With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of 1 billion USD worth of yearly seafood export revenue is reachable.
Vietnam earned more than 3.7 billion USD from exports to Thailand as of August 2018, up 21 percent year on year, higher than the country’s average of 16.7 percent, according to the General Statistics Office.
With its continuous growth over the past 10 years, ASEAN has become an important market for Vietnamese seafood, and the prospect of 1 billion USD worth of yearly seafood export revenue is reachable.
The southern province of Long An is taking action to increase the efficiency of FDI attraction as this form of investment plays an important role in the locality’s socio-economic development, said Chairman of the provincial People’s Committee Tran Van Can.
Vietnam needs to create a fairer and more transparent tax environment, said Ambassador of the Republic of Korea (RoK) to Vietnam Kim Do-hyun on September 17.
The Vietnamese fishery sector needs a sustainable development strategy to stand firm in the world market for the long-run, experts have said.
A delegation of Vietnamese businesses had a working visit to Argentina from September 8-11 to seek cooperation and investment opportunities in the South American country.
The fishery sector needs to take actions to convince the European Commission (EC) to remove a “yellow card” warning on Vietnamese seafood so as to realise the set target of 9 billion USD in export turnover this year.
The application of a customs bond model would benefit the country, contributing to an increase of one per cent of the total import-export turnover according to comments by Minister and Chairman of the Government Office Mai Tien Dung.
Vietnamese garment and textile enterprises are losing their competiveness due to high costs of logistics services for exports, experts have said.
Ahead of the World Economic Forum (WEF) on ASEAN to be opened in Hanoi on September 11, Deputy Minister of Agriculture Le Quoc Doanh has noted the outcomes of agricultural ties between Vietnam and the WEF and future cooperation prospects.
The application of high technologies in cultivation, animal husbandry and fisheries has helped increase economic value by 10-30 percent.
Five commodities had export values exceeded 1 billion USD in August, according to the Ministry of Industry and Trade.
The Mekong Delta province of An Giang has enjoyed good growth in the overseas shipments of its key export items – tra fish and rice – in the first eight months of 2018, according to the provincial Department of Industry and Trade.
Ho Chi Minh City’s exports in the first eight months of 2018 hit 24.6 billion USD, an increase of 6 percent from the same period last year, reported the municipal Department of Industry and Trade on September 4.
Foreign-invested enterprises have become an important driving force for Vietnam’s economic development and international integration after 30 years since the country began attracting foreign direct investment (FDI).
Vietnam’s export turnover from glass and glass products reached 592.8 million USD in the first seven months of 2018, representing a year-on-year increase of 6.1 percent, according to the General Department of Customs.
More than 1.38 billion USD in foreign direct investment (FDI) was poured into the northern port city of Hai Phong during January-August, a year-on-year increase of 99.34 percent.
