Why international marketing is important

Producing wooden furniture for export at Trieu Phu Loc Furniture Co., Ltd, Tan Uyen town, Binh Duong province (Photo: VNA) Hanoi (VNS/VNA) - Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on 205.6 million USD, up 26.4% year-on-year. Vietnam is followed Malaysia with 101.9 million USD and Indonesia with 61.7 million USD. The proportion of wooden furniture imports from these three markets accounted for 22.9% of the total value of wooden furniture imports into Australia. The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached 28.4 million USD in December, a year-on-year decline of 28.6%. The export value of wooden office furniture reached 370.3 million USD last year, down 15.9% over the same period in 2021. In the structure of wooden furniture exports last year, … [Read more...] about Vietnam leads Southeast Asia in wooden furniture exports to Australia

Acting President Vo Thi Anh Xuan (R) and Brazilian Ambassador to Vietnam Fernando Apparício da Silva. (Photo: VNA) Hanoi (VNA) – Acting President Vo Thi Anh Xuan has hailed outgoing Brazilian Ambassador to Vietnam Fernando Apparício da Silva ’s contributions to consolidating the practical and effective development of Vietnam-Brazil comprehensive partnership during his tenure. During a reception for the diplomat in Hanoi on February 6, Xuan affirmed that Vietnam always wishes to further strengthen its ties with Brazil, one of the top important partners in Latin America. She suggested both nations continue facilitating the exchange of delegations at all levels, especially those at the high level to boost the bilateral relationship.  Vietnamese leaders also wished to welcome Brazilian President Luiz Inacio Lula da Silva to visit Vietnam soon, Xuan said. Speaking highly of the development of bilateral economic and trade ties, Xuan expressed her hope that the two … [Read more...] about Acting President receives outgoing Brazilian Ambassador

Vietnam's tourism suppliers have won top awards in the categories of unique homestay, community tourism associated with local economic development, qualified public toilets, and best ASEAN spa services. The ASEAN Tourism Awards 2023 ceremony was held on February 5 in Indonesia as part of the ongoing ASEAN Tourism Forum 2023 under the theme "ASEAN: A Journey to Wonderful Destinations". A foreign traveler enjoys buying fruits in Cai Be Floating Market. Photo: Mekong Smiles As a result, two groups of host families, one in the Mekong Delta province of Vinh Long and the other in the northwestern province of Lao Cai, received the ASEAN Homestay Award. The first group consists of six establishments: Ut Thuy, Sau Thanh, Nam Thanh, Nam Thanh, Ba Linh, Ngoc Phuong, and Ngoc Sang, in An Binh District, Vinh Long Province, about 140 km from Ho Chi Minh City. The locality is famous for its islets of fruit orchards. The most prominent tourist attractions are the Cai Be … [Read more...] about ASEAN Tourism Awards 2023 honor 14 businesses of Vietnam

Responsible and Sustainable direction giving wings to Vietnamese tourism development The survey results also indicate that up to 57 per cent of respondents said that they have had a different thought about tourism is done, especially because it is related to the local economy, community, culture, and environment. Responsible and sustainable tourism is becoming more important, and the needs and preferences of tourists is also changing. Instead of noisy and prosperous tourist destinations, many people are looking for peaceful countryside and experiences of discovery, close to nature and good for health, in accordance with the projects on development of national parks and protected areas in Vietnam. Among the sustainable tourism models often mentioned in recent years, models that focus on exploiting simple and healthy natural experiences such as agritourism, farmstay, or glamping are special models to attract the attention of both tourists and investors. As a model of farm … [Read more...] about Responsible and sustainable direction giving wings to Vietnamese tourism development

