The US is considering the recognition of Vietnam as a market economy, which means that Vietnamese goods entering the US would avoid many risks caused by trade barriers.
Analysts have noted strong investment from China in manufacturing and support industries, warning that this will pose challenges for Vietnamese enterprises in the field.
The VN Trade Office in the Republic of Korea has urged enterprises to strictly comply with regulations on pesticide residue levels when exporting farm produce to this market.
Vietnam exported 12,000 tonnes of tea worth more than US$21 million in January, representing a surge of 85% in both volume and value in comparison to the same period from last year.
The trade and investment targets that Malaysia set for this year are achievable despite the ringgit’s current depreciation versus the US dollar, as many other major fundamentals remain attractive and appealing to global investors, said Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
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In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam's largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
China became the second largest importer of Vietnamese seafood behind Japan in January, with shrimp and pangasius imports witnessing a four-fold rise compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VN is about to sign a protocol for avocado and passion fruit exports with the General Administration of Customs of China, bringing the total agricultural products exported to the Chinese market in this form to 8.
The recent signing of a protocol regarding the export of Vietnamese watermelon to China via official channels will help deter trade risks, boost the standard of the farm produce, and ease congestion at border gates
The National Innovation Centre (NIC) is building a project on developing human resources for the semiconductor industry as part of the country’s efforts to provide 50,000 engineers for the industry, according to NIC Vice Director Vo Xuan Hoai.
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