Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.
Indonesia aims to build nuclear power plants for cleaner energy, Presidential Special Envoy for Climate and Energy Hashim Djojohadikusumo said at a recent energy forum.
The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists.
A delegation from the Cashew Exporters Association of Ivory Coast (AEC-CI) held a working session with representatives from the Cashew Association of Binh Phuoc province on December 7 on cooperation possibilities between the two sides.
According to the Federation of Malaysian Manufacturers (FMM), Malaysia benefits from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with better market access for its exports.
The trademark “Vietnam Rice” has by now been protected in 22 foreign countries, the Ministry of Agriculture and Rural Development reported, urging for the issuance of a legal document managing the use of the trademark.
According to the Vietnam Food Association (VFA), the price of Vietnamese rice has increased since mid-July, and exceeded Thailand’s to become the highest in the world for some types.
The Department of Agriculture and Rural Development of Dong Thap province is working with the Department of Industry and Trade to help fishery businesses enter countries that have signed free trade agreements with Vietnam as demand has fallen due to COVID-19.
The wood industry is facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).
Around 500 tonnes of Vietnamese products, including coffee, instant noodle, sweet potato, cabbage, pineapple, watermelon, and dragon fruit, were exported to Singapore in March, according to the Vietnamese Commercial Affair Office in Singapore.
Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major projects in the pipeline.
Indonesia’s 2018 crude palm oil output is set to climb by 4-6 million tonnes from last year to 40-42 million tonnes, said an official from an industry association.
Vietnam’s Consulate General in Perth and the West Australian Vietnam Business Council (WAVBC) on July 13 held a workshop to promote multifaceted cooperation between Vietnam and the Western Australian State, especially in the field of business.
Local exporters were introduced to a string of safeguards measures applied in foreign markets and an early warning system that could help them avoid possible risks.
Vietnam’s garment-textile sector still plays a passive role in the global supply chain (GVC) as they mainly specialise in straightforward production stages without studying market demands.
