At the conference " Opening up the flow of Vietnamese rice grains " held on June 22, Mr. Pham Quang Dieu, director of Vietnam Market Analysis and Forecast Joint Stock Company (Agromonitor), pointed out that the Philippines – Vietnam’s largest rice importer – switched from importing medium-quality rice to high-quality rice, which has created a big nudge for Vietnam's rice industry to focus on high-quality products.
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Since the beginning of the year, exports recorded positive growth, but the pandemic situation and the "Zero Covid" policy in China as well as rising input costs could affect export growth in the second half of the year.
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In order to strongly promote the export of processed foods to the Japanese market, enterprises must pay special attention to ensuring the quality of goods. It is necessary to establish a close link channel, ensuring synchronization and smoothness in all stages from production to storage, transportation and export.
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In the first months of 2022, the number of businesses entering the market increased sharply again, reaching an all-time record. This was possible thanks to the recovery efforts of the economy and businesses. Since then, many businesses have been bolder for their investments, with the expectation of stronger growth.
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After more than five months after taking effect, the Regional Comprehensive Economic Partnership (RCEP) has opened up many opportunities for Vietnamese seafood. However, the point of note for seafood enterprises is to learn and well comply with the rules of origin within the bloc as well as closely monitor and ensure the quality of export goods.
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The demand for importing wooden furniture and interior decorations from Canada is quite large, although the proportion of Vietnamese goods in this market is still modest. It is forecasted that Vietnamese furniture and interior decoration products still have many opportunities to boost exports to Canada, even though this is a "gateway" to penetrate deeply into the North American market.
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Many export markets of Vietnam's catfish have bounced back after a period of deep decline. In addition, high export prices are opening up many opportunities for key export seafood products of Vietnamese enterprises.
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Thanks to its solid foundation, Vietnam's economy has shown remarkable resilience in the context of an unprecedented "storm" that is the impact of the Covid-19 pandemic, along with the appearance of many variables. New incidents belong to the international context, typically the recent Russia-Ukraine conflict.
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In view of the important contributions of investment capital to the local economy, Việt Nam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.
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HCM City will review and consider adjusting seaport infrastructure fees in HCM City, in line with the actual situation.
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