Despite COVID-19 cutting into demand for textiles and garments, enterprises have poured investment into materials to improve production capacity, completing the supply chain and taking advantage of new generation free trade agreements (FTAs) that have come into effect.
The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect on May 1, is believed to herald a new era for Vietnamese goods to gain a foothold in a market with strong purchasing power.
Global demand for goods is recovering and this is an opportunity for Vietnam to boost its exports of consumer and industrial products, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade (MoIT) will finalise and issue a number of legal documents needed for the implementation of the UK-Vietnam Free Trade Agreement (UKVFTA) in 2021.
The Prime Minister has approved a plan for the implementation of the UK-Vietnam Free Trade Agreement (UKVFTA).
Vietnam is expected to make breakthroughs in exporting aquatic products in the coming time thanks to its good performance of biological safety, and benefits brought by free trade agreements (FTAs), according to the Ministry of Agriculture and Rural Development.
Free trade agreements are opening the doors for Vietnamese fruit and vegetable firms to increase export revenue this year, according to the Vietnam Fruit & Vegetables Association (VinaFruit).
VOV.VN - Vietnamese enterprises need to be proactive in terms of gaining knowledge of incentives, whilst simultaneously managing themselves in order to deal with gaps and weaknesses occurring in the implementation of free trade agreements (FTAs), according to economic experts.
VOV.VN - Vietnam raked in approximately US$17.15 billion from agro-forestry-fishery exports over the past four months, representing a year on year increase of 24.2%, according to the latest updates provided by the Ministry of Agriculture and Rural Development (MARD).
VOV.VN - To penetrate deep into the United Kingdom, Vietnamese businesses have been advised to carefully explore its indigenous culture as well as payment methods and distribution channels.