The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).
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Vietnam is gaining a stronger foothold in the EU market, though the COVID-19 wreaked havocs on both sides, after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
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A strategy for developing agricultural mechanisation and agro-forestry-fishery processing has been approved, aiming to turn Vietnam into one of the top 10 agricultural processing centres in the world by 2030.
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Vietnam has surpassed the Republic of Korea to become the world’s sixth largest fibre and yarn exporter after shipping abroad 2.37 billion USD worth of these items in the first five months of 2022.
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The export turnover of Vietnam's agricultural products to the EU has been still low compared to Vietnam's export potential as well as the EU's import demand.
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The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development will step up support for the Vietnamese business community to effectively exploit opportunities from the Regional Comprehensive Economic Partnership (RCEP), contributing to export promotion and economic development.
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In the first half of 2022, businesses made good use of FTAs, especially new-generation FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Vietnam-EU FTA (EVFTA) to promote exports.
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Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
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Vietnam is eying great opportunities in exporting aquatic products to the Japanese market thanks to the high level of openness of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to insiders.
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Australia’s Anti-Dumping Commission (ADC) has decided not to continue to impose anti-dumping duties on aluminum extrusions originated from Vietnam and Malaysia.
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