With the signing of the Regional Comprehensive Economic Partnership (RCEP), member countries in the region, like Vietnam, will have more convenient transportation. The RCEP is expected to increase the export value of Vietnam's agriculture, especially fresh fruits and vegetables, thanks to the reduction in storage and logistics costs.
Five months after the EU-Vietnam Free Trade Agreement (EVFTA) took effect, many agricultural export products increased in both volume and value. However, some key export products of Vietnam have not taken advantage of the EVFTA yet, such as cashew, honey, and sugarcane industries.
According to the Ministry of Agriculture and Rural Development (MARD), after implementing the EU-Vietnam Free Trade Agreement for two months, the export of agricultural products to the EU has seen positive changes with the total agricultural export value from August 1 to the end of September estimated at US$711 million.
The market of countries in the ASEAN currently is the fourth largest industrial trade partner of Vietnam after China, the US, and South Korea. Despite many incentives, enterprises have not focused on exploiting this market to promote exports.
Farmers in Myanmar are showing concern about impacts of the acute respiratory disease caused by the novel coronavirus (nCoV) on their exports to the Chinese market.
The Trade Promotion Agency under the Ministry of Industry and Trade on November 13 held several activities for market connection and investment cooperation for more than 450 enterprises from 29 cities and provinces in Vietnam and 23 countries and territories in the world in Ho Chi Minh City.
