The textile industry, for example, is under pressure from cheap imports from China. 4. What should Vietnamese businesses do to take advantage of opportunities? 4.1. need to understand each clause in the agreement, especially the provisions on tariffs and rules of origin.
Participating in training courses from the Ministry of Industry and Trade or trade consulting organizations is essential. 4.2. Investment in technology and management Technological innovation helps businesses not only improve product quality but also meet international standards.
In addition, digitizing supply chain management singapore telegram data also helps make the origin of goods transparent. 4.3. Strengthening international cooperation Cooperating with international partners through joint ventures, partnerships or outsourcing for large corporations is a way to learn and participate more deeply in the global supply chain.
5. Success story 5.1. Fisheries industry Vinh Hoan Company, one of the leading enterprises in Vietnam's seafood industry, has taken advantage of EVFTA to export pangasius to Europe with a 0% tax rate , increasing export revenue by 20% in 2023.
5.2. Textile industry Garment 10 Company has adjusted its production process to obtain a certificate of origin from Vietnamese raw materials, helping them enjoy tax incentives from CPTPP, thereby increasing export profits to Canada and Mexico. 6.