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Half a year later, how has the EVFTA increased exports?

Since it took effect, the Vietnam-EU Free Trade Agreement (EVFTA) has had a significant impact on boosting Vietnam's exports to the EU. Notably, thanks to the EVFTA, Vietnam's agricultural products are expected to have more "leverage" to penetrate deeper into the market of Northern European countries - where previously they mainly preferred importing goods from European countries.

Achieving more than US$122 billion, import-export prospered in the first quarter of the year

The latest statistics of the General Department of Customs show that the total import and export value of Vietnam from March 1 to 15 reached US$26.36 billion, increased by22% (equivalent to US$4.76 billion) compared to the second half of February 2021.

Cooperatives struggle to access COVID-19 support

Most cooperatives have been harmed by the COVID-19 pandemic while only a small proportion of them have benefited from supportive policies, heard a forum held by the Việt Nam Cooperative Alliance (VCA) and the United Nations Development Programme (UNDP) yesterday.

Digitalisation spurring on new economic model

Vietnam has been planning its 10-year socio-economic development strategy until the end of this decade, further renewal of the nation’s growth model needs to be promoted, with one of the key solutions to be placed on fostering the application of digital solutions. However, challenges remain among many businesses.

FIEs retain pole position in bolstering trade surplus

While many developed countries have been struggling with the pandemic, Vietnam has maintained a trade surplus of nearly $1.29 billion in the first two months of 2021. However, a large portion of this relies on foreign-invested enterprises, a fact that government officials and economists want to balance with their domestic counterparts.

Wood export has high growth during the pandemic

From the beginning of the year, the export of wood and wood products recorded impressive growth. Orders of many businesses are quite abundant with positive market signals; the wood industry has a favorable start towards the target of exporting US$14 billion for the whole year

Increasing fraud in international trade transactions online

Recently, many regulatory agencies have warned businesses about fraudulent offers to sell, buy goods, sign international commercial transactions online with new companies. Many businesses have "fallen into a trap", so they must raise their guard in the difficult context of trade because of the effects of the pandemic.