The global semiconductor and chip race is heating up and Việt Nam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.
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Freighters have even started accepting small orders at low prices in the hope they may be able to pool them together to make a trip worthwhile.
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Thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s agro-forestry-fishery exports to the European nation now enjoy many advantages which, however, also come with several challenges.
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Việt Nam’s export turnover to Germany enjoyed a year-on-year surge of 30.5 per cent to US$7.6 billion in the first 10 months of this year, according to the Ministry of Industry and Trade.
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Vietnamese companies must understand trends in the EU consumer market, which is undergoing a significant shift towards green and clean goods that meet international labour and environmental standards, the European Chamber of Commerce in Vietnam (EuroCham) has said.
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Vietnam will promote the use of e-commerce channels to expand export markets and enable enterprises to participate in foreign distribution networks.
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Vietnam’s coffee market share in the total import turnover of France and Canada has been low.
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Following the enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) there remains ample room to accelerate exports to the German market moving forward, according to industry insiders.
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A report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was released by the National Centre for Socio-Economic Information and Forecast (NCIF) and Konrad-Adenauer-Stiftung Vietnam on November 10.
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A forum discussing ways to help small- and medium-sized enterprises (SMEs) to accelerate digital transformation took place in Hanoi on November 9.
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