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Update news FTA
VietNamNet Bridge - Vietnam has become a new attractive destination for beef exporters from all over the world.
Vietnam is a member of the ASEAN Economic Community (AEC), which was established three years ago. However, its businesses are not exploiting the 600 million consumer market.
VietNamNet Bridge - Vietnam’s textile and garment exports to South Korea are expected to increase by 20 percent this year and continue rising in upcoming years.
High anti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) are now key barriers facing Vietnamese shrimp exporters.
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT), in its latest report on global trade and the impact on Vietnam, mentioned the possibility of a trade war and the risks of protectionism.
Having products retailed at foreign distribution chains is a good way to bring Vietnamese goods to the world market. But domestic companies still find it difficult to do.
VietNamNet Bridge - Investors in the textile and garment industry are complaining that local authorities are turning down new textile and dyeing projects for fear of pollution.
Vietnamese products, which have been struggling to compete with Chinese, Thai and South Korean goods, now have to compete with Japanese goods as well.
VietNamNet Bridge - Vietnam has successfully entered many markets after years of negotiations, including choosy ones such as the US, Chile, Japan, Taiwan and New Zealand, according to Le Van Thiet, deputy director of the Plant Protection Agency.
Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models.
VietNamNet Bridge - Amid a massive invasion of foreign goods in the domestic market, experts remain optimistic about the strong rise of some Vietnamese brands.
The current two-way trade turnover between Vietnam and most of the CPTPP member countries is $1 billion or more.
While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.
VietNamNet Bridge - Import tariffs of zero percent and the strong development of the foreign-invested retail chains have cleared the way for foreign imports to invade the Vietnamese market.
With the eagerly anticipated conclusion of talks on the Comprehensive Partnership and Trans-Pacific Partnership’s (CPTPP) in late January, Vietnam embarked on a still more difficult path.
This week, Vietnam exported 2 tons of star apples to the US for the first time. This marked a positive growth of Vietnam’s fruit sector in expanding its export market.
VietNamNet Bridge - Adidas’ tendency of relocating production bases to places near major markets is expected to have adverse effects on Vietnam’s footwear industry.
Vietnam has joined or completed negotiations for 11 free trade agreements (FTAs), bilateral and multilateral, not including the TPP, according to former Minister of Trade Truong Dinh Tuyen.
VietNamNet Bridge - Avoiding the crowded industrial cosmetics market segment, Vietnamese manufacturers are developing organic products. However, the path to success has not been smooth.
Officials from member economies of the Asia-Pacific Economic Cooperation (APEC) forum have highlighted the benefits of establishing competition chapters in free trade agreements (FTAs) and Economic Partnership Agreements (EPAs).