The domestic textile and garment industry faced an export value reduction in the first four months of this year due to difficulties in production due to the COVID-19 pandemic.
The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic.
Some 81 percent of members of the Vietnam Business Council for Sustainable Development (VBCSD) will strengthen sectoral links to prevent their supply chains from suffering any future disruption caused by a disaster similar to the COVID-19 pandemic, a survey has found.
Rice exports to China skyrocketed throughout March as their export value experiencing a four-fold increase in comparison with the same period from last year, according to the Agro Processing and Market Development Authority.
Viet Nam's export value saw a year-on-year increase of nearly 5 per cent to an estimated US$82.94 billion in the first four months of this year despite the COVID-19 pandemic, according to the General Statistics Office (GSO).
The National Assembly (NA) Standing Committee has agreed with a proposal of the State President that the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will be submitted to the upcoming 9th NA session for approval.
The US Department of Commerce (DOC) has lowered anti-dumping duties on tra fish (pangasius) products from Việt Nam following the official conclusion of its 15th period of review (POR15) from August 1, 2017 to July 31, 2018, according to the Trade Remedies Authorities of Vietnam under the Ministry of Trade and Industry (MoIT).
Key industries like textiles, footwear, electronics, food and seafood processing must be prioritised for support in the “new normal” situation, said Trương Thanh Hoài, director of the Department of Industry.
With the Vietnam-EU Free Trade Agreement (EVFTA) set to take effect in July after gaining the approval of the National Assembly, the pact is set to open up a wealth of opportunities for local businesses to boost production and exports, although some believe that there are potential risks of trade conflicts occurring.
Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.
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