New opportunities are opening up from the Vietnam-US Comprehensive Strategic Partnership, which is expected to create a growth miracle in the relationship between the two countries in the coming time.
The Ministry of Industry and Trade and the People’s Committee of the southern province of Binh Duong on December 13 organised a conference to promote trade and expand import-export markets for the Southeastern region.
Vietnam’s rice output and export turnover are both expected to reach all-time highs this year, heard an international conference on the global rice market held in Hau Giang on December 13.
Minister of Industry and Trade Nguyễn Hồng Diên on Tuesday held a working session in Hà Nội with Cambodian Minister of Commerce Cham Nimul and Minister of Industry, Science, Technology and Innovation Hem Vandy, on the occasion of an official visit to Việt Nam by Cambodian Prime Minister Hun Manet.
After a recession period due to the Covid-19 pandemic, from the beginning of 2023, the export of Vietnam’s agricultural product to China has gained strong growth and it is expected to strongly rise in the coming time.
Vietnam has become a promising destination for international retailers as the size of the market has surpassed US$180 billion.
After a period of stagnation caused by the COVID-19 pandemic, many farm produce of Vietnam have recorded speedy growth in export to China so far this year and the shipments are predicted to keep increasing in the time ahead.
Vietnam is on track to achieve a new export record in 2023, with fruit and vegetable exports estimated to top 5.6 billion USD.
Adopting high sustainability standards puts pressure on the agricultural sector but also creates opportunities to gain a competitive edge, experts have said.
Many multinational corporations are implementing strategies to shift supply and production chains closer to the consumer market.
Cooperation in economics, trade and investment is increasingly emerging as the driving force and a new pillar in promoting the relationship of "Good neighborliness, traditional friendship, comprehensive cooperation, long-term sustainability." between Vietnam and Cambodia.
Vietnam has signed free trade agreements (FTA) with more than 60 markets, including major economic partners such as China, the European Union (EU), the Republic of Korea, Japan, the UK and Russia.
Vietnam’s fine art ceramic exports in November reached the highest level over the past year with US$18.0 million, representing an increase of 30.9% from the previous month, according to figures given by the General Department of Vietnam Customs.
Nestlé Vietnam has organised a press tour for international media to visit sustainable coffee farms in Việt Nam under the NESCAFÉ Plan model and its coffee processing factories with the aim of promoting the image of Vietnamese coffee globally.
Việt Nam needs to establish a value chain for spiny lobster with a focus on meeting China’s requirements regarding the origin of seeds and farming process to export into this market.
Vietnam’s exports rose last month with positive growth in shipments of computers and machines, but trade prospects for the remainder of this year remain uncertain amid weak demands, lender HSBC says.
Việt Nam’s businesses need to more effectively exploit bilateral and multilatral free trade agreements to promote trade between the two countries, according to experts at a workshop held in Hà Nội on Thursday.
The first batch of 16 tons of “Dien” pomelos from Luong Son district, the northern province of Hoa Binh, was exported to the U.S. on December 5.
Experts at a conference in Ho Chi Minh City on December 6 stressed the need for both producers and exporters to change the mindset and approach to boost exports to China, a potential market for Vietnamese farm produce.
Vietnam’s trade in the first 11 months fell 8% to US$620 billion, its lowest point in three years, as factories scale down operations due to the ongoing shortage of orders.