PSNews - Thanks to the EU - Vietnam Free Trade Agreement (EVFTA), Vietnam exported 22,500 tonnes of rice to the EU for nearly 18 million USD in the first quarter of 2022, roughly a four-fold increase in both volume and value compared to the same period last year.
Canada has risen to become the second largest importer of Vietnamese tra fish (pangasius) within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Local businesses have been advised to diversify their cashew products as part of efforts aimed at increasing exports to the EU and retaining its leading position in the demanding market moving forward, according to insiders.
Despite trade activities between the nation and South American nations seeing growth in recent times, it remains far from fulfilling its full potential, especially for the textile and garment sector, according to industry insiders.
The Politburo recently issued Resolution No. 13/NQ-TW on orientations for socio-economic development and defence - security safeguarding in the Mekong Delta until 2030, with a vision to 2045, aiming to make development breakthroughs across the region.
The Vietnamese economy is anticipated to enjoy positive growth of roughly 6% this year, while inflation is forecast to be at between 4% and 4.5%, according to financial experts.
Investors from the United States look set to inject additional capital into several multibillion-dollar projects in Vietnam in the near future, according to insiders.
The Vietnam Online Business Forum (VOBF) 2022 was held by the Vietnam E-Commerce Association (VECOM) in Ho Chi Minh City on May 10, focusing discussions on e-commerce’s role in promoting post-pandemic economic development.
PSNews - Recently, the Ministry of Trade and Industry announced that, by the end of April the nation’s export turnover recorded high growth of 16.4% year-on-year to reach US$122.48 billion.
PSNews - Vietnam attracted over 10.8 billion USD of foreign direct investment (FDI) in the first four months of this year, equivalent to 88 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment.
The export revenue in April reached 33.26 billion USD, pushing the total in the first four months of this year to 2.53 billion USD, according to lastest statistics.
An online trade exchange will be held on May 9 to seek cooperation opportunities in the fashion industry between Vietnam and South American countries, according to the Ministry of Industry and Trade.
The EU-Vietnam Free Trade Agreement (EVFTA) is being effectively utilized by local enterprises amid the export turnover of peppers to the EU market expanding by 92.9% during the opening quarter of the year.
Despite the COVID-19 pandemic negatively impacting the economy, trade between Vietnam and Brazil has continued to grow, creating plenty of opportunities for businesses to increase trade turnover in the future, according to insiders.
Following impressive growth recorded in the first quarter, Vietnamese coffee exports are projected to continue increasing moving into the second quarter thanks to abundant supply sources and incentives from numerous free trade agreements (FTAs), according to industry insiders.
Nikkei Asia has recently analyzed the strong recovery of the local air freight industry as the country moves passed the COVID-19 pandemic.
The German newspaper Finanzmarktwelt (Financial Market World) has recently published an article highlighting the nation’s move to fully open up activities following the COVID-19 pandemic, with all industries showing signs of recovery.
