There is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect, said policymakers and industry experts during an online conference in Hà Nội on Thursday.
Exporters in Vietnam should pay more heed to a green economy to meet increasingly stricter requirements set by import markets, Minister of Industry and Trade Nguyen Hong Dien told a recent green export promotion forum.
Bilateral trade between Vietnam and Laos reached 1.36 billion USD in the first 10 months of 2022, up 28.3% year-on-year.
Bilateral trade between Vietnam and the EU grew strongly last year and in the first months of this year, even compared to the pre-pandemic period. The EVFTA has created new opportunities for businesses in Vietnam and the EU to penetrate each other’s market. In the first 10 months of 2022, bilateral trade totaled 52.5 billion USD including 40 billion USD for Vietnamese export.
Vietnam raked in 515 million USD from exporting shrimp products to Japan in the first nine months of 2022, posting a year-on-year increase of 24%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD) on November 24 held a press conference about the Japanese market opening to Vietnam’s longan, the Chinese market to sweet potatoes and the New Zealand market to lemons and pomelo.
Vietnam shipped 600,000 tons of rice in November, bringing the total volume and value of rice export in the year through November to nearly 6.7 million tons
A workshop was organized to assess the circumstance and information about export markets in countries in the EU-Vietnam Free Trade Agreement (EVFTA) and Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
Shifting to green production and exports would help businesses improve their competitiveness and catch up with global market trends, the 2022 Vietnam Export Promotion Forum has heard.
Vietnam recorded a trade surplus of 10.6 billion USD in the January-November period, the General Statistics Office announced on November 29.
Japan has very strict import standards, but if Vietnamese goods manage to meet those rules, they will be able to enter not only this demanding market but also most of other markets in the world, said Vietnamese Trade Counsellor in Japan Ta Duc Minh.
Vietnam’s fishery export has completely recovered after the COVID-19 pandemic, reeling in 10 billion USD as of November this year, said General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe.
Vietnam should speed up innovation to take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreement and promote trade with Malaysia, a Malaysian expert has recommended.
In order to meet high environmental and social standards set by import markets, exporters, including Vietnam, must pay closer attention to the green economy which can effectively alleviate environmental pollution and promote a green supply chain to help reduce negative environmental impacts along the life cycle of the green product.
Vietnam’s seafood exports this year could reach $11 billion for the first time, spearheaded by shrimp, pangasius and tuna, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Minister of Agriculture and Rural Development Le Minh Hoan has signed the Protocol on requirements for quarantine, inspection and veterinary hygiene for bird’s nests of Vietnam to be exported to China after the document was inked by the General Department of Customs of China.
There remains potential for Vietnam and the UK to tap the UK-Vietnam Free Trade Agreement (UKVFTA) and expand bilateral trade ties, said Ngo Chung Khanh, Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Multilateral Trade Policy Department.
Việt Nam’s export turnover to Germany enjoyed a year-on-year surge of 30.5 per cent to US$7.6 billion in the first 10 months of this year, according to the Ministry of Industry and Trade.
Trade between Vietnam and Poland, especially consumer goods and beauty care products, have ample room to grow, heard a seminar held by the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) on November 23.
China is expected to stay the largest export market for Vietnamese pangasius this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).