The southern business community suggested more cuts in export procedures as among solutions to spurring Vietnam’s exports in the remaining months of 2016 at a conference in Ho Chi Minh City.
HCM City (VNA) – 🔜The southern business community suggested more cuts in export procedures as among solutions to spurring Vietnam’s exports in the remaining months of 2016 at a conference in Ho Chi Minh City on July 19.
Sharing the businesses’ views, Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the administrative reform needs to be hastened since it is essential to production and export activities.
The official cited regulations on the import of materials and additives serving seafood production and processing that cost firms both time and money to clarify his opinions.
Huynh Van Hanh, Vice President of the Ho Chi Minh City Handicraft and Wood Industry Association, also listed a string of difficulties facing the wood sector such as high export duty and limited access to bank loans.
Nguyen Minh Toai, Director of the Can Tho City Department of Industry and Trade, proposed the Ministry of Industry and Trade (MoIT) coordinate with the State Bank of Vietnam to set forth mechanisms and policies on interest rates to support enterprises.
Businesses should be updated with information about integration as well as free trade agreements to which Vietnam is a signatory, he said.
MoIT Minister Tran Tuan Anh said that the ministry’s Export-Import Department will hold working sessions with associations to implement export promotion programmes, remove difficulties facing businesses and help them raise their competitiveness.
The country’s export turnover in the first half of this year hit 82.13 billion USD, representing a year-on-year rise of 5.7 percent.
However, Vietnam’s export to several markets such as Eurozone, Japan, the US, China, India and a handful of newly-emerging economies is experiencing a downward trend during the reviewed period.
According to the ministry, the signing of new-generation free trade agreements this year, especially the Trans-Pacific Partnership (TPP) agreement and a free trade agreement between Vietnam and the EU, is expected to exert positive impacts on Vietnam’s exports while opening up opportunities for the country for expand its market in the time ahead.-VNA
Prime Minister Nguyen Xuan Phuc asked the Ministry of Industry and Trade to achieve a 10 percent export growth this year, during a conference reviewing the sector’s six-month activities on July 12.
A seminar to disseminate information on the free trade agreements (FTAs) Vietnam has signed was held on July 14 in the Mekong Delta province of Tien Giang.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Illustrative image (Source: VNA)
