The European Commission has scheduled an investigation to examine the imposition of punitive tariffs to protect EU carmakers from Chinese electric vehicle imports. This has triggered a huge response from the body within a few hours. The Chinese government has now also positioned itself.
Fruit and vegetable exports are poised for a record revenue of US$5 billion this year, driven by favourable conditions from the beginning of this year.
According to aggregated data, from August 1 to 15, rice exports reached 456,768 tons, worth more than 155 million USD, down 19.89% in volume over the same period but up 30.81% in value.
The Ministry of Industry and Trade (MoIT) has issued Instruction 07/CT-BCT dated August 15, 2023 on intensifying market information and trade promotion to boost rice exports while stabilizing the domestic market, ensuring the interests of rice farmers.
To secure sustainable export to the EU, Vietnamese enterprises must adopt green production and apply high technology to meet the EU’s strict technical and environmental standards, heard a seminar held in Hanoi on September 19.
The European Green Deal will significantly impact some areas of Vietnam's exports to the EU, and businesses need to be aware of these changes to take advantage of new opportunities.
"Going green" has become an essential requirement and a new rule of the game in both domestic and international markets. The "green passport" has helped businesses overcome barriers and has been an advantage for them to expand their market share.
With steady export growth, Vietnamese farm produce is increasingly meeting market demand in terms of packaging, quality and food safety, which enhances its competitiveness and allows Vietnamese products to gain further access into the global supply chain.