Ngo Xuan Nam, Vietnam SPS Office Deputy Director, stated that the upgraded SPS chapter promises smoother, more transparent exports of agricultural products within the bloc and helps minimise unnecessary risks.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which officially came into effect for Vietnam on January 14, 2019, is considered one of the most effective deals for Vietnamese exports to this market.
Strategies to help small and medium-sized enterprises (SMEs) strengthen import-export activities was the focal point of discussions at a workshop held in the northern province of Hung Yen on November 15,
Although South Asia is an enormous market with substantial consumer demand well-suited for Vietnam's key export staples, trade potential with the region remains fully untapped, experts revealed at a workshop in Ho Chi Minh City on November 13.
Trade turnover between Vietnam and the Philippines may reach from 8.1-8.3 billion USD this year, up from 3.9-6.4% year-on-year, according to the Vietnam Trade Office in the Philippines.
Vietnamese exports have ample room to grow in the second half of this year since their large markets such as the US and the UK are expected to cut interest rates which will a boost to economic expansion and consumption, according to experts.
The US's recognition of the market economy in Vietnam will help expand business opportunities for Vietnamese enterprises and pave the way for Vietnamese exports to this market, according to experts.
Manufacturing enterprises, including small and micro-sized businesses, can leverage e-commerce channels to directly sell goods to international consumers, increasing revenues and market presence, experts have suggested at a recent seminar on boosting Vietnam’s exports through cross-border e-commerce systems.
Given its large population, diverse demand for goods and services, not too strict import standards, and production complementarities, the Philippines is a high potential market for Vietnamese exports, said the Trade Office of Vietnam in the archipelago nation.
Over 17 years of being a member of the World Trade Organisation (WTO), Vietnam has seen hallmark economic growth thanks to economic integration into the world, providing strong momentum for further development.
Chile is a potential export market for Vietnamese consumer goods, as the nation’s living standard has experienced significant growth in recent years, Ambassador to the country Pham Truong Giang has said.
Andrea Coppola, World Bank Lead Economist for Vietnam, has described Vietnam in 2023 as resilient, saying that amid the global economic slowdown, the Southeast Asian nation was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about.
Vietnam has uniquely positioned itself to be among the fastest-growing economies in the coming decade, according to an article published recently on Australia-based website eastasiaforum.org.
The Vietnamese business community in Europe has an important role to play in promoting trade ties between Vietnam and Europe, heard the 12th European Overseas Vietnamese Business Conference in Budapest, Hungary from September 29 to October 2.
An international workshop discussing opportunities to connect and expand markets for Vietnamese exports via cross-border e-commerce partnership with Amazon was jointly held by the Ministry of Industry and Trade (MoIT) and the People’s Committee of Ho Chi Minh City on September 14.
The European Union – Vietnam Free Trade Agreement (EVFTA) which took effect in August 2020, has created significant positive impacts on Vietnam's exports to France, according to Vu Anh Son, head of the Trade Office of Vietnam in France.
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6% of the continent's total import of 600 billion USD per year, according to the Ministry of Industry and Trade, given opportunities brought about by the African Continental Free Trade Area (AfCFTA) agreement.
The conclusion of negotiations towards the signing of the Vietnam - Israel Free Trade Agreement (VIFTA) has opened up new and potential opportunities for Vietnam's exports, and now is time for businesses to understand Israeli people’s needs and tastes to promptly enter this new market, according to insiders.
With certain headwinds predicted for the global economy in 2023, Vietnam too, faces considerable challenges. But opportunities are also significant if concerted and appropriate solutions are taken, an expert has said.
