Department of trade and investment

Over the first eight months of the year, export turnover is estimated at $174 billion, up 1.6 per cent on-year, while import turnover was $162.2 billion, down 2.6 per cent. Since imports experienced a more significant decline than exports, Vietnam maintained a large trade surplus of $11.9 billion in the first eight months and $3.5 billion in August alone. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports

Accordingly, the products under investigation are cold-rolled stainless steel in rolls, sheets, or other shapes. Specifically, the notice from MITI stated that this agency will send a questionnaire to relevant parties, including Vietnamese manufacturers and exporters. According to experts, the rapid increase in Vietnam's steel export turnover has caused many countries to pay attention and conduct safeguard investigations. Previously, Vietnam's steel industry had faced many trade remedies lawsuits initiated by many markets. These lawsuits came mostly from the main steel export markets of Vietnam, such as the US, the EU, some countries in the ASEAN, and even the Eurasian Economic Union. Only in the last two months, Thailand’s Committee on Dumping and Subsidies decided to impose anti-dumping duties ranging from 6.97 percent to 51.61 percent (CIF price) on iron or steel pipe products originating or imported from Vietnam, consisting of 169 HS codes, to prevent the threat of … [Read more...] about Vietnam’s steel industry continuously faces safeguard investigations

He made the remarks during an online seminar on Vietnam-Japan investment, co-held by the ASEAN-Japan Centre (AJC) and JETRO together with the Trade Promotion Department at the Ministry of Industry and Trade, the Vietnam Trade Office in Japan, and the three northern provinces of Vinh Phuc, Quang Ninh, and Nghe An, attracting hundreds of businesses from the two countries. … [Read more...] about FDI into Vietnam will recover after COVID-19: JETRO Chief

Cuong also reminded of the need to publish lists of planned programmes, projects, and specific guidelines so that localities can plan to follow the national plan, especially for 2021. At the same time, he suggested that the MPI should ask the PM to allow Bac Giang, together with other provinces, to continue using residual capital of the Urban Development Project along the Mekong Delta region, and work with the Asian Development Bank for loans and extend the loan agreement to further promote its efficiency. … [Read more...] about Inspiring localities to faster socioeconomic development

According to Director of the Trade Promotion Department Vu Ba Phu, Japan has been an important investor in Vietnam during the 47 years of diplomatic ties between the two countries. Stronger investment from Japan in the future and technology transfer incentives are expected to improve Vietnam’s technological and production capacity. … [Read more...] about JETRO: FDI in Vietnam to recover after Covid-19