Associations are encouraged to proactively gather and promptly report difficulties faced by businesses related to mechanisms, policies, administrative procedures, credit, taxation, logistics, and insurance.
The geopolitical situation is creating three major layers of risk for Vietnamese firms: energy price volatility, logistics disruptions and exchange rate fluctuations.
The seafood industry had been heavily impacted by surging freight costs, the risk of cold chain disruptions, localised supply shortages, and price volatility across various product segments.
A trade official has suggested companies work closely with shipping lines, airlines and freight forwarders to monitor routes, transit times and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyễn Hồng Diên agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.
Domestic businesses are advised to closely monitor market fluctuations and the political and social factors that influence trade, enabling timely and effective responses.
The Ministry of Industry and Trade urged Vietnamese exporters and industries to closely watch the situation in the Red Sea, prepare contingency plans for import-export activities, keep close contact with foreign partners and diversify sources to protect the supply chain.
Escalating geopolitical tensions between Russia and Ukraine would have a short-term impact on the Vietnamese stock market, but the market still has positive growth prospects in the long term thanks to stable macro factors.
Covid-19 and trade tensions are driving the shift of production lines from China to Southeast Asia and Viet Nam seems to have emerged as an attractive destination.
Việt Nam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country''s economic prospects this year as well as opportunities and challenges facing the country.
Viet Nam is Asia’s bright spot amid trade tensions, said the latest report on Viet Nam’s economy by the United Overseas Bank Limited (UOB), which forecast the country’s economy will expand 6.7 per cent in 2019.
Vietnamese shares extended losses on Wednesday morning, with low trading liquidity due to low market sentiment as investors seemed to be waiting for supportive information on international markets.