Over the longer term, the Thai government plans to introduce legal reforms that will impose tougher penalties on companies found guilty of origin fraud.

Vietnamese investors pumped nearly 664.8 million USD into 164 new projects and 26 existing ventures abroad in 2024, up 57.7% in value as compared to the previous year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The 100 most valuable Vietnamese brands in 2024 were honoured at a ceremony held by Consultancy Vietnam Brand Purpose and global consultancy Brand Finance in Ho Chi Minh City on October 11.

The southern province of Ba Ria – Vung Tau shipped over 1.25 billion USD worth of products abroad in the first two months of this year, a year-on-year increase of 10.5%, according to the provincial Department of Industry and Trade.

President Vo Van Thuong visited the Military Industry and Telecoms Group (Viettel) in Hanoi on February 1, asking it to sustain its role as leading enterprise of the country and a State-owned business model.

As the Mid-Autumn Festival fast approaches, mooncake bakers, especially those in major cities like Ho Chi Minh City, have been swimming in new orders. In addition to traditional offerings, creative new varieties have also been introduced not only to satisfy the tastes of picky customers but also to aim for foreign markets.

Authorities of the northern province of Quang Ninh have taken a series of trade connection activities to support businesses and cooperatives in the locality in promoting the stable sale of local products in the domestic and foreign markets, towards sustainable export.

Registration for the protection of intellectual property rights of Vietnamese enterprises abroad is on the rise, contributing significantly to the process of entering foreign markets as well as promoting products.

With a total longan area of some 5,000 ha, Hung Yen province is considered Vietnam’s “longan capital”. In addition to selling the product to traders, growers in Hung Yen also give visitors a chance to spend time at their orchards and enjoy their fruit.

Despite a downturn in the export of aquatic products in the first month of 2023, local exporters remain optimistic that the market will recover from the second quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).

Over past years, the agricultural sector in Hanoi and other localities have implemented solutions to improve the value of farming produce while promoting consumption in domestic and foreign markets.

Taiwan (China), Japan and the Republic of Korea (RoK) have re-opened their labour makets to Vietnamese labourers and apprentices, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA)’s Department of Overseas Labour Management.

Hanoi’s handicraft has ample room for growth and huge export potential and products must meet international requirements to enter foreign markets.

Specialty tea grown in the northern province of Thai Nguyen has obtained collective trademark protection in the US, mainland China, Taiwan (China) and Russia, setting the scene for the product to gain a stronger foothold in the global market.

Vietnamese firms should attach more importance to registering for intellectual property protection in foreign markets if they wish to develop brands abroad, according to the National Office of Intellectual Property (NOIP).

Despite the COVID-19 pandemic wreaking havoc on all sectors, Vietnam’s dairy industry has made efforts to win over customers and solidified its foothold in the domestic market while reaching out to global markets.

Foreign markets such as Japan, Germany, and Taiwan (China) have moved to welcome Vietnamese workers yet again, according to the overseas labour management department at the Ministry of Labour, War Invalids and Social Affairs.

The Philippine government is planning to borrow more from domestic and foreign markets to finance the budget deficit this year, due to the economic slowdown triggered by the COVID-19 outbreak.

Vietnamese businesses have invested nearly 440 million USD abroad since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.