The Ministry of Industry and Trade (MoIT) held a forum in Hanoi on October 29 to look at ways to improve the competitiveness of Vietnamese goods and take advantage of new generation trade agreements.
The Vietnam Institute for Economic and Policy Research (VEPR) estimated local GDP growth for this year at between 2.6 percent and 2.8 percent at a workshop in Hanoi, lower than the 3.8 percent it forecast in July.
Vietnam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).
Vietnam exported over 400,000 tonnes of construction steel in the third quarter of 2020, increasing by 4 percent and 37 percent compared to the first and second quarters, respectively, according to the Vietnam Steel Association (VSA).
The EU-Vietnam Free Trade Agreement (EVFTA), two months after taking effect, has brought back several opportunities for Vietnamese exporters, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference held in Ho Chi Minh City on October 17.
Hanoi has issued an implementation plan for a project to develop key industrial products in the 2021-2025 period, with an estimated cost of 200 billion VND (8.63 million USD).
Vietnam is continuing its institutional reform commitments made in the historic EU-Vietnam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
The Party and State define agriculture, farmers and rural areas as a significant part of the national industrialisation, modernisation as well as construction and defence, and an important motivation for socio-economic development, Prime Minister Nguyen Xuan Phuc has stated.
Enterprises operating in the Mekong Delta province of Long An received updates on the EU-Vietnam Free Trade Agreement (EVFTA) and international economic integration in general at a conference hosted by the provincial People’s Committee on October 9.
Tra (pangasius) fish prices have dropped to their lowest levels in 11 years since exports have been hit by Covid-19, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
In the 10 years since it began NESCAFÉ Plan, a public-private partnership programme between Nestlé, the Ministry of Agriculture and Rural Development, the Western Highlands Agriculture and Forestry Science Institute and other partners, has helped improve the quality of coffee beans and increase farmers’ incomes by 30 percent.
The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions, experts have said.
Hanoi is striving to expand handicraft export markets for an annual growth of 8 percent in export turnover under a programme on promoting the city’s industrial development for the 2021-25 period.
The Vietnam Trade Promotion Agency (Vietrade), in coordination with overseas Vietnamese trade offices and the US Agency for International Development (USAID), is hosting an online international trade promotion conference for Vietnamese food and agricultural products.
Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.
Footwear exports this year are unlikely to hit the target of 24 billion USD because of the fallout of the COVID-19 pandemic, according to the Ministry of Industry and Trade.
The EU-Vietnam Free Trade Agreement is expected to present enterprises with numerous opportunities to expand markets, with its preferential tariff measures. To seize the opportunities, however, many enterprises must overcome problems associated with a range of technical barriers.
Tra (pangasius) fish farming has been hit by a double whammy of COVID-19 and prolonged saltwater intrusion in rivers in the Mekong Delta region, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The PetroVietnam Ca Mau Fertiliser Co., Ltd. (PVCFC)’s total urea output reached the milestone 7 millionth tonne on September 13 after almost ten years of operations.
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