The export turnover of Vietnam's agricultural products to the EU has been still low compared to Vietnam's export potential as well as the EU's import demand.
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The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development will step up support for the Vietnamese business community to effectively exploit opportunities from the Regional Comprehensive Economic Partnership (RCEP), contributing to export promotion and economic development.
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In the first half of 2022, businesses made good use of FTAs, especially new-generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU FTA (EVFTA) to promote exports.
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Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
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Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.
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Australia’s Anti-Dumping Commission (ADC) has decided not to continue to impose anti-dumping duties on aluminum extrusions originated from Vietnam and Malaysia.
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Vietnamese durian will be allowed to officially be exported to China after the protocol is publicised. Earlier, dragon fruit, watermelon, lychee, longan, banana, mango, jackfruit, rambutan, mangosteen and passion fruit from Việt Nam were also allowed to be shipped to China via official channels.
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Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
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In the context of price inflation, EVFTA is an advantage in helping export seafood to the EU.
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The disruption of global wheat supply caused by the Russian military operations in Ukraine has left importers no choice but to seek substitution for the grains in rice-exporting countries, boding well for Vietnamese rice.
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