The increasing presence of foreign giants has put great pressure on domestic retailers.
2022 is said to continue to be impacted by the COVID-19 pandemic, although a range of policies adopted by the National Assembly (NA) and the Government has created impetus for local firms to gear up for a recovery and put their restructuring plans in place.
The COVID-19 pandemic might not end this year and business sectors could not fully recover, however, the situation will be more positive than 2021 thanks to the adaptation to ‘new normal’ conditions, said General Director Nguyen Thi Huong of the General Statistics Office (GSO).
The Vietnamese Embassy in Italy has organised a virtual New Year gathering with representatives from the Association of Vietnamese Entrepreneurs in Italy (ASSOEVI) to collect suggestions in a bid to strengthen the nations’ trade relations.
A book featuring the Vietnam-Thailand enhanced strategic partnership was released at a ceremony in Bangkok on January 14.
The three-digit growth rate of Vietnam’s tuna exports to Mexico and Israel is considered a catalyst for a strong increase of over 16 percent of the country’s total tuna export value in 2021.
With stable and high demand for specialty rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Vietnam, the Dau tu (Vietnam Investment Review) reported.
The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.
The Regional Comprehensive Economic Partnership coming in effect last week will enable Vietnam’s exports of more fruits and vegetables under official quotas to the deal’s member countries.
Vietnamese Deputy Foreign Minister To Anh Dung and his Belarusian counterpart Mikalai Barysevich co-chaired a political consultation between the two Foreign Ministries in Hanoi on January 12, during which both sides agreed on many measures to bolster bilateral cooperation in all fields.
Being flexible in accessing distribution systems, overcoming logistical difficulties and making good use of free trade agreements (FTA) are important factors for Vietnamese goods to better access the Eurasian market in the coming time, said insiders.
Vietnam ranked third in the world in terms of rubber export value, with 3.24 billion USD in 2021, up 36.2 percent from the previous year, the Ministry of Agriculture and Rural Development (MARD) said.
Although much of the economy was impacted by the fourth wave of COVID-19 in 2021, Viet Nam’s imports and exports reached a record of nearly US$670 billion, an increase of almost 23 per cent from 2020.
Vietnamese Deputy Minister of Foreign Affairs Dang Hoang An has said two-way trade between Vietnam and Belarus remains modest and has yet to match potential.
Vietnam has become the first Southeast Asian nation to earn over 1 billion USD from exporting goods to Hungary and the European country’s leading exporter from this region since 2000, according to the Ministry of Industry and Trade.
Three tonnes of frozen avocado from Vietnam’s Central Highlands arrived in Australia on January 11, marking a new stride in building brand and seeking markets for the fruit.
The Vietnam Coffee and Cocoa Association has targeted a coffee export turnover of 5-6 billion USD in 2030, doubling the export value at present.
Vietnam is emerging as one of the largest suppliers of footwear and leather accessories to the United States, opening more opportunities for domestic companies to exploit the world’s largest market for these goods.
The orientations for future cooperation were discussed at the 44th session of the Vietnam - Laos Inter-governmental Committee on Bilateral Cooperation which was co-chaired by Prime Minister Pham Minh Chinh and his Lao counterpart PM Phankham Viphavanh in Hanoi on Monday.
As vegetarians make up a large proportion of population in the countries that consume dragon fruit at weddings, it is a huge potential market for Vietnam’s dragon fruit, according to the Ministry of Agriculture and Rural Development.