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank (ADB). While trade and investment have fueled remarkable economic growth in Asia in recent decades, it has also led to large increases in carbon dioxide emissions in the region—which is more vulnerable to the effects of climate change than any other. Reversing this trend will require measures such as promoting trade in environmental goods and services, nurturing green businesses, developing carbon pricing mechanisms, and strengthening regional cooperation through trade and investment agreements, according to the Asian Economic Integration Report (AEIR) 2023, released by ADB today. “Asia and the Pacific’s remarkable growth has lifted millions of people out of poverty, but this has come at an environmental cost,” said ADB Chief Economist Albert Park. “The region now … [Read more...] about Sustainable trade and investment key to Asia and Pacific’s green future

Many Vietnamese farmers and enterprises exporting red-flesh dragon fruits to Japan are worried about a new regulation that requires dragon fruit exports to have planting area codes. The difficulty lies in the fact that Japan allows only the LD1 dragon fruit variety, one that belongs to a private company in Long An Province, southern Vietnam. As the regulation has just been issued, many local exporting enterprises will fail to meet it and have to sell their dragon fruit at wholesale markets, suffering huge losses. In mid-January, five shipping containers of some 70 metric tons of red-fresh dragon fruits worth US$190,000 from Yasaka Fruit Processing Co. Ltd., which specializes in exporting fruits to Japan, failed to be shipped to Japan. A phytosanitary center under Vietnam's Plant Protection Department announced that both white- and red-flesh dragon fruit exports to Japan must have planting area codes. Nguyen Trong Trung Dung, deputy director of Yasaka Fruit Processing Co. … [Read more...] about Vietnam dragon fruit exports to Japan impeded by new regulations

When on the shelves of WinMart supermarkets, the product packaging has the O'lala brand, clearly stating the origin is produced by Hoa Phat. — Photo bnews.vn Hoa Phat Group has just signed a contract to process clean chicken eggs for the WinMart supermarket chain. Hoa Phat Phu Tho Poultry One Member Limited Liability Company will supply about 500,000 - 550,000 clean chicken eggs that have been processed into the WinMart supermarket chain through distribution agents on average each month. When on the shelves of WinMart supermarkets, the product packaging has the O'lala brand, clearly stating that the origin is produced by Hoa Phat. Hoa Phat's egg-laying chickens are sourced from Hyline International, imported directly from farms in Australia, the UK and the US. The chickens are raised in accordance to high-tech model at hatcheries, focusing on VietGAP standards to create fresh - clean - safe chicken egg products provided to the market. The leader of the company also shared … [Read more...] about Hoa Phat signs contract to process clean chicken eggs for WinMart supermarkets

Many business exchange activities have been organised to effectively support local firms in exporting their products to foreign markets. — Photo courtesy of MoIT The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency. Localities will get support relating to trade promotion activities in key markets, the official told Sai Gon Giai Phong (Liberated Saigon) newspaper. Support programmes will be devised, aiming to improve the capacity for enterprises to meet the trend of green trade, he said, adding the MoIT will also facilitate the connection between businesses and localities. Attention will be paid to enhancing the effectiveness of the National Brand Programme, thus helping enterprises’ products go deeper into global supply chains. According to the MoIT, the total import-export turnover of Viet Nam … [Read more...] about Trade ministry to support enterprises in boosting exports

Vo Tri Thanh *Vo Tri Thanh Viet Nam achieved and exceeded 14 out of 15 targets assigned by the National Assembly for 2022 with many impressive numbers including GDP growth, export turnover and the number of newly-established and re-opened businesses. Only labour productivity was under expectations. Viet Nam’s labour productivity was expected to increase by between 4.7 per cent and 5.2 per cent on average in 2022, higher than the average growth rate of 4.7 per cent in 2021 but behind the target of 5.6 per cent set for the whole of 2022. On January 10 this year, the Government issued Resolution No 06/NQ-CP on the development of a modern, efficient, sustainable and integrated labour market serving quick socio-economic recovery, setting the average labour productivity target for 2023 at more than 6.5 per cent. Labour productivity is an important economic indicator that is closely linked to economic growth, competitiveness and living standards within an economy. According to … [Read more...] about Viet Nam wrestles with labour productivity issue when heading to innovation-based development