While many people believe that sugarcane farmers will face difficulties after Vietnam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is coordination between the State, scientists, entrepreneurs and especially farmers.
A total of 81% of businesses operating in the manufacturing and processing industries believe that production will continue to recover and prosper in the fourth quarter of the year, according to a survey recently conducted by the General Statistics Office (GSO).
Import and export turnover of domestic enterprises increased significantly, compensating for the decline of FDI enterprises and helping Vietnam maintain the stability of foreign trade amid the Covid-19 pandemic.
The Eurasian Economic Union (EAEU) may enforce a trigger safeguard measure on 12 items from the Vietnamese textile and garment sector in the event that the year’s import volumes exceed the trigger level.
Free trade agreements (FTA) play an important part in boosting trade and commerce and help the Việt Nam's goods and services find new markets, said minister of industry and trade Trần Tuấn Anh in a report yesterday to an inspection committee organised by the National Assembly to overlook the implementation of FTAs that the country has signed.
Vietnam is likely to be the second best performer of economic recovery in Asia-Pacific, said a report recently released by S&P Global Ratings which revised up GDP growths of regional countries this year in the light of reviving trade and consumption.
Under the terms of the EU-Vietnam Free Trade Agreement (EVFTA), it is anticipated that the EU will offer tax incentives for 10,000 tonnes of white sugar and 10,000 tonnes of products containing over 80% sugar, according to the Agro Processing and Market Development Authority (Agrotrade).
The Government issues Decree No. 111/2020 / ND-CP on Vietnam's Preferential Export Tariffs and Vietnam Special Preferential Import Tariffs to implement the EU-Vietnam Free Trade Agreement (EVFTA) for the 2020-2022 period.
According to the Ministry of Agriculture and Rural Development, after more than onemonth of the Vietnam-EU Free Trade Agreement (EVFTA) took effect, the value of agricultural, forestry and fishery exports to EU in August 2020 was US$350 million, up 17% year-on-year.
Africa Market Department under the Ministry of Industry and Trade, Embassy of Saudi Arabia in Vietnam has just sent an official letter to Vietnamese authorities informing the opinion of the Saudi Food and Drug Authority (SFDA) on allowing 12 Vietnamese enterprises to resume their exportation of some seafood products to the Saudi Arabia market.
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