The production of dairy products at Nutifood. (Photo: SGGP)

Vietnamese enterprises aim at billion-US-dollar markets

Regarding the export target of above US$285 billion this year, an increase of 8 percent over last year, many enterprises said that this target is hard to achieve, especially amid the context that many markets have been putting up several technical and trade barriers for goods exported from Vietnam.
Producing handicrafts for export in Hoc Mon District in Ho Chi Minh City. (Photo: SGGP)

Export turnover might reach target this year

According to the Ministry of Industry and Trade, up to now, export turnover has hit US$264 billion, a short of $4 billion to achieve the export target set for this year. However, the ministry said that the country will meet that goal when the year 2019 ends.
Producing electronic components at Nidec Tosok Company in Ho Chi Minh City. (Photo: SGGP)

FDI capital not easy to absorb

Several experts suggested that the Government should focus on supporting some potential Vietnamese enterprises in electronics and micro-electromechanical system sector to create opportunities for these enterprises to develop and play the leading role in domestic electronics market, especially household electric and electronic products.
Wood exports increase thanks to foreign investment

Wood exports increase thanks to foreign investment

According to the Ministry of Agriculture and Rural Development, for making use well of free trade agreements, in the first ten months of this year, export turnover of Vietnamese wood and wood products to the US posted strong growth compared to the same period last year with export value reaching US$4.2 billion, an increase of 34.5 percent.
  Producing electronic components at Nidec Tosok Company in Tan Thuan Export Processing Zone in Ho Chi Minh City. (Photo: SGGP)

Vietnamese market attractive to foreign enterprises

The Ministry of Industry and Trade has recently cooperated with relevant departments to organize an event to promote export and connect market for domestic and foreign enterprises, attracting 850 enterprises from 20 countries and territories.
In 2017, the garment-textile sector raked in $31.2 billion from exports, a year-on-year rise of 10.23 percent (Photo: VNA)

FTAs help garment-textile firms diversify export markets

Free trade agreements (FTAs) that Vietnam has signed and is going to sign have helped local firms diversity their export markets, according to Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang.
Engine manufacturing for exports to ASEAN (Photo: SGGP)

Businesses need to take initiative in exploiting FTA tax incentives

Statistics by the Export Import Department under the Ministry of Industry and Trade show that only 35 percent of Vietnam’s export commodities are making the most of tax incentives from free trade agreements (FTAs) which the country has participated in.