With the EVFTA, almost all Vietnam’s export items to the EU would be exempted from import duties right after the deal takes effect or after just a short time. This is the highest benefit from an FTA that Vietnam has signed with the international community. The most beneficial sectors will be footwear, textiles and garments, agriculture, and seafood. The sectors bearing the brunt would be chemicals, transport means and equipment, processed food, and basic metal items. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy
Eu vietnam free trade agreement ratification
Before, in January 2020, GIC has worked with associations in the field of healthcare to conduct the demand and difficulty-related survey to value Vietnam’s potential for German firms. The survey also put forward strategic solution to push up commerce and investment between the two countries. … [Read more...] about German businesses eyeing Vietnam’s health sector
Industry Agency Director Truong Thanh Hoai says Vietnam only participates in the low segment of the automobile industry value chain, and Vietnamese auto manufacturers heavily depend on the orders of global automobile corporations. They have not yet mastered such core technologies as engines, control systems, and transmission systems and therefore Vietnam’s automobile sector cannot be considered a real automobile industry, Hoai says. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value
Vietnam export growth brings risk of charge of currency manipulation Increasing exports to the US, Vietnam is a step closer to the risk of alleged monetary manipulation as US President Trump tries to reach a trade agreement with China at a negotiation round this October. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
Vietnam’s biggest shipping firm, Vinalines, is also struggling as shipping activities in China and some other countries have dwindled. Many of its ship are lying idle in ports. … [Read more...] about Shipping firms in troubled waters as coronavirus hits trade