Vietnam is on the cusp of an online export revolution, buoyed by supportive government policies and abundant production capacity, according to industry experts. However, a significant obstacle stands in the way: the lack of international brand recognition for many Vietnamese products.
President of the Argentine Chamber of Commerce for Asia and the Pacific (ACCAP) Rallys Pliauzer has highlighted the continuous development of relations between Argentina and Vietnam in all areas, particularly in trade, affirming that the potential for cooperation between the two countries still remains great.
Special mechanisms and policies must be put in place to encourage investments in the processing of rice by-products, a bold step that helps deliver significant benefits to farmers while contributing to carbon footprint reduction, according to insiders.
The two-way trade between Viet Nam and the Philippines is expected to reach over US$8 billion, a year-on-year increase of 3.9-6.4 percent, according to the Viet Nam Trade Office in the Philippines.
Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.
Costa Rican Minister of Foreign Trade Manuel Tovar, empowered by the Costa Rican President, on August 5 announced and handed over a diplomatic note to the Vietnamese Ministry of Industry and Trade (MoIT) affirming its recognition of Vietnam as a market economy.
Agricultural exports jumped by 24.4% to US$15.76 billion in the first half of 2024, with that of coffee, rubber, rice, fruits and vegetables, and cashew all exceeding $1 billion.
The Animal and Plant Quarantine Agency (APQA) of the Republic of Korea (RoK) has officially announced regulations for importing fresh pomelos from Vietnam on its website, according to the Plant Protection Department (PPD) under the Ministry of Agriculture and Rural Development (MARD).
The decision on Việt Nam's market economy status, a move that could boost the country's exports, is now expected to be announced on August 2.
Three out of the five Vietnamese businesses, which have formed limited liability companies in Indonesia, have been verified and received certificates of lobster cultivation from the Directorate General of Aquaculture, according to Indonesia’s Ministry of Maritime Affairs and Fisheries.
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