Import and export activities in January reached a high rate compared to the same period last year, mainly due to Samsung boosting the export of mobile phone products with the new S21 version and the Lunar New Year last year fell in January.
Of the six ASEAN nations, only Vietnam posted an increase in exports for 2020, up 7% to US$282.66 billion, according to The Straits Times.
The nation’s electronics exports have been booming following a period of consistent foreign investment into the sector, HSBC have stated in a recent report.
Vietnam remains an attractive investment destination in Asia, wooing over 300 foreign enterprises to invest or expand their investments in the country during January, the Ministry of Planning and Investment reported.
The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam Office) has expressed the country’s concern over Brazil’s application of regulations that go beyond international practices on shrimp and tra fish imported from Vietnam.
Cambodia is in the process of re-considering its decision to temporarily ban four types of imported farmed fish from the nation following a request made by the Vietnamese side.
Vietnamese firms must improve product quality, strictly follow the rules of origin and ensure food safety to export goods to the UK under the recently signed UK-Việt Nam Free Trade Agreement, speakers said at a seminar on Thursday in HCM City.
Vietnam and Ukraine on January 25 discussed measures to remove hurdles and facilitate bilateral trade cooperation at the 15th session of the Intergovernmental commission for economic - trade and scientific - technological cooperation between the two countries.
Vietnam’s footwear sector is now beginning to see positive signs after export revenue for footwear and handbags fell 11 percent year-on-year to 19.5 billion USD in 2020, making it one of the sectors hardest hit by COVID-19.
Following the implementation of several bilateral and multilateral free trade agreements (FTAs), along with a number of impending FTAs, Vietnamese products have enjoyed a number of comparative advantages when gaining entry into demanding markets, according to the Ministry of Industry and Trade (MoIT).
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