Vietnam’s peppercorn exports to Germany face various obstacles due to the ravages of COVID-19 in many countries across the globe, according to the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade.
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Vietnam intends to issue a new decree to regulate cross-border e-commerce deliveries amidst the e-commerce boom.
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After the EU-Vietnam Free Trade Agreement was put into place one year ago, Vietnamese businesses have begun to optimise opportunities brought by the deal.
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Some of Vietnam’s major export products are threatened to lose access to their usual markets as ocean freight costs continue to skyrocket.
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Vietnamese agricultural product exporters that want to establish long-term business relationship with the UK need to have appropriate strategies, and approach potential partners in order to take advantage of export opportunities to this important market – the second biggest economy in Europe, advised Nguyen Canh Cuong, Vietnamese Trade Counselor in the UK, at a recent consulting webinar.
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As an active member of the Association of Southeast Asia Nations (ASEAN) and a reliable partner of Russia, Vietnam is ready to serve as a bridge connecting Russia and the Eurasian Economic Union (EAEU) with ASEAN nations, Vietnamese Minister of Industry and Trade Nguyen Hong Dien said.
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While the investment flow from traditional partners has shown signs of slowing down, the exploration of new markets will help Vietnam maintain success in attracting foreign investment.
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Vietnam will promote cooperation with partners in the ASEAN Smart Cities Network (ASCN) while working with relevant agencies and localities to increase development chances, especially technological application in the COVID-19 fight, the Ministry of Construction said at the fourth annual meeting of the ASCN which was held in the form of videoconference on August 30.
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Singapore became the largest foreign investor in Vietnam in the first eight months of 2021 with total investment capital of US$6.2 billion as of August 20, accounting for nearly 32.5% of total foreign direct investment (FDI) in Vietnam.
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Deputy Prime Minister Pham Binh Minh has asked relevant ministries and agencies to take solutions to push ahead with national and ASEAN one-stop-shop mechanisms.
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