There remains ample room for Vietnamese and Japanese enterprises to foster cooperation in supporting industries that are increasingly developing and playing an important role in Vietnam's participation in the global supply chain as well as the global value chain, insiders have said.
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Green consumption and environmentally friendly products are trending in many countries. Since then, many regulations and standards from export markets have been applied and strengthened, making it difficult for Vietnamese goods to penetrate and maintain trade turnover. Mr. Tran Ngoc Quan, Vietnam Trade Counsellor in Belgium and the EU, said that Vietnamese enterprises need to be prepared to access and maintain the market in the European Union.
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Experts from the National Economics University say that Vietnam mainly depends on a few large export markets, so when these countries fall into a crisis period, export activities will be interrupted.
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By August 20, 2023, the total of newly registered capital, adjusted and contributed capital to buy shares, and purchase capital contributions (GVMCP) of foreign investors (foreign investors) reached nearly US $ 18.15 billion, an increase of nearly US $ 18.15 billion, 8.2% over the same period, up 3.7% over the first seven months of the year. In addition to the reduced adjusted investment capital, the new investment capital and GVMCP continued to increase over the same period.
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Experts from the National Economics University said that Vietnam mainly depends on several large export markets, so export activities are interrupted when these countries fall into a crisis period.
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Vietnam is one of the great economic success stories of the past 35 years, having turned some US$450 billion in foreign direct investment (FDI) into major gross domestic product and other gains. The country remains a leading destination for inward FDI, attracting global giants such as Samsung, Intel, LG, Toyota and Lego.
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Sustainable production and consumption is one of the inevitable trends in Vietnam and countries worldwide, especially in the context of increasingly depleted sources of primary raw materials.
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Focusing more on growth in association with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy, is the Government’s guiding and operating point of view from now to the end of the year, to achieve the highest possible growth.
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The Free Trade Agreement between Vietnam and Israel (VIFTA) was officially signed on July 25, 2023, will open up opportunities for Vietnam's seafood exports to Israel and the Middle East market.
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At the beginning of the year, leather and footwear, one of the four commodity groups that account for the largest proportion of Vietnam's export turnover to Canada, has maintained a double-digit growth rate - up 46.6%. However, with great competition from other countries, here, the leather and footwear industry must have a new strategy instead of relying on outsourcing orders.
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