As many agricultural businesses continue to face challenges in finding stable outlets, modern retail systems are increasingly becoming key distribution channels helping Vietnamese products access the market more professionally.
News website 1news.co.nz recently cited a report by the New Zealand Ministry of Foreign Affairs and Trade which outlined the Vietnamese market as emerging as one
A virtual trade exchange will be held on April 25 - 26 to provide Vietnamese businesses with the latest information about market trends as well as opportunities to export aquatic products to the European Union, according to the Ministry of Industry and Trade.
Vietnamese enterprises have encountered numerous difficulties when attempting to export goods to the United States and Europe, including facing a shortage of empty containers and a high sea freight rate, according to industry insiders.
Vietnam held its place as the seventh largest tea supplier to the United States during the past nine months of the year with 4,100 tonnes worth US$5.7 million, according to the Ministry of Industry and Trade.
The Vietnamese cyber security market, which was previously flooded with solutions developed by foreign businesses, have become more balanced, and domestic firms are tend to be on a better footing.
Although the local real estate market has been hit by the COVID-19 pandemic, leading to poor liquidity and a fall in supply to the market, property prices have continued to increase, according to economic experts.
President Nguyen Xuan Phuc has hailed the role of business associations in the United States for promoting US firms' investment in the Vietnamese market in recent years, during a meeting with business representatives and investors.
There remains huge room for Vietnam to boost exports of farm produce, seafood, foodstuffs and beverages to Russia, which has great demand for these goods, experts have said.
The domestic logistics industry is in the process of shifting, with over 50% of contracts now linked to the abrupt growth of e-commerce in order to serve the domestic consumption market share.
An Australia-funded project has chosen nine leading agritech scale-ups from overseas to enter the Vietnamese market with an aim of solving the country’s most pressing agrifood challenges, according to the Australian Embassy in Hanoi.
The initial two months of the year witnessed as many as 33,611 domestic businesses withdraw from the market, a rise of 18.6% in comparison to the same period from last year, according to statistics released by the Ministry of Planning and Investment.
In recent years, many foreign fruit exporters have entered Vietnam to take advantage of local people’s rising popularity of imported fruit in the country.
With more than 2.2 billion shares of Viettel Global to be listed, the Company is valued at nearly USD 1.5 billion.
Vietnam enjoyed a trade surplus of US$3.03 billion with Hong Kong (China) in the first half of 2018, a year-on-year increase of 14.6%, according to the General Department of Vietnam Customs.