HANOI (Vietnam News/ANN): More Vietnamese goods are available on foreign supermarket shelves but enterprises still need to overcome a number of challenges if they want to enhance their brand image.
Online newspaper Hanoimoi.com.vn cited Makoto Nakamura, an international trade consultant at the Japan External Trade Organisation as saying that when consuming food products, health and safety was the top priority of Japanese people and then the price.
Agricultural and food products that entered the Japanese market had to undergo animal and plant quarantine inspections. Also, these goods had to comply with Japan’s regulations on environmental sanitation.
Businesses urged to devise strategy to cope with EU imposition of VAT
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Wednesday, 12:31, 03/03/2021
VOV.VN - The EU-Vietnam Free Trade Agreement (EVFTA) has created a wealth of opportunities that the local plastics industry can make use of to expand export markets and attract additional foreign investment, according to insiders.
Statistics compiled by the General Department of Vietnam Customs indicate that plastic export turnover has consistently recorded increases in recent years, with the average growth rate reaching between 14% and 15% annually. Indeed, the EU market accounts for approximately 18.2% of the nation’s overall plastic export turnover.
Vietnamese plastic products also have a presence in over 150 markets globally. According to the International Trade Center, the country’s plastic packaging products in the EU market now enjoy a competitive advantage compared to that of regional peers such as Thailand and China due to not being subject to anti-dumping duties of between 4% and 30%.