Despite RCEP, Vietnam’s export activities still face many difficulties

Despite RCEP, Vietnam’s export activities still face many difficulties

The activities of many enterprises show that, although Vietnam has already been a member of RCEP and applied preferential policies as prescribed by other member countries, in fact, the export of enterprises still faces many difficulties. From 2020 to now, pangasius products exported to this market have seen more than half of the number of containers have to be recalled due to Covid-19 infection.
MoIT tightens export activities to lower goods prices

MoIT tightens export activities to lower goods prices

The prices of many domestic and imported raw materials have climbed by 10-300 percent. This fact has put many enterprises, especially food and foodstuff manufacturing enterprises, at risk of having to increase their selling prices. Amid such context, the Ministry of Industry and Trade (MoIT) has issued regulations to restrict the export of some groups of raw materials in the production chain of domestic enterprises. This is a necessary solution to lower the cost of these items.