Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai announced that the city will focus on solving documents and procedures to remove bottlenecks for city dwellers and businesses, especially for investment projects.
The Regional Comprehensive Economic Partnership (RCEP), with its market of 2.2 billion people in 15 nations, has been forming the largest free trade area in the world. Vietnam is deliberately promoting goods export, especially seafood, to this lucrative market as its next strategic economic step.
The office of the Ministry of Industry and Trade, on the morning of August 3, informed the press that the Trade Promotion Agency in association with the Vietnamese Embassy in India and the Vietnamese Embassy in Pakistan would hold an online trade conference to introduce and promote the export market for Vietnamese dragon fruits to Indian and Pakistanis partners.
Nearly 93,500 enterprises have had to leave the market since the beginning of this year, an increase of 15.6 percent over the same period last year. The Covid-19 pandemic has developed complicatedly and has been negatively affecting the production of domestic enterprises.
Along with several free trade agreements that have been signed, countries in the world have also increased the technical barriers and safeguard measures to protect domestic production. This has caused many Vietnamese enterprises to face the risk of losing the export market if they do not prepare carefully before joining the market.
Since the beginning of this year, prolonged hot weather and saltwater intrusion have caused disadvantages for shrimp-farming areas in the Mekong Delta. Besides, the Covid-19 pandemic has also affected the export of shrimps, leading to a decline in export turnover.
Regarding the export target of above US$285 billion this year, an increase of 8 percent over last year, many enterprises said that this target is hard to achieve, especially amid the context that many markets have been putting up several technical and trade barriers for goods exported from Vietnam.
The Department of Industry and Trade of Dong Nai Province yesterday said that the US was still the largest export market of the province with turnover accounting for 25.7 percent of the province’s total exports.
The Association of Phu Quoc fish sauce fretted that the fish sauce sector will lose its export market after the Ministry of Health’s regulation of adding iodated salt into fish sauce
The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.
