Experts said that Vietnam can take full advantage of Japanese auto manufacturers’ support and Vietnamese businesses could, as a result, become second-class car part suppliers to Toyota and other foreign-invested enterprises (FIEs).
Vietnam's wood industry is expected to gain a total export value of wood and wooden products of US$7.7 billion for this year, higher than US$7.1 billion in 2015.
Trade via border gates is expected to reach US$30 billion in 2016, Deputy Minister of Industry and Trade Nguyen Cam Tu said at a Hanoi conference on January 5.
(VOV) - The Philippines' National Food Authority (NFA) has announced plans to purchase up to 50,000 metric tons of rice from Vietnam and Thailand, according to NFA Director Renan B Dalisay.
(VOV) -Overall fish and seafood exports by Vietnamese producers fell a walloping 14.5% for 2015 compared to 2014 to US$6.7 billion, with shrimp sales plummeting 30% to US$3 billion, roughly the same global sales figure as Ecuador.
Vietnam has set goals for GDP to grow by 6.5-7% and inflation to be kept at around 5-7% in the next five years, the Ministry of Planning and Investment said.
Profitable shrimp farming produced a rapid transformation in the quality of life for people in the Cuu Long (Mekong) Delta region, but the unplanned expansion in production has also had negative effects on the environment and domestic shrimp trade.
The four ports co-owned by Vinalines with foreign partners are either making huge losses or ceased operations.
The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years.
As Vietnam joins the Trans-Pacific Partnership (TPP) and other trade pacts, experts call for more effective credit solutions to assist Vietnamese farmers.