Vietnamese businesses should continue to invest in deep processing to effectively penetrate Asian and African markets amid the rising trend to use deeply processed products in these outlets, the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) has said.
There is ample room to promote trade between Vietnam and Russia’s Far East, head of the Vietnam Trade Office Branch in the Far East region Nguyen Hong Thanh said in an interview with the Vietnam News Agency (VNA) ahead of the state visit to Vietnam by President Vladimir Putin.
The upcoming official visit to Vietnam by Russian President Vladimir Vladimirovich Putin is expected to open up new opportunities in bilateral relations, aiming towards the prosperous development for both sides.
Vietnam’s export of fishery products is expected to reach 4.4 billion USD during January-June, a year-on-year increase of 6%, despite such formidable challenges as extreme weather conditions and competitive pressure regarding export prices, high input costs and shortage of materials, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The US remains Vietnam's largest export market in the period.
Seafood exports of Vietnam showed positive signs with significant growth seen in some key products like tuna and crabs, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.
Factories producing goods for export are suffering losses due to workers illicitly selling them locally in breach of agreements with international customers.
Vietnam’s rubber export value is expected to reach between 3.3-3.5 billion USD by the end of the year, forecast the Vietnam Rubber Association.
Vietnamese aquatic products are expected to gain a larger market share in the United States if Vietnam is recognised as a market economy by the US, according to experts.
| The site is done with the technical support of the project BWTO |
