VOV.VN - Several of Vietnam's major export sectors such as garments and textiles, footwear, seafood, and fruit and vegetables have been significantly affected by the economic impact of the novel coronavirus (COVID-19) pandemic, with each of these industries recording a double-digit decline over the opening five months of the year.
Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Truong Thanh Hoai, Director of the Industry Department under the Ministry of Industry and Trade (MoIT).
It is forecast that Vietnam will have great opportunities to export more types of products to Sweden when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.
VOV.VN - Vietnam enjoyed a trade surplus of close to US$11 billion during the first 11 months of the year, with roughly US$1.45 billion being recorded during November, according to the latest statistics released by the General Department of Vietnam Customs.
Vietnam’s leather, footwear and handbags were lauded to be comparable to those made in China, Pakistan, India, Singapore, Indonesia and South Africa during an international fair held in Melbourne city, Victoria state of Australia from November 12 – 14.
Vietnam is expected to post a trade surplus of nearly 6 billion USD in the first nine months of this year.
VOV.VN - Vietnam’s exports to Italy have enjoyed robust growth during the first eight months of the year, a sharp increase of up to 29.1 per cent in comparison to the country’s export growth of 8.1 per cent, according to the General Department of Vietnam Customs.
VOV.VN - Some 300 goods are expected to enjoy preferential tariffs under a pending decree detailing tariff cuts under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Vietnamese garment makers expect the CPTPP to exert positive impacts on their exports in the second half of 2019, when documents guiding the implementation of the trade agreement are to be promulgated.
Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.
VOV.VN - Vietnam has become the world’s third largest exporter of footwear with a total export value in the first nine months of this year rising by 10.5% to US$11.7 billion, according to the Ministry of Industry and Trade (MoIT).
Vietnam pocketed US$32.1 million from exporting ceramic products to Argentina in August, up 2.4% against that of July, according to statistics of the Vietnam Customs.
Five commodities had export values exceeded US$1 billion in August, according to the Ministry of Industry and Trade.
President Tran Dai Quang met with Ethiopian Prime Minister Abiy Ahmed in Addis Ababa on August 23 as part of his ongoing State visit to the African country.
VOV.VN - Process manufacturing products played an important role in boosting the country’s exports over the first seven months of the year. Following are the top ten export products to July 2018.
Italian enterprises are seeking business opportunities in Vietnam, especially in leather, footwear and interior décor, sectors which are expected to benefit once the European Union – Vietnam Free Trade Agreement (EVFTA) is signed.
Vietnam’s exports to Germany hit US$2.85 billion in the first five months of this year, up 8.6% compared to the same period last year.
VOV.VN - The leather and footwear sector has not developed its support industry despite huge export value.
VOV.VN - The US is the largest export market for the southern province of Dong Nai, accounting for nearly 30% of the province’s total export value, according to the provincial Department of Industry and Trade.
Major brands in the footwear industry are shifting their outsourced work to Vietnam instead of China, but experts doubt this will be a good thing in the long run.