Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on 205.6 million USD, up 26.4% year-on-year.
Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam must start monitoring and issuing carbon certificates to exporters and retailers in response to the EU's recently passed carbon levy, said industry insiders and policymakers.
The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.
The consumption habits of Vietnamese people are changing after the COVID-19 pandemic, with many using second-hand products to save money and promote sustainability.
From being net sellers in the first nine months of 2022, foreign investors have become the driving force supporting the Vietnamese stock market in the last few months, and the inflows are expected to continue this year.
Ho Chi Minh City Food & Beverage Association (FBA) has been set up with the aim of exploring and developing Vietnamese cuisine and showcasing it throughout Vietnam and the world.
The Hoan Kiem District People’s Committee opened a traditional flower market and is hosting an array of activities along the Phung Hung Street mural space to welcome the upcoming Tet (Lunar New Year) holiday.
In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).
A surge of 87% was seen in tra fish exports to ASEAN markets in the first 11 months of this year to 183 million USD, accounting for about 8% of total export revenue of the product in the period.
The global energy and food crisis, central banks’ interest rates hike to cope with inflation and the establishment of the COP27 “loss and damage” fund, were among the top 10 world economic events in 2022, as selected by the Vietnam News Agency (VNA).
In the recent three years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect, trade revenue between Vietnam and other member countries has seen two-digit growth every year, said Director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) Luong Hoang Thai.
A total of 91 spring flower markets are set to be launched throughout Hanoi for the purposes of shopping, sightseeing, and entertainment for visitors to enjoy in the build-up to the Lunar New Year, known locally as Tet.
The local steel market continued to be gloomy, with reductions seen in both production and consumption in the past 11 months, a report published by the Vietnam Steel Association (VSA) this week revealed.
After 2 years of implementing the EU-Vietnam Free Trade Agreement EVFTA (August 2020 - July 2022), total export turnover reached nearly 83.6 billion USD, 24% higher than the average export turnover during the 2016-2019 period.
After more than five years of negotiations, the US has officially licensed the import of fresh pomelo from Vietnam, with green-skin pomelo from Ben Tre province selected for the first shipment. The move comes as a result of the province’s efforts to boost production and exports of agricultural products and opens up prospects for its products to conquer other selective markets.
Six new private sector partnerships announced under the Australian Department of Foreign Affairs and Trade’s (DFAT’s) Business Partnerships Platform (BPP) will promote the growth of sustainable carbon markets that deliver significant social and environmental benefits to communities in Vietnam.
The consumer price index (CPI) posted year-on-year growth of 3.02% in the first eleven months of this year while core inflation rose 2.38%, the General Statistics Office (GSO) revealed on November 29.
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