It is forecast that in 2022, Vietnam's rubber exports to major markets will continue to increase, especially China will still be the largest rubber export market of Vietnam.
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The Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade (MoIT) and trade associations need to devise solutions together to address the congestion of farm produce at border gates, Minister of Agriculture and Rural Development Le Minh Hoan has said.
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Vietnam occupied over 10 percent of share in the world footwear market for the first time in 2020, accoding to the World Footwear Yearbook 2021.
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Rising logistic costs are hindering exports, putting firms at risk.
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That Russia is excluded from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will pose certain but possibly temporary difficulties for payments of Vietnam’s trade transactions, and agricultural traders will find out new payment methods soon, insiders said.
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The West cutting Russia off the Society for Worldwide Interbank Financial Telecommunication or SWIFT is unlikely to produce a significant impact on Việt Nam and Vietnamese businesses, said industry experts and banking regulators.
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An inter-ministerial working group has been established to operate and upgrade the Vietnam Free Trade Agreement Portal (FTAP) for 2021-2025 with a vision towards 2035.
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Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.
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HCM City plans to speed up digital transformation to achieve its goals of becoming a digital government and smart city this year.
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Given numerous difficulties predicted for fruit and vegetable sale both at home and abroad in 2022, Vietnamese businesses have been recommended to improve processing and expand their market right from the year’s beginning, the Nhan dan (People) daily reported.
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