Ministry of industry and trade

In the first eight months of this year, agro-forestry-fishery exports totaled US$26.15 billion, representing a year on year drop of 0.9 percent, according to the ministry report. Export revenue of major agricultural products was estimated at nearly US$12 billion, down 3.2 percent; husbandry at US$250 million, down 25 percent; seafood products at US$5.2 billion, down 5.3 percent; and major forest products at more than US$7.8 billion, up 10.3 percent. … [Read more...] about Agro-forestry-fishery exports record trade surplus

It will effectively conduct State management over markets via appropriate tools and mechanisms and eradicate smuggled, fake, and banned goods and those that violate intellectual property in 90 percent of business establishments in cities and provinces by 2025. … [Read more...] about Domestic trade to contribute 13.5 percent of GDP by 2025

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

The ministry has also targeted boosting investments in agriculture and rural development; applying hi-tech methods in the production, processing, preservation and circulation of products to improve their quality and reduce their prices and diversifying processed food products so that consumers can get enough nutrients at appropriate prices. … [Read more...] about Ministry asks for improvement in rice export management

The lack of consistent policies harms Vietnam’s automobile industry in the eyes of overseas players, Photo: Duc Thanh Truong Hai Auto Corporation (THACO) has told VIR of its wide range of new policies to boost sales and increase exports to mitigate the effects of the pandemic. Its strategy is centred on producing spare parts and exporting completely-built units while using the domestic market as a base for exports. … [Read more...] about Auto industry steers strategy towards wider supply chains