FTA

Update news FTA

Foreign beef favored in Vietnam, bad news for domestic farmers

VietNamNet Bridge - Vietnam has become a new attractive destination for beef exporters from all over the world.

Vietnam’s businesses still not tapping AEC market

Vietnam is a member of the ASEAN Economic Community (AEC), which was established three years ago. However, its businesses are not exploiting the 600 million consumer market.

Garment industry has high expectations for South Korean market

VietNamNet Bridge - Vietnam’s textile and garment exports to South Korea are expected to increase by 20 percent this year and continue rising in upcoming years.

Measures sought to facilitate Vietnam’s shrimp export to US

High anti-dumping tariff and the US Seafood Import Monitoring Programme (SIMP) are now key barriers facing Vietnamese shrimp exporters. 

Vietnam’s exports in 2018: risks from protectionism anticipated

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT), in its latest report on global trade and the impact on Vietnam, mentioned the possibility of a trade war and the risks of protectionism.

Exporting products through foreign distribution chains

Having products retailed at foreign distribution chains is a good way to bring Vietnamese goods to the world market. But domestic companies still find it difficult to do. 

Textile & dyeing projects unwelcome because of environmental risks

VietNamNet Bridge - Investors in the textile and garment industry are complaining that local authorities are turning down new textile and dyeing projects for fear of pollution.

Vietnamese consume more Japanese goods as incomes rise

Vietnamese products, which have been struggling to compete with Chinese, Thai and South Korean goods, now have to compete with Japanese goods as well.

The door to US market opens to Vietnam’s fruits

VietNamNet Bridge - Vietnam has successfully entered many markets after years of negotiations, including choosy ones such as the US, Chile, Japan, Taiwan and New Zealand, according to Le Van Thiet, deputy director of the Plant Protection Agency. 

Imports, domestically-assembled cars in battle for market share

Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models.

Manufacturers’ new strategies aim to compete with big foreign brands

VietNamNet Bridge - Amid a massive invasion of foreign goods in the domestic market, experts remain  optimistic about the strong rise of some Vietnamese brands.

Vietnam’s important trade partners in CPTPP

The current two-way trade turnover between Vietnam and most of the CPTPP member countries is $1 billion or more.

Vietnam in midst of trade war among world powers

While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.

Vietnamese goods losing market share to imports in home market

VietNamNet Bridge - Import tariffs of zero percent and the strong development of the foreign-invested retail chains have cleared the way for foreign imports to invade the Vietnamese market.

Long-awaited CPTPP presents opportunities and pitfalls

With the eagerly anticipated conclusion of talks on the Comprehensive Partnership and Trans-Pacific Partnership’s (CPTPP) in late January, Vietnam embarked on a still more difficult path. 

Vietnam’s fruit exporters prosper

This week, Vietnam exported 2 tons of star apples to the US for the first time. This marked a positive growth of Vietnam’s fruit sector in expanding its export market.

Adidas overseas SpeedFactories: how will it affect VN footwear industry?

VietNamNet Bridge - Adidas’ tendency of relocating production bases to places near major markets is expected to have adverse effects on Vietnam’s footwear industry.

Vietnam among countries with high number of FTAs: expert

Vietnam has joined or completed negotiations for 11 free trade agreements (FTAs), bilateral and multilateral, not including the TPP, according to former Minister of Trade Truong Dinh Tuyen.

Cosmetics manufacturers face thorny path to develop organic products

VietNamNet Bridge - Avoiding the crowded industrial cosmetics market segment, Vietnamese manufacturers are developing organic products. However, the path to success has not been smooth.

APEC officials highlight competition chapters in FTAs/EPAs

Officials from member economies of the Asia-Pacific Economic Cooperation (APEC) forum have highlighted the benefits of establishing competition chapters in free trade agreements (FTAs) and Economic Partnership Agreements (EPAs).