Compliance costs challenge EU market access
07:20 | 10/08/2020 EVFTA
(VEN) - Taking effect on August 1, 2020, the EU-Vietnam Free Trade Agreement (EVFTA) is expected to offer new opportunities for Vietnamese exporters. Compliance will be the biggest challenge for them in accessing the EU market.
Binh Thuan looks to become LNG-powered national energy hub
06:25 | 07/08/2020 Industry
(VEN) - Prime Minister Nguyen Xuan Phuc recently in-principle approved to add the LNG gas-fired power project near Ke Ga Cape in the southern province of Binh Thuan to the National Power Development Master Plan for the 2021-2030 period, with a vision towards 2045 (Power Development Master Plan 8). This project, together with the Thang Long Offshore Wind Power Project, will contribute to turning Binh Thuan into a national energy hub.
Saving energy in Bac Ninh Province craft villages
13:02 | 06/08/2020 Industry
(VEN) - Bac Ninh Province, northeast of the capital Hanoi, has some of the fastest growing craft villages in the country in both quantity and quality, as well as rapidly increasing energy consumption due to the use of outdated machinery and equipment. The local Department of Industry and Trade has set out to devise and implement energy saving solutions for the production process.
Exporters hail EU trade deal, steel themselves for strict standards
13:00 | 05/08/2020 Trade
(VEN) - Over the past two years, trade barriers have obstructed Vietnamese steel exports to the EU, which have also faced fierce competition. The EU-Vietnam Free Trade Agreement (EVFTA) is expected to help create a breakthrough in steel exports to that market as soon as it takes effect on August 1.
Textile exporters encounter new European consumer trends
06:00 | 04/08/2020 Industry
(VEN) - Consumers in the European Union are shifting their preferences for textile and garment products, with fast and cheap fashion gradually being replaced by environmentally friendly goods. This trend is expected to force domestic textile and apparel manufacturers to change their production methods accordingly.
Enterprises prepare to boost seafood exports to the EU
06:00 | 03/08/2020 Trade
(VEN) - The seafood industry has set a US$2 billion target for seafood exports to the EU in 2021 based on the terms of the EU-Vietnam Free Trade Agreement (EVFTA), which will take effect on August 1. Enterprises are preparing in terms of farming areas, food safety certification and logistics infrastructure to take opportunities provided by the recently ratified pact.