Foreign trade, a highlight on Vietnam’s 2020 economic picture
06:00 | 10/02/2021 Trade
(VEN) - In 2020, Vietnam exported goods worth an estimated US$281.5 billion and imported goods worth US$262.4 billion, up 6.5 and 3.6 percent from 2019, respectively, posting a trade surplus of US$19.1 billion, the highest level in five consecutive years since 2016, according to the Ministry of Industry and Trade (MoIT).
FTAs create driving force for 2021 exports
06:00 | 29/01/2021 EVFTA
(VEN) - Vietnamese businesses have made good use of incentives provided by free trade agreements (FTAs), creating an important driving force for export growth in 2021.
Free trade deals pile Vietnamese goods onto shelves around the world
06:00 | 04/01/2021 EVFTA
(VEN) - With 13 free trade agreements (FTAs) in effect, Vietnamese businesses are benefitting from the reduction and or elimination of tariff barriers, paving the way for additional Vietnamese products to reach global markets.
Vietnam seeks to ease logistics bottleneck hurting competitiveness
06:00 | 23/12/2020 Trade
(VEN) - According to economic experts, high logistics costs increase Vietnam’s commodity prices compared to those of other countries, reducing the competitiveness of domestic manufacturers and of the economy.
Trade deal with Europe expected to promote supply chain formation
06:00 | 02/12/2020 EVFTA
(VEN) - Given the global trade recession, the newly implemented EU-Vietnam Free Trade Agreement (EVFTA) is expected to provide great opportunities for Vietnam’s economic growth. To make better use of these opportunities, businesses need to pay attention to developing supply chains.
Vietnam seeks to steer clear of rivalries threatening global trading system
06:00 | 30/11/2020 Trade
(VEN) - New trends and developments in the world economy, and specifically challenges to the global trading system, are affecting multilateral cooperation in general, and Vietnam’s international economic integration in particular. This was one of the issues tackled at the mid-November summit of Southeast Asian leaders, chaired by Vietnam.
Professionalism required in online exports as small firms expand market share
06:00 | 03/11/2020 Trade
(VEN) - Using online platforms to boost exports is the fastest way to bring Vietnamese goods to the world. However, it requires increased business professionalism in order to achieve success.
Domestic producers, EU trade pact boost export growth
06:00 | 26/10/2020 EVFTA
(VEN) - Foreign trade totaled almost US$51.1 billion in September 2020, up 14 percent from the same time in 2019, taking the total to US$388.3 billion in the first nine months of this year, up 1.6 percent from the same period last year. Exports were estimated at US$202.86 billion, up 4.2 percent, according to Ministry of Industry and Trade data.
Saudi Arabia allows resumption of Vietnamese seafood imports
06:00 | 20/10/2020 Trade
(VEN) - After a suspension lasting over two years, Saudi Arabia has allowed 12 Vietnamese businesses to resume export of seafood products to its markets, said the Ministry of Industry and Trade’s Asia-Africa Market Department on September 15.
Farm exports to EU face name recognition, standards challenges
06:00 | 19/10/2020 Trade
(VEN)- The protection offered by the European Union to 39 unique Vietnamese products under a newly activated trade pact opens the door to Vietnam’s agricultural produce. However, to take advantage of this protection under the EU-Vietnam Free Trade Agreement (EVFTA), Vietnamese businesses must adhere to the world’s most stringent quality standards.
