Vietnam is one of the world’s largest exporters of timber and timber products. It has become a vastly important part of the country’s economy. But what challenges are the country experiencing, and how can it leverage the timber industry to enhance economic growth?

The Government has just issued Decree 41/2022/NĐ-CP amending and supplementing a number of articles of Decree 123/2022/NĐ-CP and Decree 15/2022/NĐ-CP in order to remove obstacles in the implementation of VAT reduction by 8%.

The Public Debt Strategy Project by 2030 is one of the nine strategies in the finance sector’s strategic system which has been approved by the Prime Minister, and is an important basis to continue reforming public debt management in a sustainable and effective manner, ensuring debt safety and national financial security, said Deputy Minister of Finance Ta Anh Tuan at the workshop on Public Debt Strategy Project by 2030.

Experts have said that great market opportunities will open for Việt Nam if sustainable natural rubber production receives adequate Government supports with enterprises determined to follow a sustainable development.

Vietnamese products are to face numerous trade defence measures in the future despite the large number of free trade agreements (FTAs) the country has signed, according to trade experts and policymakers.

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector.

The Indo-Pacific Economic Framework for Prosperity (IPEF), an economic strategy proposed by the US, is a new attempt to revise the connection between the US and Asia-Pacific countries. As an open framework, the success of IPEF is still open to question as there are no trade provisions or potentially reduced tariffs for commercial activities. As such, the participation of Vietnam is largely dependent on the outcome of discussions and implementation.

The Vietnam Association of Seafood Exporters and Producers (VASEP) proposed to supplement quarantine regulations for fishery products that have changed their purpose, at a meeting to get feedback on the draft Circular amending and supplementing a number of articles regulating procedures on quarantine of aquatic animals and animal products, held by the Department of Animal Health.

Economists believe the EU-Vietnam Free Trade Agreement (EVFTA) will be instrumental in helping Vietnam’s post-pandemic economic recovery with European investment and export opportunities.

Vietnam’s health supplement market is seeing a rapid increase due to the country’s demand for health-related and personal care products. In this article, Vietnam Briefing gives an overview of the health supplement market including industry drivers, challenges, and market entry options and requirements for investors.