Hanoi (VNA)🙈 – A seminar has been recently held in Hanoi to discuss developing sustainable export in the context of free trade agreements (FTAs) implementation.
Speaking at the event, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency Le Hoang Tai said under the impact of the COVID-19 pandemic over the past two years, the agency has actively used modern technology and launched digital transformation in trade promotion activities.
In order to help firms penetrate markets effectively, the agency and the Vietnamese trade offices abroad held over 60 sessions to offer consultancy to them, especially those related to capacity and technological transfer, he added.
Vuong Duc Anh, Chief of the Office of the Vietnam National Textile and Garment Group (Vinatex)’s Board of Directors, said in 2020 when COVID-19 broke out, Vietnam surpassed Bangladesh to become the second biggest exporter of apparel, only behind China.
Though its exports hit 40 billion USD in 2021 and profit reached a record of nearly 1.5 trillion VND, the sector has yet to make the best use of FTAs due to rules of origin and self-sufficiency of materials.
Between now and 2025, Vinatex targets becoming a one-stop supplier of yarn, fabric and end-products for knitwear, especially green products to meet demand of big retailers.
Illustrative image (Photo: VNA)
Vice President and General Secretary of the Vietnam Leather, Footwear and Handbag Association Phan Thi Thanh Xuan said the rate of domestically made products in the sector now reaches 55%. The figure is expected to increase to 70-80% in the near future.
Economist Le Quoc Phong said the State should issue policies to improve export in terms of quality and added value, raise the rate of domestically-made items, use technological advances, and enhance the competitiveness of exporters.
Tai called for attention to human resources training, not only in production but also in trade to achieve sustainable and more effective exports./.
The socio-economic impacts of the two-year-old EU-Vietnam Free Trade Agreement (EVFTA) along with issues that the deal poses for Vietnam were under focus at a scientific seminar held in Hanoi on August 4.
The growth of the trade of agricultural exports in general and coffee in particular this year is brewing and set to increase as the UK economy recovers.
Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements (FTAs) that Vietnam has signed with the UK and other economies worldwide.
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The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)
