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Update news vietnamese goods
The Ministry of Industry and Trade (MOIT) began to work on compiling a regulation on made-in-Vietnam products in 2018. However, to date, such a regulation has not been promulgated.
Movements in the commodity market are temporarily bringing advantages to Vietnam’s manufacturing industries and import-export sector.
The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy's supply and demand impacting the listed prices of commodities on global exchanges.
Vietnamese businesses have a geographical advantage in accessing China, the world's second-largest market, especially with support from e-commerce platforms, according to the Ministry of Industry and Trade (MoIT).
More Vietnamese products have been targeted by trade defence mechanisms and barriers as the country enters numerous free trade agreements and integrates further into the global economy, said policymakers and industry experts.
Domestic enterprises looking to do business in foreign countries have been reminded of the importance of registering their trademarks in foreign markets.
Vietnam is considered one of Southeast Asia’s most booming high-end product markets, worth nearly US$1 billion. Recent years have seen the domination of foreign products through official agents and hand-carried goods.
Vietnam will have criteria for labelling made-in-Vietnam on domestically consumed goods, according to the Ministry of Industry and Trade (MoIT)'s draft of a circular which is circulated for opinions.
There have been no official criteria for ‘made-in-Vietnam’ products, so goods with low Vietnamese content are also labeled as Vietnamese products.
Approximately 10 million Made-in-Vietnam products were sold globally through Amazon between September 1, 2021, and August 31, 2022, heard the Cross-border E-commerce Conference (Amazon Week 2022) in Hanoi on October 27.
As many as 325 products by 172 enterprises have been recognised as Vietnam National Brands 2022, Deputy Minister of Industry and Trade Do Thang Hai told a press conference held in Hanoi on October 25.
Vietnamese competent agencies are in the process of accelerating negotiations with China as they seek a way to open the market to many of strong Vietnamese products.
A livestream broadcast to promote One Commune, One Product (OCOP) programme's products and local and regional specialties on TikTok platform was launched in Hanoi on October 11.
Even when the price of petrol fell recently, the prices of many essential items continued to remain high.
The simple cleaning tools made by Vietnamese craftsmen are popular in the United States for their usefulness.
The export volume of made-in-Vietnam products has reached new highs and make up more share in the global market, helping set the foundation for the country to become a more attractive manufacturing hub.
The Vietnamese fashion market has seen more international brands such as H&M, Zara, and Uniqlo. There are currently more than 200 foreign fashion brands from mid-range to high-end that have official stores in Vietnam.
Vietnam's ST25 rice is at risk of losing its brand in the US and Australia. The case shows that brand protection is important for local businesses to escape the "village pond" and reach out to the big sea.
In the past year, nearly 7.2 million products of Vietnamese small and medium sized enterprises were sold to Amazon customers around the world (average 14 products per minute).
The Ministry of Information and Communications has launched the program “Make-in-Vietnam IT products and services” to promote the use of locally-made IT products and services.