The most integrated type of trading bloc or regional trade agreement is an

Workers of Thuan An Wood Processing Joint Stock Company check products. Wood exporters should be prepared to deal with trade investigations that increase with rapid international integration. — VNA/VNS Photo Experts have urged wood exporters to diversify markets, standardise supply chains and be well equipped with trade defence knowledge in the face of increasing trade protectionism. According to the Viet Nam Administration of Forestry, the stronger the wood export, the higher the risk the wood industry faced with trade defence lawsuits. Ngo Sy Hoai, Deputy President of the Viet Nam Timber and Forest Product Association, said that the wood export of Viet Nam increased sharply in recent years. Viet Nam was currently the fifth largest wood exporter in the world, Hoai said, adding that together with the trend of trade liberalisation with several free trade agreements (FTAs) Viet Nam signed, other countries were increasing trade defence measures with Viet Nam. Viet Nam … [Read more...] about Wood exporters urged to prepare for increased trade remedy investigations

The Association of Southeast Asian Nations, or ASEAN, was established on August 8, 1967, marking the start of the process of deepening its integration for peace, stability, and development in Southeast Asia and the region. Minister of Foreign Affairs Bui Thanh Son From a group of Southeast Asian countries divided by war, through 55 years of construction and development, ASEAN is today one of the most important, prestigious, and successful regional organisations in the world. It has become a shared home for more than 650 million people across all 10 Southeast Asian countries which boast diverse cultural identities, the fifth-largest economic community in the world, and a reliable and important partner of many countries. ASEAN plays a central role in important processes of dialogues, cooperation, and also linkages throughout the region. Shared vision and identity The birth of ASEAN 55 years ago reflected the common aspirations of many countries in the region … [Read more...] about Building on the ASEAN Community

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn (Photo: AP) Phnom Penh (VNA) - The 55th ASEAN Foreign Ministers' Meeting ( AMM-55 ) and related meetings have successfully concluded, with some 30 documents on regional cooperation adopted, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said on August 6. "We have reviewed the progress made thus far to strengthen ASEAN's community building, advance regional integration, and enhance our cooperation with external partners," he told a press conference. The official said that over the course of three and a half days, 19 meetings were held back-to-back, with the participation of foreign ministers and representatives from 38 countries. On the COVID-19 pandemic, he said the ASEAN foreign ministers encouraged the effective operationalisation of the ASEAN Regional Reserve of Medical Supplies for Public Health Emergencies. He added that the ministers also stressed the need to strengthen supply … [Read more...] about Cambodia announces outcomes of AMM-55 and related meetings

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

The potential for exporting agricultural products and food from Krasnodar province to Vietnam was tabled at a roundtable held on August 3. Egor Robskyi, Deputy Director of the Chamber of Commerce and Industry of Krasnodar province, affirmed the great potential for business collaboration between the province and Asia-Pacific region, and Vietnam in particular, when the two countries established a full strategic partnership and Vietnam has signed a free trade agreement with the Eurasian Economic Union (EAEU). Kirill Arzamazov, deputy director of the Department of Investment and Small and Medium Business Development of Krasnodar province, talked about the possibilities of developing economic partnership between Kuban region and Vietnam, adding that such a meeting create momentum to increase bilateral trade. Representatives of Vietnamese companies and Krasnoda firms discussed the potential for signing contracts and exporting of sunflower and vegetable oil, cereals, rice, soybeans and … [Read more...] about Vietnamese companies seek cooperation with Russia’s Krasnodar province

Hanoi (VNA) - The following is a list of selected news summaries last weekend by the Vietnam News Agency. Prime Minister Pham Minh Chinh visits Terminal S8 on Cau Giay street of the Nhon-Hanoi Station urban railway. (Photo: VNA) - Elevated sections of the urban railway from Nhon to Hanoi Station must be completed before December 31, 2022 Prime Minister Pham Minh Chinh said at a meeting with contractors and leaders of concerned ministries and Hanoi on August 7. Read full story - Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said when attending a workshop seeking ways to developing this kind of ginseng into a national brand in the central province of Quang Nam on August 6. Read full story -  Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, … [Read more...] about ☀️ Morning digest August 8