There is ample room for growth for Vietnamese coffee exports as Spain’s coffee segment is expected to grow by 6.84% in 2022-2025 period, according to the Vietnamese Trade Office in Spain (VTOS).
Vietnam has set a goal of achieving an average export growth rate of 6-7 percent in the 2021-30 period, following the Government's strategy on import and export released recently.
The Republic of Korea’s trade ministry has launched talks with ASEAN to upgrade their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia.
The European Chamber of Commerce (EuroCham) has applauded National Assembly resolutions ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), its Chairman Nicolas Audier said.
Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect, experts have said.
The Embassy of Vietnam in India and the PHD Chamber of Commerce and Industry (PHDCCI) of India recently held a workshop which focused on measures to bolster Vietnam – India trade.
The final round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between ten ASEAN member states and their six partners: Australia, China, India, Japan, New Zealand and the Republic of Korea – will focus on resolving issues and reaching mutual ground on market openness, trade freedom for goods and services as well as investment.
Many of Vietnam’s agricultural products, especially rice, vegetables and cassava, have faced barriers preventing their export to China, according to the Ministry of Agriculture and Rural Development (MARD).
Huge opportunities remain in trade between Vietnam and Eastern Europe, said Deputy Minister of Industry and Trade Hoang Quoc Vuong during a forum held in Ho Chi Minh City on May 8.
The Ministry of Commerce of Thailand has met with business operators recently to discuss approaches to boosting Thai exports, hoping to achieve an 8 percent annual growth target.
It is critical to enhance the awareness of businesses about non-tariff measures and build the capacity to tackle invisible trade barriers, experts have said.
Indonesian President Joko Widodo's official visit to Vietnam from September 11-12 has attracted public attention and been highlighted by Indonesian media.
The Thai National Shippers’ Council has forecast export growth this year at between 8 and 9 percent, after June exports grew in almost every market and there was a smaller-than-expected impact from recent trade barriers.
Although the US is deemed a promising market for exporters, it also sets very strict import regulations. For this reason, Vietnamese enterprises are urged to improve their capacity and shake hands with others to develop supply chains to make inroads into this market.
China is projected to become Vietnam’s leading seafood importer from this year’s second quarter with growth of 37 percent, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam.
The seafood companies should work closer with various ministries such as trade and industry and foreign affairs to overcome trade barriers that hinder Vietnamese seafood exports, a top agriculture official said.
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