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 conference in Hanoi on December 17.
Vietnam’s total export revenue is forecast to reach US$267 billion in 2020, up 1% while import revenue isexpected to hit US$260 billion, up 2.6% over the previous year.
Eurasian Economic Union (EAEU) countries pledged to provide a tariff quota of 10,000 tonnes of rice from Vietnam next year under the Vietnam-EAEU Free Trade Agreement.
The Vietnam Trade Promotion Agency (VIETRADE) has recently launched the Info Viet-Trade Portal to facilitate international trade procedures in Vietnam.
Vietnam is facing an increasing risk of trade defence lawsuits as exports expand after the country's active international integration and participation in free trade agreements (FTAs).
Incentives brought about by the implementation of the impending UK-Vietnam Free Trade Agreement (UKVFTA) are expected to assist Vietnamese rice exporters in increasing their market share in the UK, according to experts.
Vietnamese tuna appears ideally placed to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA), with shipments rising 0.5% year-on-year to US$126 million during January-November despite COVID-19.
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