Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, cashew nut exports to the European market have seen impressive growth. However, in order to maintain and strengthen the position of Vietnamese cashew nuts in this market, exporting enterprises need to invest properly in market research and product diversification, as well as brand building.
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Blue sea economy is expected to serve as an important motivation and premise for socio-economic development, environmental protection, defense and security assurance, and promoting foreign relations and international cooperation.
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According to experts, digital transformation in the economy in general and the service industry, in particular, is considered a direct driving force for economic growth and sustainable development sustainable in the medium and long term.
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Businesses should not only focus on improving the quality of products and services, but also move to attach social responsibility in each activity, thereby enhancing their reputation with international partners.
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The export of goods was relatively favorable in the first months of the year with many orders in such large industries as textiles, footwear, etc. However, the risk of supply chain disruptions and interruptions in importing raw materials from China is posing many challenges.
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Mr. Than Duc Viet, General Director of Garment 10 Corporation, discussed with Customs News.
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On May 27, at the Forum: "Improving the logistics service chain for agricultural products in the Mekong Delta", delegates said that the Mekong Delta has the highest logistics costs, accounting for 30% of the product cost, and so it is necessary to remove this bottleneck to help businesses develop.
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Vietnam’s efforts to rein in inflation at about 4 per cent this year are set to hit a snag due to China’s anti-pandemic policy affecting the Southeast Asian nation’s trade.
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On the sidelines of the Asia-Pacific Business Summit in 2022, which just took place in Hanoi, Mr. John Rockhold, President of the American Chamber of Commerce (AmCham) in Vietnam spoke with a reporter from Customs Magazine. According to General Director of Chan May LNG Joint Stock Company, Vietnam and the US have many bright prospects for bilateral trade and investment relationships as both sides are attractive destinations for businesses.
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Bilateral trade between Vietnam and the US is considered to be at the most favorable stage ever, so it is forecast that the export of many agricultural, forestry and fishery products to the US will continue to grow strongly.
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