Aquatic product processing for export (Source: VNA)
Hanoi (VNA) - The Trans-Pacific Partnership (TPP) agreement will open up huge 🃏markets for Vietnamese vegetable and aquatic products, according to Nguyen Do Anh Tuan, Director of the Institute of Pꦡolicy and Strategy for Agriculture and Rural Development.
Tuan made the remark during the 2015 International Support Group (ISG) Plenary Meeting, themed “Vietnam’s accession to TPP Agreement: Prospects and Solutions for Agriculture”. It was held in Hanoi on November 6.
He said the agreement will also bring advantages in several other farm exports, including rice, coffee, rubber and cashew nuts, but some disadvantages in the cattle-breeding sector.
According to Minister of Agriculture and Rural Develoment (MARD) Cao Duc Phat, the TPP deal offers up a great driving force for transnational investment in line with advanced science-technology and labour force quality, creating favourable conditions to improve production scale and promote the restructuring of the agricultural sector.
However, he added, the sector will face challenges due to imported goods’ competitiveness.
Otherwise, countries party to the TPP agreement can reduce their taxes, but will make non-tariff taxes more stringent. Other standards are strict, including those on copyrights, labour, product origins and environmental protection.
In order to minimise challenges, there is a need to improve businesses’ competitiveness and the product quality, said Tran Kim Long, head of International Cooperation under MARD.
The sector needs to strengthen labour reinforcement and productivity, speed up the process of restructuring, improve value and reduce dependence on imported materials.
The sector should continue popularising TPP details, according to experts at the event.-VNA
Vietnam’s aquatic exports will experience significant challenges in 2015, although the sector’s export revenue has recorded an annual increase of 18 percent, reaching 7.9 billion USD in 2014, said the Ministry of Agriculture and Rural Development.
Exporters of agro-forestry-fishery products gathered at a meeting with State officials on March 30 to seek ways to address difficulties amid a dramatic fall in the shipment of these commodities during the first quarter.
The export value of agricultural, aquatic and forestry products is currently estimated at 14.42 billion USD for the first half of the year, which marks a decrease of 2.8 percent compared to the same period last year, according to the Ministry of Agriculture and Rural Development.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Aquatic product processing for export (Source: VNA)
