After the Dien pomelo and Tan Lac red pomelo, the export of Vietnam's first seven tons of Cao Phong oranges to the UK (January 5, 2023) is a signal that Vietnamese agricultural products are increasingly gaining a foothold and having many opportunities for export to the UK market.
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Besides the Free Trade Agreements (FTAs) that have been signed and put into practice, which have created many new development motivations, market expansion and diversification; activities to initiate negotiations for new agreements have also been initiated to open up new opportunities for businesses to seize the opportunity.
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Australia is Vietnam's second largest shrimp import market in the CPTPP market after Japan, accounting for 27% of Vietnam's total shrimp export value to this market.
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Despite being quite shy about new investments, foreign investors still increase investment capital for effective projects in Vietnam, showing their confidence in the prospects of investment projects in Vietnam.
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The Prime Minister's Official Dispatch No. 265/CD-TTg has made many requirements on focusing on removing difficulties and obstacles to promote the production and consumption of agricultural products; implementation of three national target programs; and combat illegal, unreported and unregulated fishing.
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Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.
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Not only reflecting on the troublesome administrative procedures and lengthy processing time, but many foreign enterprises have also made recommendations on improving infrastructure and transportation, developing energy infrastructure, allocating credit reasonably, and studying the impact of the global minimum tax.
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In the difficult context, shrimp exporters must manage their situation by reducing costs, focusing on added value, improving product quality, and redirecting the export of specific products.
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Along with the initiative to change and adapt to the current difficult economic context, enterprises still need support from management agencies; it is urgent to promote the improvement of the business environment and increase the effectiveness of supporting policies.
Read more...Green growth, green development, and circular economy are becoming global trends. This development trend has been forming new "rules of the game" on trade and investment.
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