As an important part of the economy, small and medium enterprises (SMEs) are concerned with the commitments in many free trade agreements (FTAs).
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With a vibrant economic climate, Vietnam remains a strong candidate for investment from the Association of Southeast Asian Nations (ASEAN) and beyond, according to the Vietnam Briefing newswire.
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According to the report of the top 10 reputable feed companies of Vietnam Assessment Report JSC (Vietnam Report) published on December 21, 2021, animal husbandry is one of Vietnam’s important economic sectors with high development potential, attracting many businesses, especially foreign-invested units.
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Pulling down product prices is one of the core problems in solving the problem of "good season, loss of value" that has been repeated for many years in the Mekong Delta. This requires strengthening linkages between localities and the large consumption market of Ho Chi Minh City to optimize the supply chain.
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Taking advantage of tariff rates from the EVFTA, the volume of Vietnamese shrimp exported to the EU market has increased steadily. Enterprises are making efforts to grow recognition of Vietnamese shrimp brands in this market.
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The market share of seaport exploitation of Ho Chi Minh City tended to decrease compared to the provinces in the Southeast region, as there has been a movement of goods between regions. It needs to overcome obstacles to reduce logistics costs.
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At the seminar "Vietnam - UK trade prospects: Opportunities and challenges in the post-Brexit and post Covid-19 pandemic context", representatives of ministries and businesses discussed policies and opportunities for cooperation in the UK market as well as sharing practical experiences for successful cooperation.
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The Covid-19 pandemic has revealed both strengths and weaknesses in business models, as well as the operational processes of various enterprises. Therefore, it is necessary to restructure to ensure sustainable development and allow for breakthroughs in the future.
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The output of import and export goods at the seaport of Ho Chi Minh City is expected at about 155 million tons in 2025, and about 190 million tons in 2030. Therefore, there is a huge space for development of the logistics industry.
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Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said “that China intends to stop importing vegetables and fruits for at least 6 weeks during the upcoming Lunar New Year. This may increase the disruption of the global supply chain, greatly affecting Vietnam's fruit and vegetable exports.”
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