Ministry of industry and trade

Of all sectors, agro-forestry-fishery products will benefit most from the agreement with a bigger market. For example, the market for rice will increase by 65 per cent by 2025, sugar by 8 per cent, pork by 4 per cent, wood products by 3 per cent, cattle and poultry meat by 4 per cent, drinks and tobacco by 5 per cent, and fishery products by 2 per cent over the next decade. … [Read more...] about EVFTA blessings within arm’s reach

Negotiations began and ended amid the rapid development of economic, trade, and investment relations between Vietnam and the EU. The deal is expected to have a positive impact on both, with tariffs on nearly 100 percent of Vietnam’s exports to the EU to be eliminated after a short period of time. … [Read more...] about EVFTA disseminated among businesses

The city’s top leader called for drastic measures to create new opportunities and motivation for the city’s growth. Five key areas were identified to attract domestic and foreign investment: to resume and speed up production, trade and exports; to stimulate tourism and domestic consumption; to promote public investment, and to address difficulties for major projects that had been delayed for years. … [Read more...] about Da Nang kickstarts economy after COVID-19 pandemic

Truong Thanh Hoai, Director of the MoIT’s Department of Industry, emphasised the need to develop the design stage and trademarks suitable for the garment and textile industry, adding that in order to optimise the benefits of FTAs, enterprises must invest in modern production lines as a way of meeting the stringent requirements with regard to raw and auxiliary materials set by new-generation FTAs. … [Read more...] about New-generation FTAs offer impetus to textile supply chain restructuring

Particularly, the city currently has 545 fuel stations, 15 fuel wholesalers, 43 fuel distributors, one trader as general agent, and 16 retail agents. These units are still operating normally with monthly consumption of 200,000 cubic meters or 6,500 cubic meters per day. Besides, the total production of Dung Quoc and Nghi Son oil refineries in the second quarter of this year is expected to reach 3,033,807 tons, around 200,000 tons higher than that in the first quarter of this year. This is also the basis to affirm that the source of fuel is not scarce. Meanwhile, regarding the closure of many fuel enterprises in Dak Lak Province in the past day, Mr. Mai Manh Toan, Director of the provincial Market Surveillance Agency, said that because they ran out of fuel supply. According to Mr. Le Van Quy, the owner of Quy Dieu Private Company in Krong Nang District in Dak Lak Province, his company has three fuel stations in Ea Toh, Dlie Ya communes, and Krong Nang Town and two of them had to … [Read more...] about No shortage of fuel in HCMC