Facing adverse impacts of the COVID-19 pandemic and the world’s economic and political issues, the Ministry of Finance (MoF) has suggested authorities promulgate and issued many unprecedented solutions in terms of taxes, fees, and charges to assist people and businesses, including those from the Republic of Korea (RoK), an official has said.

Demand in the global market, including Europe and America, is gradually recovering because inflation had begun to subside since the end of 2023.

Minister of Industry and Trade Nguyễn Hồng Diên called on all members of Cairns Group, a coalition of agricultural exporting countries, to commit to achieving an open, market-oriented and more equal playing field in agricultural trade.

Goods consumption in big markets such as the US and the EU is showing brighter signs, creating a driving force for orders for Vietnamese key exports such as garment and textile, packaging, footwear, wood processing, and particularly electronics, with many enterprises have received orders until mid-year.

This comes after random inspections carried out by the Korean Ministry of Food and Drug Safety (MFDS) on imported mango products being sold in the Korean market in January, including those from Việt Nam and the Philippines, found pesticide residue levels exceeding allowed levels.

Promoting deep processing to export cashew nuts is viewed as a way for local businesses to capitalize on free trade agreements (FTAs) and add value to this industry.

Despite daunting challenges, Vietnam’s exports of wood and wooden furniture have shown signs of recovery since the end of 2023, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s Ho Chi Minh City Branch Tran Ngoc Liem said on February 26.

By placing a cap on total emissions and allowing companies to buy and sell allowances, ETS introduces economic incentives for businesses to reduce their emissions efficiently.

This image shows a worker processing tea for export at a tea business in Vietnam. Photo: M.V. / Tuoi Tre Vietnam exported around 12,000 tonnes of tea worth over US$21 million in the first month of 2024, with Pakistan remaining the largest buyer, according to official figures.

Exports to the United States surpasses the US$10 billion mark in January, representing an increase of 64% compared to the same period from last year, according to data given by the General Department of Vietnam Customs.