Hanoi (VNA) – Vietnam, as a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is willing to share information about and its experience in participating in the pact with the UK if the latter is interested, said Foreign Ministry spokesperson Le Thi Thu Hang. The spokesperson made the remark at the ministry’s regular press conference on September 17, noting that as far as she knows, the UK had held some discussions with CPTPP members over recent time. Hang stressed that the CPTPP is a high-quality free trade agreement with comprehensive commitments to promoting economic-trade cooperation among member countries and trade liberalization towards open and rules-based trade in the region. She underlined that CPTPP member countries have adopted procedures for joining the pact, and economies interested in the pact should meet its high standards and follow admission process./. … [Read more...] about Vietnam ready to share CPTPP information with UK: Foreign Ministry spokesperson
Foreign trade zone map
Vietnam’s export revenue racked up a 4 percent year-on-year increase during January – September to 202.4 billion USD in the context that the COVID-19 pandemic has weighed on the international trade, according to the Ministry of Industry and Trade (MoIT).domestic sector remained a driver of export growth, as it earned 71.4 billion USD from shipments abroad, rising 19.5 percent from the same time last year.free trade agreements (FTAs) served as a booster for Vietnamese exports. export revenue of more than 1 billion USD. Together they accounted for 91.3 percent of the total export value of the country. … [Read more...] about Export revenue in nine months picks up despite pandemic
Hanoi (VNA) – Vietnam and the UK issued a “Joint Declaration on the Vietnam - UK Strategic Partnership: Forging Ahead for Another 10 Years” after the talks in Hanoi on September 30 between Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh and UK First Secretary of State and Secretary of State for Foreign, Commonwealth and Development Affairs Dominic Rabb. Following is the full text of the joint declaration. In 2010 Vietnam and the United Kingdom (UK) and signed a Joint Declaration to establish the Vietnam – UK Strategic Partnership. After 10 years of successful implementation and growth, this partnership has taken on a global significance. Bilateral cooperation has been intensified in various fields ranging from political – diplomatic; trade – investment; sustainable socio-economic development; security – defence; education – training; science – technology; healthcare;, people-to-people links. The two sides … [Read more...] about Vietnam, UK issue joint declaration on strategic partnership
Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) will make every endeavour to support Korean enterprises and attract high-quality investment from the Republic of Korea (RoK), Minister Tran Tuan Anh told a workshop hosted by the MoIT in Hanoi on November 26. The workshop was an opportunity for the MoIT and Korean firms to chalk out ways to foster investment and strengthen the multifaceted relations between the two countries. The MoIT has pioneered in providing assistance to entry of Korean experts into Vietnam amid challenges posed by the COVID-19 pandemic, he said, adding that so far, more than 10,000 Korean specialists have been sent to Vietnam this year to work for FDI projects. They are important to ensure the normal operation of the FDI businesses, including those of the RoK, in Vietnam, Anh said. Vietnam has advantages and opportunities to create breakthroughs in the near future as the country has basically brought the pandemic under control and gained increasing … [Read more...] about MoIT pledges to do its best to support Korean firms: Minister