According to the organisers, more than 300 international purchasing delegations from 60 countries and territories will attend the sourcing fair, supported by over 60 Vietnamese trade offices worldwide.
A leader of the Vietnam Leather, Footwear and Handbag Association (Lefaso) highlighted that a 46% tariff would severely affect an industry employing over 1.2 million workers, 90% of whom are women.
In the long-term, enterprises hope that the Government will manage exchange rates flexibly to benefit exports and prioritise reasonable loan quotas for agricultural exports as domestic raw material prices increase.
VASS Vice President Dang Xuan Thanh pointed out the successful models of such countries as the Republic of Korea (RoK) and Japan, which Vietnam can learn from to enhance its competitiveness and integration into global supply chains.
Vietnamese Prime Minister Pham Minh Chinh attended and delivered a keynote speech at the seminar on the future of global trade and development in the smart era, in Davos on January 21 afternoon (local time).
The diversification of global supply chains is creating significant opportunities for Vietnam to engage more deeply in international production networks. However, along with market expansion prospects, there are challenges posed by trade tensions, the reality of climate change accompanied by natural disasters, and the requirements for carbon emissions reduction, according to experts.
Vietnam’s industrial production has continued its rosy signs since late 2023, promising a bright prospect for the country in the time ahead, Deputy Minister of Industry and Trade Phan Thi Thang said at the Government’s regular press conference in Hanoi on August 5.
The Government and businesses must have flexible access to powerful digital technology applications, thus capturing new trends to deeply integrate into the global value chain, said insiders.
Domestic enterprises are suggested taking advantage of global supply chain shifts as Vietnam is emerging as an attractive investment destination for global investors.
Vietnam, the Philippines, Indonesia, Vietnam, India and Thailand are Asia’s little tigers that are set to take flight, wrote Janet Pau, executive director of the Asia Business Council in an article published by the South China Morning Post on February 21.
Minister of Foreign Affairs Bui Thanh Son has highlighted the six priorities the diplomatic sector will focus on in 2023, during a recent interview granted to the press.
Prime Minister Pham Minh Chinh received Chief Operating Officer of Nike, Inc., Andy Campion in Hanoi on December 1, speaking highly of the firm’s contributions to Vietnam’s exports and job creation in the recent past.
Vietnam and India hold great potential for cooperation in establishing supply chains following COVID-19, which has seriously affected both economies over the past two years due to disruptions in regional and global supply chains, according to Indian analysts.
Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Japanese Minister of Economy, Trade and Industry Yasutoshi Nishimura co-chaired the 5th meeting of the Vietnam-Japan Joint Committee on Cooperation in Industry, Trade and Energy in Tokyo on August 23.
Minister of Agriculture and Rural Development (MARD) Le Minh Hoan has suggested building an export market development strategy, where functions and tasks of management agencies are integrated.
The International Finance Corporation (IFC) will help the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) to build a supply chain finance fund of 1 billion USD in the next three years as well as develop support industries and petroleum distribution.
The International Finance Corporation (IFC) and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.
The Ministry of Industry and Trade (MoIT) is carrying out procedures for infrastructure investment for two centres facilitating industrial development in the northern and southern regions, according to the ministry's Industry Agency.
