Wood exports to fall short of expectation
(Jun 29, 2016)
The export revenue of timber and woodwork products is projected to
reach US$7.4 billion, $200 million less than the target set for the
sector this year.
The local retail community has asked the Government to develop policies
to help the industry compete with foreign counterparts as a more liberal
trade environment has intensified competition in recent years.
Registration of geographical indications (GIs) is a good way to protect
trademarks, improve a business' position in the world market and easily
enter demanding markets, including the EU, experts said.
Vietnamese firms should learn more about trade defence instruments
allowed under the WTO and jointly use them to protect themselves, a
seminar heard in HCM City yesterday.
Cuban and Vietnamese firms met yesterday at an event held by the Embassy
of Cuba in Viet Nam and by the Viet Nam Chamber of Commerce and
Industry (VCCI) to seek business opportunities and enhance co-operation.
Interflour, one of the largest flour millers in Asia, has started
to build its first malting plant in Viet Nam to meet the demands of
domestic beer companies.
Nearly 100 overseas Vietnamese businesspeople gathered at a forum
in Melbourne, Australia, on June 28 to explore investment opportunities
in Viet Nam.
Viet Nam has continuously been listed among the world's top 30 fastest
emerging global retail markets since 2008, according to the Global
Retail Development Index (GFDI) ranking.
Ha Noi will give priority to improving its business climate and
competitive capacity, aiming to be among the top 10 localities
nationwide in the Provincial Competitiveness Index (PCI) by 2020.
Viet Nam's GDP growth expanded an estimated 5.52 per cent in the first six months of the year, down from 6.32 per cent over the same period last year.
A minister said the British vote to leave the European Union (EU) would
not have immediate impacts on Viet Nam, but long-term impacts must be
taken into account.