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Hanoi (VNA) – Vietnamese enterprises should be well-prepared to enhance shipments to the UK, particularly after the UK-Vietnam Free Trade Agreement took effect on December 31, 2020, according to insiders. Statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that Vietnam exported some 355 million USD worth of seafood to the UK market in 2020, particularly shipments of tra fish surging 15 times as compared to 2019. Chairman and General Director of Nha Trang Seaproduct Company Ngo Van Ich said that the UK’s withdrawal from the European Union (EU) did not impact Vietnamese exports, and this relished exciting prospects for shipments in 2021. This is a wonderful opportunity for Vietnamese exporters since the UK’s import tariffs are the same as those of the EU while the country’s demand for seafood imports is expected to be stable or even increase in the coming time, Ich said. In a bid to tape advantages from the free trade deal … [Read more...] about Vietnamese firms capitalise on UKVFTA to promote exports to UK

BẮC NINH — The authorities of northern Bắc Ninh Province always create favourable conditions for foreign businesses, including those from the Republic of Korea (RoK), Secretary of the provincial Party Committee Đào Hồng Lan has said. … [Read more...] about Bắc Ninh rolls out red carpet for South Korean firms

Hanoi (VNS/VNA) - Experts are again issuing a warning to local enterprises to pay attention to intellectual property (IP) rights when doing business overseas.  According to Le Ninh Giang, director of the centre for IP technology and application (IPTA) said a lot of enterprises focused on forming businesses, calling for investment capital but not registering for any IP protection rights. He said it comes as no surprise when he discovers cases where companies lost their IP assets in foreign countries when trading. He said cases concerning Phu Quoc fish sauce, Vinataba cigarettes or Buon Ma Thuot cafe were good examples of just some companies who have fallen foul of foreign IP regulations. Giang said: “Many business owners still don’t know about IP registration and they are not yet aware of the importance of protecting IPs when exporting their products. “While multinational enterprises in the world have invested a lot of … [Read more...] about Firms warned over intellectual property

Facing the same plight, Khanh Ngoc cuisine centre, which had provided 10,000 rations a day for semi-boarding schools and kindergartens in Thai Nguyen city, had to reduce its operations as these establishments were forced to close down due to the pandemic. More than 100 employees of the centre lost jobs. … [Read more...] about Firms benefit from lending interest rate reductions and exemptions

General Secretary of the Vietnam Association of Seafood Exporters and Processors (VASEP) Truong Dinh Hoe said RCEP integrates certain FTAs ASEAN had signed. Therefore, once put into place, the trade deal will allow businesses to use a common certificate of origin (CO) instead of the current single certificate for each market.  … [Read more...] about RCEP: local enterprises stepping firmly forward