Trade

Tinh Bien – An Giang International Trade Fair 2019 was opened in Tinh Bien district, in the southern province of An Giang, on May 22 by the People’s Committee of Tinh Bien district and An Giang Trade and Investment Promotion Centre. At the trade fair in 2018 - Photo: atpic.angiang.gov.vn The fair has been held annually for 13 consecutive years with the aim of promoting the consumption of Vietnamese goods and the export of Vietnamese products to the province’s neighbouring country of Cambodia and other ASEAN countries. This year’s fair attracted the participation of 150 enterprises from 13 provinces and cities in the Mekong Delta Region, Ho Chi Minh City, Lam Dong, Dak Lak, Binh Duong, Binh Phuoc, Tay Ninh, and others, in addition to enterprises from Cambodia. Enterprises are showcasing their products in 350 pavilions in the areas of food, household appliances, electrical products, handicraft products, and specialties from Vietnam and Cambodia. An … [Read more...] about An Giang International Trade Fair boosts border trade

Steel, including Vietnamese steel, is subjected to the highest number of trade defense investigations in the world In response to the growing number of trade remedy cases and their complexity, Vietnam is set to increase the use of anti-dumping, anti-subsidy and self-protecting measures against harmful imports in order to support the future development of several domestic industries. It will also boost its response to trade remedies by other countries against its exports. A program formulated by the Ministry of Industry and Trade notes that the World Trade Organization (WTO), free trade agreements and other countries allow such measures to create a fair competition environment to support domestic production sectors. The application of trade remedies must be based on the full awareness and proper implementation of the party’s guidelines and the state’s policies, according to the program. The mechanisms and policies on trade remedies need to take into account national … [Read more...] about Vietnam plans increased trade remedy actions

(VEN) - The proliferation of fake goods and violations of intellectual property rights has spread with the increase in online shopping sites. To address the issue and discuss solutions, the Vietnam E-commerce and Digital Economy Agency and the Vietnam Competition Authority under the Ministry of Industry and Trade held a recent training workshop on protection of consumer rights in e-commerce. Increasing fake goods trade According to the Vietnam E-commerce and Digital Economy Agency, Vietnam’s e-commerce has grown 25-30 percent a year. In the digital economy, the revenue through e-commerce channels was five times higher than that of average GDP growth. At the same time, these online platforms have opened up opportunities for expanded trade in fake goods, said Tran Huu Linh, director general of the Vietnam Directorate of Market Surveillance. In 2018, the Hanoi Department of Market Surveillance handled violations valued at nearly a half billion Vietnamese dong. Authorities handled … [Read more...] about Vietnam aims to crack down on online trade in fake goods

Vietnam is boosting promotion activities in a bid to export avocados to the high potential market of the US after its mangos have been officially shipped to the market following nearly 10 years of negotiations. Vietnam has many varieties of avocados producing fruits all year round According to the United States Department of Agriculture, the US spent US$2.35 billion on importing 1.04 million tonnes of avocados in 2018. The fruit is consumed by approximately 51% of American households and each household spends an average US$24.5 per year to buy avocados. The Vietnam trade office in San Francisco said that avocados are often consumed through large supermarkets in the US, with large volume, requiring very high standards, particularly regarding food safety requirements. The trade office noted that Vietnam has many varieties of avocados producing fruits all year round. However, the value of Vietnamese avocados remains low due to limitations in the application of science and … [Read more...] about Vietnam strives to bring avocados to US market

(VEN) - Data from some market research companies show that the Vietnamese convenience store market is growing strongly in terms of both value and size. The number of convenience stores in Vietnam is increasing rapidly A Deloitte’s report shows that the number of convenience stores in Vietnam has quadrupled since 2012, accounting for the biggest proportion of newly founded shopping facilities in 2018. The convenience store market has attracted Vietnam’s leading retailers including VinGroup and Saigon Co.op, and such leading foreign firms as Circle K, B’s Mart, Mini Stop, 7-Eleven, and GS25, among others. Domestic enterprises are dominating the market, carving a 70 percent niche. As of late January 2019, according to a Deloitte’s report, there were 1,700 Vinmart+ stores throughout Vietnam, while foreign-owned convenience stores (excluding the Shop&Go sold to VinGroup) totaled more than 600 facilities. Convenience stores in Vietnam have … [Read more...] about Vietnam discovers convenience of convenience stores