The US and Japan imported garments and textile products worth US$15 billion from Việt Nam in 2016, the Việt Nam Textile and Apparel Association (Vitas) has said.
Vietnam has consistently rated poorly in global measures of domestic private sector development, a key to the country’s future economic success.
Behind Vietnam’s strong economic growth and widespread national development, there is an engine of increasing foreign direct investment.
The Vietnam government has announced plans to invest heavily in perfecting the country’s intensive shrimp farming operations and expand production significantly over the next few years.
The government has approved a plan to develop a national rice brand by 2020, aiming to improve marketing capability and competitiveness.
APEC forum will hold its first event of 2017 with the Senior Officials Meeting (SOM1) to be held from February 18 to March 3 in the central coastal city of Nha Trang.
The Japan Fisheries Agency plans to control catches of Pacific Bluefin tuna, a fish species under threat of extinction, by applying the total allowable catch (TAC) system.
China remained Vietnam’s biggest trade partner in the first month of 2017, followed by the Republic of Korea (RoK) and the US, according to the General Department of Customs.
Experts have advised tra fish businesses to focus on the Asian market, particularly China and countries from the ASEAN in 2017.
The Vietnamese government’s latest effort to further accelerate administrative reform to the levels of ASEAN’s strongest economies has received the thumbs-up from international experts.
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