With the advantages of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), along with less competitive pressure compared to other major markets, seafood exported to the CPTPP bloc has had more positive results in the first half of 2023.
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The European Green Deal poses challenges for Vietnamese businesses, while also creating new development opportunities.
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Although it is considered as a country that can strongly develop the salt industry, Vietnam has to import about 600 thousand tons of salt with a value of billions of dollars to meet the demand for salt of about 1.5-1. 6 million tons/year....
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Many businesses have shared their current situation of needing more orders than capital. As the driving force for growth from aggregate demand is weakening, the task of restoring aggregate demand requires effective, selective, and breakthrough solutions.
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As one of the leading localities in attracting foreign direct investment (FDI), procedures as well as the legal framework governing business investment activities in Ho Chi Minh City reveal a lot of shortcomings, making the Government's preferential policies, which are very attractive, still difficult to attract potential capital.
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Against the increasing demand for rooftop solar installations in the FDI manufacturing sector in Vietnam, led by the electronics/semiconductor and textile sectors, Vietnam is considered an attractive market for foreign investors in developing distributed solar energy.
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Vietnam’s export turnover, after a decline in April, has regained its growth thanks to strongly boosted trade promotion activities. However, export activities are forecast to continue to encounter many difficulties as total export turnover in the first six months of this year fell by 12.1% over the same period last year amid overall slow growth in global trade.
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Goods traceability plays an increasingly important role for businesses and consumers. However, this work is facing many difficulties, requiring support solutions.
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According to updated data from the General Department of Customs, as of mid-June 2023, Vietnam's total import-export turnover reached more than US$287.9 billion, a decrease of 15.2% compared to the same period in 2022. Specifically, exports reached US$148.87 billion, down 12%, and imports reached US$139.07 billion, down 18.4%. To overcome export challenges, experts suggested that besides maintaining traditional markets, businesses need to target new and potential markets.
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During the working visit of South Korean President Yoon Suk Yeo to Vietnam in the past few days, it is expected that billions of dollars would be invested by Korean enterprises in Vietnam.
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