planning and Investment has said.
Ensuring food security is an urgent issue at present with food supply sources and access to safe food supplies being seriously affected, especially by climate change, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said at a forum in Hanoi on November 5.
Cross-border e-commerce whets the appetite of millions of Chinese consumers for Thailand’s fresh fruits, including “Monthong” durian, which is not easy to find in the Chinese market when cross-border e-commerce didn’t rise between China and Thailand, according to an article run by Xinhua news agency.
The Ministry of Industry and Trade (MoIT) has said that improving product quality and brand development are key for coffee export growth as coffee exports dropped in both volume and turnover in the first nine months of this year.
With tough competition, basic production is not enough to meet the demands of export markets, so commercialization of farm produce in the Mekong delta is the only way to crack tough markets.
Asia and Europe are important markets for Vietnamese fruits and vegetable exports and imports, and flowers could be next, experts said at a seminar on “Fruit, vegetable and flower exports - New movements in Asian and European markets” in Hanoi on October 24.
Ho Chi Minh City’s exports are still growing, but slowing down, and so it needs to take measures to boost them if it wants to retain its position as the country’s economic hub, a conference heard on October 17.
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 is aiming to raise its nation brand value by 20 percent annually on average according to the evaluation by the world’s prestigious rating agencies.
Japan remained the largest market for Vietnamese guest workers in the first nine months of 2019, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA).
Vietnam’s coffee exports in the first nine months of this year fell by 13.3 percent in volume to 1.25 million tonnes and 21.9 percent in value to 2.15 billion USD compared with the same period of last year.
Some members of the national financial and monetary policy advisory council have pointed out certain problems in the economy, warning that failure to address them would not only make faster growth unachievable but also decelerate economic expansion.
A number of food companies based in Ho Chi Minh City are planning to relocate their manufacturing facilities to neighbouring provinces for various reasons including cost.
The application of advanced technology in preservation and processing is the most important factor in Vietnam’s rice value chain, said Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences under the Ministry of Agriculture and Rural Development (MARD).
Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.
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