Chinese yarn behemoth Texhong is shifting its production line to Vietnam, partly fuelled by the US boycott on cotton items originating from Xinjiang province in China.
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Amid Vietnam's goods export to many traditional markets facing difficulties, the Ministry of Industry and Trade said the expansion and development of trade cooperation with new potential markets in the Middle East andAfrica is one of the solutions that Vietnam needs to employ.
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The Ministry of Industry and Trade (MoIT) has submitted a draft circular on 'Vietnamese products and goods' and 'products and goods made in Việt Nam'.
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The EU-Vietnam Free Trade Agreement (EVFTA) has opened up a wealth of opportunities for companies on both sides looking to profit from an already thriving trading partnership, particularly in the agri-food sector.
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Việt Nam is continuing its institutional reform commitments made in the historic EU-Việt Nam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
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As many as 56 per cent of EU businesses have plans to expand operations in ASEAN, a slight decrease from 61 per cent in 2019, according to the sixth Business Sentiment Survey published on October 8 by the EU-ASEAN Business Council, the primary business body for European businesses in ASEAN.
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Technological innovations and administrative reforms are key to boosting productivity for small and medium – sized enterprises (SMEs), which is critical to accelerating post-pandemic recovery.
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Vietnam stands out as the only ASEAN economy to achieve positive growth in 2020 and rebound to an 8.1 percent growth rate in 2021 – the highest in Asia, the Hong Kong Shanghai Banking Corporation (HSBC) said in a recent report.
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As of September, 31.8 million above-15-year-old labourers in Việt Nam were negatively affected by the COVID-19 pandemic with either job losses, reduced working hours and income or rotational leave, according to the country’s statistics bureau on Tuesday.
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Vietnam and the United Kingdom are speeding up negotiations on a new-generation free trade agreement between the two sides, which is expected to be completed at the end of this year.
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