With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.
Vietnam’s export turnover in the last 10 months yearly increased 7.4 percent year-on-year to over 217 billion USD, according to the Ministry of Industry and Trade (MoIT).
The application of advanced technology in preservation and processing is the most important factor in Vietnam’s rice value chain, said Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences under the Ministry of Agriculture and Rural Development (MARD).
Businesses and State agencies met in Hanoi on September 16 to discuss measures in response to India’s recent restriction of incense stick imports, which is considered a serious trade barrier.
A conference was held in Hanoi on September 13 to seek ways to boost sustainable exports of agricultural and aquatic products to China.
VOV.VN - Businesses have been advised to draw up concrete trade promotion strategies in order to take full advantage of the opportunities on offer from the EU-Vietnam Free Trade Agreement (EVFTA).
VOV.VN - Vietnam has been a member of many new-generation Free Trade Agreements and the FTA membership requires the country to revise its Labor Code and reform the Trade Union.
Twenty-five outstanding entries to the annual press photo contest titled “Khoang Khac Vang” (Golden Moment) were honoured at an awards ceremony in Hanoi on January 14.
Vietnam’s export turnover is expected to set a new record in 2018, estimated at US$244 billion, up US$30 billion compared to 2017.
The free trade agreement between Vietnam and the EU (EVFTA) is expected to bring US$3.2 billion worth of benefits to Vietnam in 2020, while helping the Southeast Asian nation expand export markets and engage deeper into the global value chain, said experts.
The Vietnam Nutrition Food JSC (NutiFood) and Swedish Backahill Company have joined hands to boost export of Vietnamese dairy and organic nutrition products to European and Asian markets under a Memorandum of Understanding (MoU) inked between the two sides on September 11.
Foreign-invested enterprises have become an important driving force for Vietnam’s economic development and international integration after 30 years since the country began attracting foreign direct investment (FDI).
Developing product chains is an important solution to sustainable export growth, heard a conference in Hanoi on August 8.
Amid rising trade barriers, experts have said Vietnamese firms should improve their awareness of trade remedies and appeals processes.
As many as 20 products recorded more than US$1 billion in export turnover in the first half of 2018, accounting for 85.6% of Vietnam’s total exports, according to the General Statistics Office (GSO).
Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP) which is the tariff preference for developing countries.
Logistics businesses are accelerating investment in technology to meet the rising demand for delivery of goods at home and abroad amid booming e-commerce, heard a workshop in Hanoi on April 10.
Although logistics and e-commerce in Vietnam is booming, the two sectors have been hamstrung by a lack of linkages between them, said Tran Thanh Hai, Deputy Director of the Import-Export Department under the Ministry of Industry and Trade.
After focusing on exporting large volumes of unprocessed goods for a long time, more and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets.
VOV.VN - Nutrition Food Joint Stock Company signed a contract with Delori Foods International on January 18 in HCM City to secure export of its milk products to the US market.