In recent years, the export of agricultural and aquatic products to Russia has improved markedly, but it still accounts for a very small market share in the total imports of agricultural and aquatic products of Russia. Overcoming non-tariff barriers, promoting trade promotion, ensuring uniform supply and large quantities are important notes for businesses when they want to promote exports to Russia.
In agriculture, digital transformation is a positive solution that can overcome the inherent weakness of fragmented and small production and form value chains and effective production linkages. Successful digital transformation in agriculture will be an important factor for success in national digital transformation.
After nearly a year since coming into force, the UK-Việt Nam Free Trade Agreement (UKVFTA) has boosted the bilateral trade significantly despite the negative impact of the Covid-19 pandemic. The spare room for Vietnamese goods to the UK market is still available providing that exporters meet the prerequisite of “stepping out of the safe-zone” and carefully grasp market information.
Emphasizing the spirit of "living " with trade lawsuits, management agencies at all levels from the central to local levels have determined that they will enhance the effectiveness of trade remedies to effectively respond to lawsuits, and at the same time ensure reasonable protection of domestic production.
Business results in October 2021 have shown positive recovery after four months of implementing social distancing. Although the difficulties are not over, with the pandemic under control, businesses have made optimistic forecasts about the prospects in 2022.
The EU's regulations on pesticide residue levels have frequently changed and been updated recently, requiring Vietnamese enterprises to update information in order to respond to such requirements.
After nearly two months of reopening the economy in a new normal, many manufacturing and service industries in HCM City have prospered again. The city's economy recorded positive signs.
Order 248 on "Regulations on registration for enterprises producing imported foreign food" and Order 249 on "Measures to manage import and export food safety" of China will take effect from January 1, 2022. The General Administration of Customs of China has just answered and clarified some key queries of these Orders.
Many economic experts predict that the pressure to increase prices in the last month of 2021 will be great, especially as this is the peak period for production and business of goods. Therefore, businesses need practical solutions to reduce production and business costs.
The 2021 Whitebook released by the European Chamber of Commerce in Vietnam (EuroCham) stated that the Vietnamese Government is continuing to reform the business and investment environment in the country to increase the attractiveness of Vietnam as a destination for investment.
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