Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about 47 billion USD from export this year on the back of incentives brought about by free trade agreements that already took effect.
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With the strong development of organic farming, Vietnam has extensive opportunities to boost the export of organic agricultural products to Europe, where those products are in high demand and fetch top dollar.
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Despite the high cooperation potential, trade between Vietnam and Yunnan province of China has remained modest at only 3.2 billion USD in 2022, a very small amount of the 175.6 billion USD in trade between Vietnam and China in the year, according to Vu Ba Phu, Director of the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
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The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China.
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As 2023 is forecast to be a difficult year driven by increasing inflation and economic recession at the global level, enterprises in Vietnam have actively built scenarios to adapt to market recovery and anticipate new business opportunities.
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Despite experiencing a sharp decline in the last quarter of 2022 and the first month of 2023, tra fish (pangasius) exports still see bright outlook this year, according to insiders.
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Vietnamese exporters need to ensure their capacity and maintain existing export markets, typically Asian and African outlets, amid many challenges in 2023, a senior trade official has said.
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With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.
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The General Administration of Customs of China has granted 435 codes for Vietnamese agricultural product exporters so far this year.
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Ho Chi Minh City is ranked among the top markets in the land price category for data centre development, experts said.
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