Potential export industries

Despite trade activities between the nation and South American nations seeing growth in recent times, it remains far from fulfilling its full potential, especially for the textile and garment sector, according to industry insiders. South America is viewed as a highly lucrative fashion market that boasts a population of more than 437 million people and a relatively high per capita income. However, there are still few businesses and consumers in South America who are fully aware of Vietnamese fashion products. Furthermore, the Vietnamese textile and garment industry is in the process of developing rapidly and is able to meet many large orders with high requirements from different markets. Currently, the nation’s textile and garment exports to Brazil stands at between US$150 million and US$200 million per year, whilst those to Chile are between US$70 million and US$90 million per year and to Peru the figure is around US$30 million to US$40 million per year. Meanwhile, local textile … [Read more...] about South America viewed as potential market for Vietnamese apparel

The first Lotus Festival 2022 will take place in Cao Lanh City, the Mekong Delta province of Dong Thap from May 19 through May 21. The festival is expected to open in Cao Lanh City, the Mekong Delta province of Dong Thap from May 19 through May 21 aiming to honor the lotus and promote the cultural and economic values of products, souvenirs made from Dong Thap-based lotus plants; thereby, to boost the development of the lotus planting industry along with tourism development; develop typical products; attract more tourists to the Mekong Delta province and contribute to the local socio-economic development. During the festival, many cultural and tourist activities will be organized, notably a set record of 200 dishes made of lotus, the second forum to connect tourism between Ho Chi Minh City and 13 Mekong Delta provinces and cities. Thap Muoi's beautiful and immense lotus field According to the Provincial People’s Committee of Dong Thap, the lotus development potentiality … [Read more...] about Dong Thap Province ready for first Lotus Festival 2022

Greece lies at the juncture of Europe, Asia, and Africa, connecting important global trade routes. Greece hopes to expand trading relations with Vietnam after the ongoing visit paid by Greek President Katerina Sakellaropoulou. Greek President Katerina Sakellaropoulou welcomed in Hanoi on May 16. Photos: The World and Vietnam The Hellenic Republic expects to be a gate for Vietnamese goods to the European Union (EU) harnessing the EU-Vietnam Free Trade Agreement (EVFTA), according to Greek Ambassador to Vietnam Georgios Stilianopoulos, noting that Greece is one of the first countries ratifying the partnership and cooperation agreement (PCA) and approved the EU-Vietnam Investment Protection Agreement (EVIPA). Its geography allows Greece to connect to Europe, the Middle East, and the Black Sea, Stilianopoulos said, stressing that the Covid-19 pandemic has prompted a surge in demand for flexible supply chains. Being an EU member located at the juncture of the … [Read more...] about Greece wants to be transshipment hub for Vietnam goods to EU

OCOP products made by the Tài Thịnh Phát FARM Co-operative in Cà Mau Province come with good packaging and labelling. — VNA/VNS Photo Huỳnh Anh CÀ MAU — The national 'One Commune – One Product' (OCOP) programme has helped improve the value of Cà Mau Province’s agricultural products and promote its speciality products. The southernmost province enjoys advantages in agriculture, forestry and aquaculture, which enable it to offer various products and services designated as OCOP. They include food, beverages, handicrafts, and rural tourism services. The province recognised 44 more OCOP products last year, taking its total to 77 ranking from three or four star level under a five-star system. The ones recognised last year include Ngọc Trân and Mạch Long fish sauce, Từ Tâm biological rice, Minh Duy fermented bulrush, Minh Quân dried soft banana, Ba Đức dried gourami fish, Năm Căn shrimp cracker, and Ngọc Hiển mangrove chopsticks. The province ranks fourth out of the delta’s 12 … [Read more...] about Cà Mau Province focused on One Commune – One Product