Vietnam moved up four grades to become the second largest exporter to the US in 2020, with its export turnover to the country surging 24.5 percent to an estimated $76.4 billion.

The export of Vietnamese goods via the distribution networks of foreign retailers has proven to be an effective and sustainable channel, Deputy Minister of Industry and Trade Do Thang Hai told a recent conference in Hanoi.

With the demand for quality food products surging during the Covid-19 pandemic, Vietnamese consumers are leaning toward local food as it has a clear origin, it was announced at a food event held on December 9.

The 29th WorldFood Moscow international trade fair for food and beverages has been held in the Russian capital. 

The top 10 most valuable brands in Viet Nam 2020 are worth US$8.1 billion, increasing by 17 per cent from last year and accounting for 30 per cent of the list’s total value, according to Forbes Viet Nam magazine.

Experts have urged Vietnamese exporters to shift their attention to neighbouring ASEAN markets given that COVID-19 continues to wreak havoc on major markets such as the EU and the US, a recent conference heard.

The Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam announced that 12 trade remedy cases were initiated by foreign countries and territories for Vietnamese goods in the first six months of this year.

Experts have suggested Vietnamese enterprises improve product quality standards to overcome barriers imposed by the fastidious yet promising EU market, thus optimising the advantages to be generated from the EU-Vietnam Free Trade Agreement (EVFTA).

A transport route connecting Quy Nhon Port in the south-central province of Binh Dinh with Northeast Asian countries is to open on June 3.

Inflated logistics costs were hampering the competitiveness of Vietnamese goods, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

The COVID-19 pandemic has already made it quite difficult for Vietnamese goods to enter the US and EU markets and the outlook for the second quarter is also gloomy, according to Cong Thuong (Industry & Trade) newspaper.

While Vietnamese goods have become more popular in the domestic market, there's still a long way to go before local products rule the roost.

Online Friday 2019, the sixth of its kind, is scheduled to be held on December 6 under the theme "Super discount - Genuine goods", promising huge deals and hundreds of genuine products.

Vietnamese products are attractive to foreign distribution channels as lots of purchase departments of foreign distribution channels have arrived in Vietnam to speed up purchasing contracts with local enterprises.

Vietnam’s exports have enjoyed significant expansion in terms of market scale and commodity structure, thereby making an outstanding contribution to the growth of the country’s export turnover.

National brand Vietnam Value has risen in value by US$12 billion over last year to US$247 billion, according to the UK's brand valuation consultancy Brand Finance.

Vietnam exported 194.3 billion USD worth of products in the first nine months of the year, a year-on-year surge of 8.2 percent.

A circular on "Made in Vietnam" products is expected to help businesses avoid accusations of fraud, said Deputy Minister of Industry and Trade Tran Quoc Khanh at a conference in Hanoi yesterday.

‘Made in Viet Nam’ products are required to have a localisation rate of 30 per cent and be partly produced in Viet Nam.

Nguyen Manh Dung, CEO of Namilux, one of the leading gas stove manufacturers in Vietnam, said his company tied up with a Japanese partner and has adopted Japanese standards in its production for nearly 20 years.