Rice was one of the agricultural export highlights during the period. Nguyen Quoc Toan, Director of the MARD's Agro Processing and Market Development Department said that despite the decreased export volume, rice export value in this period reached US$2.2 billion, a year on year increase of 10.4 percent thanks to high export prices, averaging US$488 per tonne. … [Read more...] about Agro-forestry-fishery exports record trade surplus
Ministry of industry and trade
Domestic trade to contribute 13.5 percent of GDP by 2025
At a meeting reviewing the 2016-2020 socio-economic developmentplan, the MoIT said the domestic market played an important role in goods consumption, contributing to poverty reduction and ensuring social welfare, evidenced by a growth of nearly 9.2 percent in retail and services revenue in the last five years. … [Read more...] about Domestic trade to contribute 13.5 percent of GDP by 2025
EVFTA: Opportunity for Vietnam-Netherlands trade cooperation
Hanoi (VNA) – Benefits generated by the EU-Vietnam Free Trade Agreement (EVFTA) and challenges to Dutch investors in Vietnam are among the topics discussed at a virtual forum on September 9. The event was jointly held by the Vietnamese Ministry of Industry and Trade (MoIT), and the Confederation of Netherlands Industry and Employers (VNO-NCW). Deputy Minister of Industry and Trade Hoang Quoc Vuong highlighted the strong developments of the Vietnam-Netherlands trade and investment ties over the past time, and proposed ways to step up the links through optimising advantages of the EVFTA. Lawyer Joost Vrancken Peeters, Chairman of the Netherlands Vietnam Chamber of Commerce, briefed the participants on the deal and outcomes of an online study on the demand for investment movement and supply diversification of investors from the Netherlands and the EU. The forum focused on issues regarding production, manufacturing, export-import, logistics, customs, visa and human resources. … [Read more...] about EVFTA: Opportunity for Vietnam-Netherlands trade cooperation
Ministry asks for improvement in rice export management
The department was also asked to cooperate with the departments of foreign and domestic markets and the Department of Ecommerce and Digital Economy to develop a database of food safety and provide forecasts about the consumption trends of food and foodstuffs by foreign markets. … [Read more...] about Ministry asks for improvement in rice export management
Auto industry steers strategy towards wider supply chains
- By the end of 2020, the supporting industry for automobile manufacturing was aimed to be established. Vietnam will strive to meet 30-40 per cent of the value of spare parts and components needed for domestic manufacturing and assembly of automobiles, fabrication of important parts of actuators, gearboxes, and engines (especially for passenger cars and light trucks), and the country will gradually be involved in the global supply chain of components and spare parts. … [Read more...] about Auto industry steers strategy towards wider supply chains
