Events

Leather and footwear exports could not reach goal of US$24 billion

The Covid-19 pandemic had a strong impact on the production and export of Vietnamese leather and footwear industry during the first three quarters of the year. In the finalmonths of the year, although there are some better signs, the leather and footwear export forecast in 2020 cannot reach the goalof US$24 billion.

Vietnamese agricultural products en route on EVFTA "highway"

The EU-Vietnam Free Trade Agreement (EVFTA) is likened to a "highway" leading Vietnamese goods, including agricultural products, to the large and potential EU market quickly and effectively. However, to go on that "highway", Vietnam is suggested to prepare a "vehicle" that satisfies the European standards.

Vietnamese entrepreneurs, the wings of the economy from hardship to growth

From the early days of implementing the “Đổi mới” (Renovation) policy in the late 1980s, the bigger hardships Vietnamese entrepreneurs encountered, the stronger they have become. We can see their strong, restless desire for making Việt Nam more powerful, prosperous and civilised.

Trade remedies must be in business strategy

Trade remedies are an effective tool to protect the rights domestic manufacturing industries in the context of integration. However, not many enterprises have enough knowledge and skills to use this tool effectively.

Taking full advantage of FTAs to maintain export growth

In the context of COVID-19 pandemic’s complicated developments disrupting international trade, Vietnam’s exports have still maintained positive growth.

Growing trade remedies a sign of rising export activity

As Vietnam is continuously increasing its presence and exploring new export markets, applied trade remedies against domestic producers and their goods have become more frequent. However, Chu Thang Trung, deputy director of the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade explained to VIR’s Van Nguyen why he sees little reason to be pessimistic about the recent rise in trade remedy cases.

EVFTA: Vietnam’s Decree 111 Details Preferential Export and Import Tariff Structure

Vietnam issued Decree 111/2020/ND-CP on September 18, outlining Vietnam’s preferential export and import tariffs to implement the EVFTA.
The Decree details import and export preferential tariff schedules, countries eligible as well as rules of origin guidelines.
Exporters and importers should ensure they are in compliance of the Decree to ensure their eligibility is not rejected by customs and thus negate the benefits of the EVFTA.