“We are offering VND40-80 million off depending on kinds of cars on registration fees for customers. After June 28, the number of signed contracts waiting for car delivery was still high. We still have 80 cars that have not been delivered to customers who reserved due to a lack of supply,” he said. … [Read more...] about Car sales in Vietnam rocket after registration fee cut
Domestic tariff area
Hanoi (VNA) – Vietnam’s participation in ASEAN 25 years ago has helped the country enjoy strong growth in trade with other member nations. Since Vietnam became an official member of ASEAN on July 28, 1995, bilateral trade has increased sharply, making ASEAN the fourth largest importer of Vietnam at present, following the US, the EU and China. In 2019, the trade value reached 57.3 billion USD, up 1.1 percent from a year earlier. That consisted of 25.2 billion USD of Vietnam’s exports, rising 1.5 percent and accounting for 9.6 percent of the country’s total overseas shipments, and 32.1 billion USD of imports from ASEAN, up 0.9 percent year-on-year and making up 12.7 percent of total imports. The trade deficit of 6.85 billion USD last year fell 1.3 percent from 2018. Among ASEAN markets, Vietnam mainly ships products to Thailand, Malaysia, Singapore, the Philippines, and Indonesia. Its key export items include steel; mobile phones and components; … [Read more...] about ASEAN membership fuels Vietnam’s trade with regional markets
- ASEAN leaders adopted the ASEAN Leaders' Vision Statement on A Cohensive and Responsive ASEAN at the end of the 36th ASEAN Summit on June 26.ASEAN LEADERS’ VISION STATEMENT ON A COHESIVE AND RESPONSIVE ASEAN: RISING ABOVE CHALLENGES AND SUSTAINING GROWTH RECALLING the need to strengthen existing bonds of regional solidarity to realise an ASEAN Community that is politically cohesive, economically integrated and socially responsible in order to effectively respond to current and future challenges and opportunities as stipulated in the ASEAN Charter;REAFFIRMING the importance of building a peaceful, stable, rules-based, people-oriented, people-centred and resilient ASEAN Community with enhanced capacity to seize opportunities and respond effectively to challenges as stated in the ASEAN Community Vision 2025;NOTING with satisfaction the significant progress made in the realisation of the ASEAN Community Vision 2025 through the implementation of the ASEAN Political-Security … [Read more...] about ASEAN Leaders’ Vision Statement on A Cohensive And Responsive ASEAN
The Vietnam National Administration of Tourism (VNAT) is considering allowing visitors from Japan, South Korea, Taiwan, mainland China, Australia, New Zealand, and other countries and territories to enter Vietnam, depending on their continued progress with battling the pandemic. … [Read more...] about Prepare for take-off!
“To grasp the chance, enterprises need to be honest with the rules of origin of the agreement. Along with finding and developing local raw materials and from FTA partners, businesses need to attract foreign investment and improve production technology and product quality, as well as join the regional supply chain,” said Nguyen Hoai Nam, deputy general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP). … [Read more...] about Seafood exporters setting up basis for EVFTA boons