Local firms must prepare strategic digital transformation blueprints in line with technological changes emerging from Industry 4.0 in order to keep up with market trends.
Nearly 700 businesses and suppliers from Vietnam and 32 countries and territories worldwide are showcasing their products at the 21st International Shoe and Leather Exhibition, the International Expo of Leather and Footwear Products, and the International Exhibition of the sewing machine industry, which kicked off in Ho Chi Minh City on July 10.
Talking to reporters from Customs News, Nguyen Ton Quyen (photo), Deputy Chairman and General Secretary of Vietnam Timber and Forest Product Association said that the EVFTA will create many opportunities for Vietnam’s wood industry, even raising export turnover to US$1 billion by 2020.
The Government issued Decree No. 57/2019 / ND-CP on Vietnam's Special Preferential Import and Export Tariff for implementation of the CPTPP in the period 2019-2022 to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This Tariff is applied from 14 January 2019 until 31 December 2022.
At the invitation of Chairman of the Standing Committee of the Chinese National People's Congress, Li Zhanshu, Vietnamese National Assembly Chairwoman Nguyen Thi Kim Ngan will begin an official visit to China from July 8-12.
A vibrant small medium enterprise (SME) ecosystem holds the key to achieving broad-based and inclusive growth in developing countries. Now with technological advancements, micro enterprises have the same opportunities to reach out to the international market as do SMEs.
Over the past decade, Vietnam has become one of Southeast Asia's most vibrant emerging economies. The country's large and inexpensive labor pool, stable political environment, favorable investment policy and strong foreign relations has helped escalate Hanoi's move up the industrial value chain.
Both countries face opportunities, but investors cannot overlook the lingering risks. With China’s demographic dividend gradually disappearing in recent years, production costs have soared in the world’s second largest economy.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is opening up many opportunities for Việt Nam’s agricultural products to reach global markets. However, agricultural products are the most vulnerable commodity when it comes to trade disputes.
Signing a free trade agreement with the EU (EVFTA) is extremely important, especially at the moment when more and more people in the world are looking at protectionism. The agreement is a strong and positive sign in demonstrating Việt Nam’s policy of supporting free trade, said Ousmane Dione, World Bank Country Director for Việt Nam.
| The site is done with the technical support of the project BWTO |
