Trade - Service

Rising global demand for food is offering opportunities for Vietnam’s farm exports this year.

Held in a hybrid form of both online and offline meetings, the event draws the participation of over 3,000 senior officials and business leaders from 57 countries and territories who have registered to take part in the SABS 2022.

The current high petrol prices mean the chance of survival for transportation companies are very slim without jacking up ticket prices.

The two sides are expected to continue working on major projects with high spillover effects, including transport infrastructure, healthcare, education, climate change resilience, and digitalization.

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.

The online booth Vietnam Pavillion on Alibaba is dedicated to Vietnamese products and goods, including top quality brands that have been successful in the international market.

Both countries have huge potential for cooperation in various fields, especially in trade and investment.

This year, Vietnam targets to welcome 65 million tourists, including five million from aboard, for revenue of VND440 trillion ($19.2 billion).

Credit loans would be provided for major petrol trading companies under the list of the Ministry of Industry and Trade, especially those who have been instructed to raise their petrol imports in the coming months.

The Vietnamese Government aims to turn macadamia into a strong export commodity.

The UKVFTA has created strong spillovers, not only in trade but also in investment from the UK to Vietnam and vice versa.

The construction is part of Hanoi’s efforts to become a major logistics hub of the country and Southeast Asia.

Under the move, the retail price of fuels would see a reduction of VND2,200 per liter (including the value-added tax) and VND1,100 for diesel.

The cold storage industry could soon outgrow its niche market status and become a key industrial field within a few years.

The price of RON95 rose by nearly VND3,000 per liter to an all-time high of VND29,820.

Vietnamese cashew nut gains popularity in Italy thanks to quality.

Alternative dispute resolution will be helpful for local firms after Vietnam signed over 60 bilateral investment treaties and free trade agreements.

Vietnam gives priority to bolstering partnerships in various fields for the benefit of the two countries.

Seafood currently makes up 18% of Vietnam’s total exports of agro-forestry-fishery products, with the US being the largest buyer for 23% of the total market share.

Vietnam has risen to become the ninth-largest trading partner of the US and the two sides' economic relationship between is expected to continue its rapid growth.