The leather-footwear industry of Vietnam has established its foothold in the global market, but challenges are still lying ahead, requiring it to work harder to grasp big chances created by new-generation free trade agreements (FTAs).
Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.
Prime Minister Nguyen Xuan Phuc has asked the textile and garment industry to strongly shift from processing to production, aiming to create more highly added value products.
VOV.VN - It is predicted that export activities will not see any major fluctuations occurring during the remaining months of the year, due to the impact of the global economic slowdown, according to the Ministry of Industry and Trade.
With preferential tariffs provided under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam has the opportunity to increase exports of garments, footwear, timber products, and beverages to other member countries.
New-generation Free Trade Agreements (FTAs) are expected to help Vietnam become more competitive if the country reduces trading costs and improves its business environment, experts said at a conference in Ho Chi Minh City.
Free trade agreements (FTAs) have created opportunities for food imports and foreign investment in the domestic food industry, according to experts.
Vietnam’s gross domestic product (GDP) is projected to increase by 7% a year in the 2021-2025 period, according to the National Center for Socio-Economic Information and Forecast.
VOV.VN - Vietnam’s exports have enjoyed significant expansion in terms of market scale and commodity structure, thereby making an outstanding contribution to the growth of the country’s export turnover, according figures released by the Ministry of Industry and Trade (MoIT).
VOV.VN - The Comprehensive and Progressive Agreement for Trans-Pacific Partnership has opened up opportunities for Vietnam’s fine arts and handicraft products to make inroads into the 11 markets that have signed up to the trade pact.
VOV.VN - Production value within the leather and footwear sector is expected to enjoy an annual increase of over 10 per cent with the year’s total turnover likely to reach approximately US$21.5 billion, according to the Ministry of Industry and Trade.
Minister of Public Security Gen. To Lam has expressed his delight at the fruitful development of relations between Vietnam and the European Union (EU) over the past years, especially in trade and investment.
The investment capital keeps flowing to Vietnam, bringing concerns about the country's capability to absorb such a high level of capital resources.
Experts believe Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future.
A number of food companies based in HCM City are planning to relocate their manufacturing facilities to neighbouring provinces for various reasons including cost.
CEVA Logistics, one of the world’s leading supply chain management companies, has officially opened its new facility in Ho Chi Minh City, doubling the size of its local operations in order to exploit the potential of the local logistics market.
With its series of recent free trade agreements, Vietnam is becoming very attractive to foreign businesses, especially in the textile and garment sector.
Experts have said Vietnam's pepper industry had better change its growth model and enhance quality to take advantage of free trade agreements (FTAs).
Vietnam’s economy has been better off over the last three years with exports growing rapidly.
The EU Vietnam free trade agreement (EVFTA) has been compared to a highway which allows businesses to go faster and boost their exports.
