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.
Processing wood for export. (Photo: SGGP)

Vietnam’s wood industry struggle to prevent trade fraud

According to a market research on wood processing market of Vietnam by Forest Trend, in the first five months of this year, the number of new foreign direct investment (FDI) projects in wood industry totaled 49 projects, of which there were 32 projects belonging to wood processing field.
Workers process shrimps for export at a seafood company. (Photo: SGGP)

Agricultural sector discusses solutions to prevent commercial frauds

The Ministry of Industry and Trade on August 21 collaborated with the People’s Committee of Ho Chi Minh City to hold a conference on ‘The EU-Vietnam Free Trade Agreement (EVFTA): Important commitments in agriculture and remarkable issues’ with attendance of the Minister of Industry and Trade Tran Tuan Anh, the Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Permanent Deputy Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang.
Customers buy goods at a supermarket in District 5 in Ho Chi Minh City. (Photo: SGGP)

Origin fraud causes disorder in domestic market

Consumers are shocked after learning that several electronic products of Asanzo Group were made in China but had been disguised as Vietnamese-made products for years and even were honored as Vietnamese high quality goods. After the truth about Asanzo’s products was exposed, the High Quality Vietnamese Product Business Association said that it has taken away the power to use the certificate of Vietnamese high-quality goods of this company.