The Plant Protection Bureau (Ministry of Agriculture and Rural Development) is urgently coordinating with the General Administration of Customs of China to negotiate technical exchanges and develop protocols for eight types of traditional fruits exported to the Chinese market.
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In order to achieve the target of growing agricultural, forestry and fishery exports from 2.8 to 3% compared to 2021, the agricultural industry needs to focus on boosting exports to major markets such as the United States, the EU, China, Japan and Korea.
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In the context of high inflation in many countries, FTAs are a favorable factor to help businesses increase exports. However, a representative of seafood exporters said that it is necessary to remove obstacles to rules of origin so that enterprises can take full advantage of the FTAs.
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With the largest area in Africa and a large population, Algeria has been a potential market for Vietnamese goods. However, to be able to really promote exports to this market, Vietnamese enterprises need to overcome difficulties of remote geographical distance, high transportation costs and language barriers.
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Recently the Vietnam - United Kingdom and Northern Ireland Free Trade Agreement (UKVFTA) has been an important "lever" to help Vietnam - UK trade turnover achieve significant results, despite the pandemic.
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In order to integrate deeply and access large markets, businesses must meet the requirements of green and sustainable development across raw materials, production to packaging. This has forced Vietnamese businesses to "transform", adapting to increase opportunities to reach out.
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Despite many difficulties, in the first half of this year, Vietnam's goods export still grew by double digits, with a trade surplus estimated at USD710 million. However, the export situation in the second half of the year has many potential risks and challenges, forcing export industries to make reasonable calculations to minimize damage and reach their set targets.
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According to Deputy Director General of the Directorate of Fisheries (Ministry of Agriculture and Rural Development) Nguyen Quang Hung, the implementation of combating illegal, unreported and unregulated fishing (against IUU fishing) towards removing the "Yellow Card" warning of the European Commission (EC) has achieved remarkable results. The goal is to strive to remove the "Yellow Card" in the period 2022-2023.
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Many countries tighten monetary policy to cope with inflation andexpand credit to support the economy during the recovery period. This makes the management of monetary policy, including the interest rate issue of the State Bank of Vietnam (SBV), facing the problem of continued flexibility or tightening.
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The American market has been recovering rapidly after the pandemic and opening many opportunities to promote the exports of Vietnam. However, we are facing four significant challenges.
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