Vietnam earned 7.83 billion USD from exporting forestry products in the first eight months of 2020, up 10.3 percent year-on-year and accounting for 29.9 percent of the agricultural sector's total export turnover.
COVID-19 has limited all exhibitions and international trade shows and made export activities that much harder. The idea of using virtual exhibitions on 2D and 3D platforms, however, has already proven to be a lifesaver for many businesses, especially those in the wood industry.
The European Union – Vietnam Free Trade Agreement (EVFTA) not only promotes trade and investment growth between Vietnam and the EU but also creates a driving force to boost cooperation in improving growth quality, towards sustainable development, experts said.
Amid the spread and complicated development of the COVID-19 pandemic, e-commerce and digital economy are considered an important lifesaver for businesses to boost exports and expand trade with partners.
With huge potential for comprehensive cooperation, Vietnam and the US are boosting two-way trade in a more balanced manner to ensure sustainable development, experts have said.
Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed 3.2 billion USD in exports in the first four months of 2019, up 6 percent year on year, thanks to businesses’ efforts to switch to online trading and find new markets.
The International Labour Organisation (ILO) and the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City branch on May 14 presented masks and hand sanitiser to companies in the wood and support industries.
Enterprises in certain sectors have mapped out plans to increase their presence in the domestic market as most foreign ones have become frozen due to the COVID-19 pandemic.
Export revenue in April from agro-forestry-fisheries products was estimated at 2.9 billion USD, down 16.9 percent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Vietnam has taken full advantage of the CPTPP to gain strong growth in exports to Canada and Mexico, according to the Ministry of Industry and Trade (MoIT).
The central province of Thua Thien - Hue aims to attract 8-10 domestic and foreign investment projects with total registered capital of 6-8 trillion VND (257.4 -343 million USD) to its economic zones (EZs) and industrial zones (IZs) in 2020.
The fallout of the coronavirus outbreak has been felt in many sectors, but not the timber industry as its export revenue in the first two months of 2020 reached 1.5 billion USD, up 10.1 percent year-on-year.
The Ministry of Finance has submitted to the Government solutions to remove difficulties for production and business activities and support the market amidst the complicated developments of the COVID-19 outbreak.
Vietnam has so far granted licences to 460 US producers of meat and meat products and 210 exporters of aquatic products, said Deputy Minister of Agriculture and Rural Development Le Quoc Doanh.
Just a scenic 15-minute boat ride across the Thu Bon River from the ancient town of Hoi An in the central province of Quang Nam, Kim Bong carpentry village is renowned for its wood carving and sculpture.
Prime Minister Nguyen Xuan Phuc attended a ceremony to launch tree planting campaign in Tran Yen district, the northern province of Yen Bai, on January 30, the sixth day of the lunar New Year.
The European Union-Vietnam Free Trade Agreement (EVFTA) will boost the demand for logistics services and significantly impact on Vietnam's logistics industry, said a trade official.
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