Ministry of industry and trade

Rice was one of the agricultural export highlights during the period. Nguyen Quoc Toan, Director of the MARD's Agro Processing and Market Development Department said that despite the decreased export volume, rice export value in this period reached US$2.2 billion, a year on year increase of 10.4 percent thanks to high export prices, averaging US$488 per tonne. … [Read more...] about Agro-forestry-fishery exports record trade surplus

At a meeting reviewing the 2016-2020 socio-economic developmentplan, the MoIT said the domestic market played an important role in goods consumption, contributing to poverty reduction and ensuring social welfare, evidenced by a growth of nearly 9.2 percent in retail and services revenue in the last five years. … [Read more...] about Domestic trade to contribute 13.5 percent of GDP by 2025

Hanoi (VNA) – Benefits generated by the EU-Vietnam Free Trade Agreement (EVFTA) and challenges to Dutch investors in Vietnam are among the topics discussed at a virtual forum on September 9. The event was jointly held by the Vietnamese Ministry of Industry and Trade (MoIT), and the Confederation of Netherlands Industry and Employers (VNO-NCW). Deputy Minister of Industry and Trade Hoang Quoc Vuong highlighted the strong developments of the Vietnam-Netherlands trade and investment ties over the past time, and proposed ways to step up the links through optimising advantages of the EVFTA. Lawyer Joost Vrancken Peeters, Chairman of the Netherlands Vietnam Chamber of Commerce, briefed the participants on the deal and outcomes of an online study on the demand for investment movement and supply diversification of investors from the Netherlands and the EU. The forum focused on issues regarding production, manufacturing, export-import, logistics, customs, visa and human resources. … [Read more...] about EVFTA: Opportunity for Vietnam-Netherlands trade cooperation

Therefore, the ministry has come up with several tasks for its subordinates in the coming period. The Import-Export Department, in particular, must coordinate with the departments of foreign and domestic markets and the Ministry of Agriculture and Rural Development to foster the production in value chains. … [Read more...] about Ministry asks for improvement in rice export management

According to the European Chamber of Commerce in Vietnam, foreign-invested companies in the automobile sector should be allowed to undertake transshipment without restrictions. Transshipment should continue to be allowed from the customs entry point so that vehicles arriving to Vietnam by boat should be allowed to transship by truck or boat to their final destination. Multimodal transport to transship or export to landlocked Laos or Cambodia by truck or boat should also be allowed with no restriction. … [Read more...] about Auto industry steers strategy towards wider supply chains