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.
Sustainable supplies of goods and production were key areas for Vietnamese businesses to focus on in order to join the global supply chain, Director General of the Foreign Trade Association (Amfori) Christian Ewert said at a conference held in Ho Chi Minh City on October 21.
Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.
There remains much potential for comprehensive cooperation between Vietnam and the US, and both are working hard to promote balanced bilateral trade, heard a forum held in Ho Chi Minh City on September 6.
The defence and security committees of the parliaments of Cambodia, Laos and Vietnam (CLV) have agreed to enhance cooperation to build the shared borders of peace and friendship.
Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them.
Vietnamese firms in the mechanical engineering outsourcing sector have low competitiveness when joining global supply chains largely due to their small scale, technological shortages, and low productivity.
Prime Minister Nguyen Xuan Phuc has ordered ministries and sectors to devise active and practical plans to promote domestic production, create more jobs, and ensure harmonious trade relations with key partners of the country in the principle of equality and mutual benefits.
With the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP) officially coming into force, Vietnamese exporters should make the most use of the opportunities it brings in Japan, one of Vietnam’s leading trade partners.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Vietnam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes.
The EU-Vietnam Investment Protection Agreement (EVIPA) not only marks a new step of development in the Vietnam-EU partnership and comprehensive cooperation but also will help improve the quality of foreign investment flows into Vietnam, according to Minister of Planning and Investment Nguyen Chi Dung.
Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country, said Vice Chairman of the National Assembly Phung Quoc Hien.
Ho Chi Minh City's preferential policies for the supporting industries in recent years has helped companies expand and secure contracts as suppliers with foreign-invested companies.
Vietnam is among the top countries attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small- and medium-sized enterprises (SMEs) participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of Ho Chi Minh City (ITPC).
Singapore’s annual economic growth slipped to the lowest rate in nearly a decade during this year’s first quarter as manufacturing slowed down in the wake of the prolonged US-China trade war, prompting a downgrade to the city-state’s full-year growth forecast.
Deputy Prime Minister Trinh Dinh Dung appreciated the contributions made by Vietnamese and US businesses to their countries’ relations over the last 25 years, while attending a business summit in Hanoi on May 10.
Vietnamese agro-forestry-fishery products are now available in 180 countries and territories thanks to Vietnam’s increasing global economic integration and implementation of free trade agreements.
Ho Chi Minh City-based Que Lam Group has inaugurated its bio-organic fertiliser plant, built at a cost of 500 billion VND (21.54 million USD), in the northern province of Vinh Phuc.
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