To help provinces and cities change their thinking and ways of doing things in creating more favorable conditions for businesses to take advantage of the FTA, the Ministry of Industry and Trade has proposed and the Government has also approved the proposal to develop a set of indicators to evaluate the results of the implementation of annual FTAs of localities (FTA Index).
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Canada's new regulation on plastic packaging applied from the beginning of 2023 may affect Vietnam's exports of processed foods and other products to this market.
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According to information announced by the General Department of Customs on the afternoon of December 14, Vietnam's import and export turnover reached US$700 billion (December 15). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
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China is increasingly introducing strict control requirements for imported goods, requiring businesses and regulatory agencies to quickly grasp and change to bring goods into this world’s most populous market.
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Emphasizing the rapid change of the market towards the "green" criteria of products, Vu Ba Phu, Director of the Trade Promotion Department - Ministry of Industry and Trade, forecast that if there are no certifications, acceptance that markets with green standards or customers with green standards require, in 5 years Vietnam in general and many enterprises, in particular, may not be able to export goods.
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The decrease in orders is posing a great threat to the workload at textile and garment enterprises. Therefore, businesses are trying to keep their labor source stable.
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For the first time, an initiative to promote socially responsible business practices known as standards: Environment, Society and Governance (ESG) for Small and Growing Businesses (SGBs) has been launched in Vietnam.
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Ending the situation of Vietnamese fishing vessels violating in foreign waters is an important factor in order to remove the "yellow card" in the future.
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Vietnam has many opportunities to attract foreign direct investment (FDI) in the context of the world trend of shifting FDI capital.
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After 2 years of implementing the Free Trade Agreement between Vietnam and the European Union, import and export activities as well as the perception of Vietnamese businesses have changed a lot. However, in the past 2 years, there have also been many market fluctuations, requiring the removal of barriers for businesses to optimize efficiency from EVFTA.
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