According to the People's Committee of Lang Son province, from the beginning of May, localities across the country began harvesting agricultural products, especially fresh fruits in the list of official exports to China.
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Only in the first five months of the year, Vietnam's rice exports reached 3.62 million tons, one of the rare commodities with an increase in export turnover in the context of general difficulties. It is forecasted that in the coming months, rice will still be one of Vietnam's key export items when the world's food demand increases.
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The door for Vietnamese vegetables and fruits to enter the Chinese market is wide open on the official quota. Businesses and localities continue to promote investment and improve quality to not be excluded from the race to enter this potential market.
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Supporting economic recovery, controlling inflation, stabilizing interest rates, and ensuring credit demand... are the goals targeted by the monetary policy amid the global economic chaos. Therefore, it is recommended that monetary policies have an appropriate transition.
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The market of Muslim countries is a potential market with the demand for Halal products (standard products and services for Muslims) increasing rapidly while the supply is in deficit. However, the number of Vietnamese products entering the Muslim market is too small.
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In the context of reduced exports, seafood enterprises are changing their strategies to find ways to keep export orders and maintain production and business.
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In the context of a challenging economy, the food processing and food industry in HCM City continues to show positive growth in both exports and the domestic market.
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Instead of using price, but must use quality of goods to compete, green label products on products to be more competitive in the international market.
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The project of Ho Chi Minh City International Financial Center is built with the approval of the Central Government and the Government. Currently, the project has been approved by ministries and sectors and has been submitted to the Government. However, according to experts, Ho Chi Minh City needs specific mechanisms and policies to form an International Financial Centre soon. Customs Magazine interviewed Dr. Nguyen Huu Huan, Head of Financial Market Department, Ho Chi Minh University of Economics, about this issue.
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In mid-May 2023, the European Commission issued regulations on the establishment of a Carbon Border Adjustment Mechanism (CBAM) in the EU, requiring businesses to adapt so as not to lose their competitive advantage.
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