Promising trade with South America
South America is a new market with great export potential, but experts warn of major trade promotion challenges.
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South America is a new market with great export potential, but experts warn of major trade promotion challenges.
The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade.
The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.
Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
The General Department of Vietnam Customs reports that the country's total trade value between January 1 and February 15 was over 72 billion USD, with export turnover at 37 billion USD and a trade surplus of almost 1.7 billion USD.
The Ministry of Industry and Trade (MoIT) considers climate change response and green growth an important long-term task.
A B2B event to connect trade between Turkish and Vietnamese natural stone enterprises to create opportunities for Vietnamese businesses to approach international quality supplies.
The UK-Vietnam Free Trade Agreement (UKVFTA) officially came into force on May 1, 2021. The two countries have seen bilateral trade growth despite the COVID-19 pandemic, and the UK is forecast to remain a promising export market for Vietnamese goods.
Green trade with the EU will benefit Vietnam. In the opinion of economists, however, both enterprises and government agencies must make a sustained effort to adopt green trade standards.
Commercial ties between Vietnam and Argentina are expected to expand in 2023. Ahead of the New Year, Argentine Ambassador to Vietnam Luis Pablo Mara Beltramino spoke with Vietnam Economic News’ Hoa Quynh and Thu Trang.
US companies are seeking new suppliers to minimize risks in supply chains, creating more opportunities for Vietnamese businesses in the post-pandemic era. However, the opportunities also face challenges.