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FTAs – Driving force for agricultural growth

agricultureVietnam is currently a signatory to 16 free trade agreements (FTAs), which are described as highways connecting Vietnam’s economy with major trading partners in the world. In the agricultural sector, FTAs have become a powerful driving force, marking significant achievements across the entire industry.

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EVFTA can be long-term success story

evfta-can-be-long-term-success-story-20240625155655While the EU-Vietnam Free Trade Agreement (EVFTA) has benefited businesses for four years, there are still more advantages that can be sought out. Dominik Meichle, chairman of the European Chamber of Commerce in Vietnam, discussed with VIR’s Bich Thuy about how to fully capitalise on future opportunities.

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Build product value chain to dominate the Halal market

16-halal1-768x43620230717101312202307171716462024060616460220240618085651Compared to other countries in the region, Vietnam has many favorable conditions to develop the Halal industry (standard products and services for Muslims); especially the Vietnamese Government is also very interested in opening up and support Vietnamese businesses to effectively participate in the global Halal market.

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Seafood businesses clearly point out barriers affecting exports

cl2024060316263820240618103505Many seafood businesses have mentioned barriers that are affecting exports that need to be removed.

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More export opportunities from the Chinese market

17-5534-17-1241-hoa-qua-12024061018543720240614110825Besides 12 fruit and vegetable items; bird's nest, fish meal and some products for the production and processing of animal feed, dairy and seafood products that have been officially exported to China, fresh coconuts, frozen durian, crocodiles, poultry... are expected be officially exported to the Chinese market in the near future.

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Origin rules hinder non-compliant firms

origin-rules-hinder-non-compliant-firms-20240617093937Despite the EU-Vietnam Free Trade Agreement’s removal of tariffs for many export items into the EU market, meeting stringent rules of origin may be a burden for businesses to cash in on the deal’s benefits.

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What solutions for Vietnamese businesses to join the supply chain?

According to experts, there is a need to promote participation in the global production network and value chain by enhancing connectivity within industries, domestic regions, and across different areas.

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China - potential export market of Vietnamese seafood

China is one of Vietnam's two main seafood export markets. More than 800 Vietnamese seafood processing enterprises have been recognized by the General Department of Customs of China for export conditions to this market.

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Great opportunities for Vietnam to develop semiconductor industry, AI

Vietnam is seeing great opportunities to turn the semiconductor industry into a critical national one in the next 30-50 years.

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Seafood exports avoid dependence on imported raw materials

To avoid dependence on imported raw materials and breeds, seafood businesses and localities need to take advantage of the marine farming area with hundreds of thousands of hectares.

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