Rcep

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets

It can be said that Vietnamese enterprises have never engaged in a bigger playground. However, to materialise opportunities generated by the agreement, To Hoai Nam, General Secretary of the Vietnam Association of Small-and Medium-sized Enterprises (VINASME) suggested businesses study the current regional and global supply chains to evaluate the impact of the pact on future business models.  … [Read more...] about RCEP: local enterprises stepping firmly forward

At the “RCEP-UKVFTA opportunities to promote value chains of Vietnamese agricultural products” recently held in Ho Chi Minh City, Chairman of the Vietnam Farms and Agricultural Enterprises Association (VFAEA) Le Duy Minh laid stress on the world’s largest trade pact which covers a market of 2.2 billion people, with a combined GDP of 26.2 trillion USD or about 30 percent of global GDP. … [Read more...] about RCEP helps Vietnamese agricultural products reach out to the world

Hanoi (VNA) – Deputy Prime Minister and Foreign Minister Pham Binh Minh held talks with the Minister for Foreign Affairs and Cooperation of Timor-Leste, Adaljiza Albertina Xavier Reis Magno, via videoconferencing on January 12. The Timor-Lester official congratulated Vietnam on its success in the 2020 ASEAN Chairmanship, especially the signing of the Regional Comprehensive Economic Partnership (RCEP), and thanked the country for promoting the organisation of two teleconferences between representatives of the ASEAN Community’s economic and socio-cultural pillars and her country last year. She emphasised that Timor-Lester views joining ASEAN as one of the top priorities in its foreign policy. The minister also appreciated Vietnam’s assistance when her country faced difficulties, including exporting rice to help Timor-Leste ensure domestic food security. For his part, Minh expressed his delight at the growth in bilateral trade despite the COVID-19 pandemic’s … [Read more...] about Vietnam, Timor-Leste to maintain mutual support at regional, int’l forums

Within 15 to 20 years, Việt Nam will have removed 89.6 per cent of tariff lines for partner countries which, in return, will have removed up to 92 per cent of tariff lines for Việt Nam. Other ASEAN members will remove 85.9 per cent of all tariffs for Việt Nam.  … [Read more...] about Agricultural exports set to join more global value chains as new FTAs take effect