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Vietnam will make great strides in attracting investment from European businesses

Nguyen Hai Minh (photo), Vice President of the European Chamber of Commerce in Vietnam (EuroCham), said that, in the spirit of reforming administrative procedures in trade facilitation, Vietnam will make great strides in attracting investment, especially investment from European enterprises.

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Exporters urged to improve quality of farm produce to compete globally

Vietnamese exporters need to continue to improve the reliability of agricultural products and ensure quality, safety and sustainability to compete globally, industry insiders said.

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“Sprint” before EC IUU test

At the end of October 2022, the inspection team of the European Commission (EC) will inspect the fight against illegal IUU fishing in Vietnam. The Ministry of Agriculture and Rural Development is actively coordinating with ministries, branches and localities to drastically implement many solutions to overcome outstanding problems.

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Exporting enterprises cope with high inflation

Inflation in many countries, especially the US and Europe, increased sharply, leading to limited consumption of high-priced food items. Vietnamese seafood exporters have quickly responded to bring moderate-priced items to these markets.

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Carbon market to help achieve net zero emissions

Greenhouse gas emissions in Việt Nam increased rapidly over the past three decades in direct proportion to the economy’s growth.

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Vietnam firmly integrates into the international economy

Thanks to a positive and proactive spirit, Vietnam is increasingly achieving important results in the process of international economic integration. 15 Free Trade Agreements (FTAs) in progress and two FTAs under negotiation have brought Vietnam into the center of global trade "flow", strongly supporting import-export activities, helping Vietnam step by step overcome difficulties of the Covid-19 pandemic, consolidating and affirming its position in the international arena.

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Transition from CE to UKCA could cause headache for exporters

Technical documentation and the UK Declaration of Conformity are compulsory in both cases and must be available to market surveillance authorities on request.

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Deep processing to develop the local agricultural products

The processing industry only meets about 8 to 10 per cent of the fruit and vegetable output’s annual output.

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Vietnam is expected to become the leading country in attracting investment

With the Government's reform efforts, foreign businesses in Vietnam believe that Vietnam will become a leading country in attracting foreign investment.

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More solutions for businesses to take advantage of tariff incentives from FTAs

According to VCCI, authorities need to support businesses to take advantage of tariff preferences, because this is the most easily realized aspect of FTAs. Commenting on completing the Government's draft Resolution on a number of key policies and solutions to support businesses to proactively adapt, recover quickly and develop sustainably by 2025, the Vietnam Trade and Industry Federation said. Nam (VCCI) has made many recommendations on solutions to support businesses.

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