Hanoi (VNA) - Vietnamese exporters should further exploit the 28-member European Union to increase their market share in the promising region, Vietnam Trade Counsellor in Germany Bui Vuong Anh has said. Addressing a conference on trade promotion to the European market held by the Ministry of Industry and Trade (MoIT) held on November 25, he noted that Vietnam’s exports account for only 2 percent of European imports. Major exports from Vietnam with advantages in the market include agricultural and aquatic products, processed foods, footwear, garments and textiles, and some high value-added product categories, such as electrical products, electronics, telephones, equipment, and machinery. Anh said there is still room for Vietnamese exporters and advised enterprises to optimise their advantages in agricultural and aquatic products, garments and textiles, and footwear to quickly increase market share in the region. For seafood products, enterprises should pay attention to origin … [Read more...] about Exporters advised to further tap into European market
Advantages of garment dyeing
Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) will make every endeavour to support Korean enterprises and attract high-quality investment from the Republic of Korea (RoK), Minister Tran Tuan Anh told a workshop hosted by the MoIT in Hanoi on November 26. The workshop was an opportunity for the MoIT and Korean firms to chalk out ways to foster investment and strengthen the multifaceted relations between the two countries. The MoIT has pioneered in providing assistance to entry of Korean experts into Vietnam amid challenges posed by the COVID-19 pandemic, he said, adding that so far, more than 10,000 Korean specialists have been sent to Vietnam this year to work for FDI projects. They are important to ensure the normal operation of the FDI businesses, including those of the RoK, in Vietnam, Anh said. Vietnam has advantages and opportunities to create breakthroughs in the near future as the country has basically brought the pandemic under control and gained increasing … [Read more...] about MoIT pledges to do its best to support Korean firms: Minister