Although challenges lie ahead, there remains room for agro-forestry-fishery exports to increase in 2020, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
Vietnam’s exports should out-perform the rest of South-east Asia in 2020, Maybank Kim Eng economists expect, even as the downturn in regional shipments is likely to bottom out.
The World Trade Organization (WTO) may have reduced average tariffs by nearly half and streamlined world trade in its 25-year history, but the multilateral trading body is faced with the challenge of rising protectionism across the globe, the WTO chief has said.
Vietnam's government needs to help improve the country's textile and apparel export power and competitiveness by building industrial parks specialising in textiles, the Vietnam National Textile and Garment Group (Vinatex) has said.