Vietnamese enterprises have been diversely capitalising on the EU - Vietnam Free Trade Agreement (EVFTA) to boost shipments to the EU, an official from the Ministry of Industry and Trade (MoIT) told a seminar held in Hanoi on August 8.

Rising global inflation in several major consumer markets such as the United States, Japan, and the EU, are putting increasing pressure on Vietnamese exporters.

Cambodian authorities will conduct an inspection of instant noodles imported from Vietnam that are alleged to contain banned substances ethylene oxide said to exceed the permit limits set by the EU, according to Vietnam’s Trade Office in Cambodia.

Enterprises in the fisheries sector are facing an export slowdown after strong shipments in the first months of 2022, which may subsequently affect their growth in the time ahead.

Vietnamese Tra (pangasius) fish exports to the EU this year is anticipated to hit over US$200 million by mid-July, with exports of this item to the highly lucrative market likely to reach nearly US$122 million.

To provide a more favourable playground for enterprises to strengthen and access international markets, Việt Nam is on a path to boost institutional improvement. And it is believed that the United Kingdom-Vietnam Free Trade Agreement (UKVFTA) is accelerating the process, said experts.

Experts urged wood exporters to diversify markets, standardise supply chains and be well equipped with trade defense knowledge in the face of increasing trade protectionism.

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The US Department of Commerce (DOC) has officially initiated an investigation into trade remedy tax evasion on a number of steel pipe products imported from Vietnam, according to information given by the Trade Remedies Authority of Vietnam (TRAV).

As every aspect of modern life becomes more and more digitized, not just the economies of nations but their sovereign influence will rely more and more on the command of technology.