The strategy of exporting cheap coffee to compete is no longer appropriate. Coffee growers need to invest to produce high-quality Arabica coffee in order to access the market of trading high-quality coffee for hotels and restaurants in the UK.
Read more...Three more members have been added to a Domestic Advisory Group (DAG) established under the EU-Vietnam Free Trade Agreement (EVFTA), pushing the total number of its official members to six.
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As a driving force of economic growth, enterprises should be more proactive in building production and business plans in the new situation given complicated developments of the COVID-19 pandemic, Minister of Industry and Trade Nguyen Hong Dien has said.
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Despite the recent backlog of vehicles at customs posts, China was still the largest consumer of Vietnamese fruit and vegetables in 2021.
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In 2021, out of a total of 46 newly registered FDI enterprises in Vietnam's wood and forest product processing industry, 41 are from China. The average capital for business registration/enterprise is quite low, reaching only US$1.54 million.
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The Vietnam Trade Office in Sweden and North Europe plans to take European food importers to Vietnam to buy goods this year while popularising more Vietnamese products in the area.
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The US Department of Commerce (DOC) has decided not to initiate an investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.
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The inflow of foreign direct investment (FDI) into Ho Chi Minh City hit 3.74 billion USD in 2021, down 14.2 percent year-on-year, according to the municipal Department of Planning and Investment.
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Direct investment from Australia into Vietnam is forecast to have many growth opportunities thanks to FTAs, but many barriers in the business and investment environment must be removed.
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The Regional Comprehensive Economic Partnership (RCEP), which took effect from January 1, is expected to become a new momentum accelerating trade and subsequently post-pandemic economic recovery by forming a stable and long-term export market for Vietnam and other ASEAN countries and creating a legally biding foundation for an equal trade environment in the region.
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