Experts see US President Donald Trump''s recent tariff hikes on Canada, Mexico, and China as the start of his administration''s trade policies, with potential for broader tariffs.
Deputy Minister of Agriculture and Environment Phùng Đức Tiến talked to Việt Nam News reporter Tố Như about the future development orientation after the ministry officially began operations.
Thanks to the positive results of leveraging tariff preferences from free trade agreements, Việt Nam issued 1.8 million certificates of origin for US$100 billion worth of goods exported in 2024.
Việt Nam aims to become a major global production hub to meet the demands of the international market with a diverse range of competitively-priced and high-quality products, said an official at an export forum which opened on Wednesday.
Shifting to green production and exports would help businesses improve their competitiveness and catch up with global market trends, the 2022 Vietnam Export Promotion Forum has heard.
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank''s board of directors.
Two years after it came into effect, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Viet Nam boost its exports and open the door to trade in the Americas.
Experts believe Viet Nam this year will reach its export target for timber and wooden products at US$12 billion, despite the impact of the COVID-19 pandemic.
International Finance Corporation (IFC) and the Plant Protection Department under the Ministry of Agriculture and Rural Development have signed a memorandum of understanding (MoU) to support the Vietnamese Government’s efforts to expand export markets for its agricultural produce.
Viet Nam’s export value of wood and wood products reached US$1.53 billion in the first two months of this year, marking a year-on-year increase of 10.1 per cent.
Prime Minister Nguyễn Xuan Phuc approved the resumption of imports, exports and transport of goods through three sub-border gates between Viet Nam and China to help local firms.
Viet Nam exported 560,000 tonnes of rice in January 2020, earning US$270.3 million, an increase of 12 per cent in volume and 39 per cent in value month-on-month.
Viet Nam’s export of tra fish is forecast to reach US$2.06 billion this year, decreasing by 9 per cent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).