Vietnamese Ambassador to South Africa Hoang Van Loi has led a delegation of Vietnamese representative agencies in South Africa to attend a seminar on ASEAN investment held by the Department of International Relations and Cooperation (DIRCO) of South Africa and the Northern Cape provincial government in Kimberley city.
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Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) helps promote Vietnam-Australia cooperation in terms of trade and investment, the Cong Thuong (Industry and Trade) newspaper said, citing Vietnamese Ambassador to Australia Nguyen Tat Thanh.
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With Vietnam-US economic relations having grown steadily over time, the American business community is very optimistic and working very hard in Vietnam, according to Virginia B. Foote, President of the Board of the US International Centre.
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The Food Safety and Inspection Services (FSIS) under the United States Department of Agriculture has recognised six more Vietnamese pangasius processing factories that are eligible to export products to the US, raising the number of establishments to 19, according to the Ministry of Agriculture and Rural Development’s National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).
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The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according Standard Chartered Bank.
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Vietnam exported 13.1 million tonnes of iron and steel worth US$11.8 billion to the EU last year last year thanks to the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA), up 32.9% in volume and 124.3% in value compared to 2020.
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The Ministry of Industry and Trade (MoIT) is carrying out procedures for infrastructure investment for two centres facilitating industrial development in the northern and southern regions, according to the ministry's Industry Agency.
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ASEAN's 700-million market has a lot in common with Việt Nam in terms of culture, habits and preferences, according to the Ministry of Industry and Trade (MoIT), and there is still room to grow for Vietnamese exports in ASEAN markets, including Vietnamese rice.
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The Vietnam National Textile and Garment Group (Vinatex) enjoyed a year-in-year surge of 144.2 percent in revenue to over 5.15 trillion VND (224.26 million USD) in the first quarter of 2022, completing 28.5 percent of its target for the whole year.
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