Viet Nam News HÀ NỘI — The Việt Nam-Korea Free Trade Agreement (VKFTA), which took effect on December 20, 2015, has played an important role in attracting investments from the South Korea to Việt Nam and helping the Southeast Asian nation integrate deeper into the regional economy. Lê An Hải, Deputy Director of the Vietnamese Ministry of Industry and Trade (MoIT)’s Department of Asia and Africa Markets, made the statement at a forum on VKFTA utilisation and implementation held in Hà Nội yesterday. Việt Nam is currently the fourth largest recipient of foreign direct investment (FDI) from South Korea, while the East Asian country is the biggest foreign investor in Việt Nam with total registered capital of more than US$58 billion, Hải stressed. “The target of increasing bilateral trade volume to $100 billion by 2020 is possible towards creating more linkages between the two … [Read more...] about Việt Nam-Korea FTA gives boost to two-way trade
Two way trade
Vietnam-Korea FTA gives boost to two-way trade, investment
Le An Hai, Deputy Director of the Vietnamese Ministry of Industry and Trade (MOIT)’s Department of Asia and Africa Markets, made the statement at a seminar held in Hanoi on May 9. Vietnam is currently the fourth largest recipient of foreign direct investment (FDI) from the RoK, while the East Asian country is the biggest foreign investor in Vietnam with total registered capital of more than 58 billion USD, Hai stressed. The Vietnam-Korea Free Trade Agreement (VKFTA) has played an important role in attracting investments from the Republic of Korea to Vietnam. Photo: tapchitaichinh Park Chulho, General Director of the Korea Trade-Investment Promotion Agency (KOTRA) in Hanoi, said that the free trade deal with Vietnam has opened opportunities for RoK businesses to expand their market. The seminar would help enterprises of both nations to share experience and take advantage of preferential policies offered by the VFKTA, he said, adding that the move will foster … [Read more...] about Vietnam-Korea FTA gives boost to two-way trade, investment
Vietnam, Myanmar look towards US$1 billion in two way trade
Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving US$1 billion or higher in two-way trade during their talks in Hanoi on April 19. PM Nguyen Xuan Phuc (R) and State Counselor of Myanmar Aung San Suu Kyi - Photo: VGP The talks took place right after the welcome ceremony the same day. Theo VNA … [Read more...] about Vietnam, Myanmar look towards US$1 billion in two way trade
VN, Myanmar aim for $1b in two-way trade
Viet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on a win-win basis in order to achieve two-way trade valued at US$1 billion or higher during their talks in Hà Nội yesterday. The talks took place right after the welcome ceremony the same day. The Vietnamese PM expressed his support for Myanmar during its national reconciliation and construction. Aung San Suu Kyi congratulated Việt Nam on obtaining important achievements over the past 30 years of renovation, especially in ensuring social welfare and sustainable development. Both sides shared the view that the upgrade of bilateral ties to a comprehensive strategic partnership during the visit to Myanmar by Party General Secretary Nguyễn Phú Trọng in August 2017 has opened up a new chapter in bilateral ties. Political, national defence-security and … [Read more...] about VN, Myanmar aim for $1b in two-way trade
Vietnam, Myanmar look towards 1 bln USD in two-way trade
Prime Minister Nguyen Xuan Phuc (R) and State Counselor of Myanmar Aung San Suu Kyi (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony the same day. The Vietnamese PM expressed his support for Myanmar during the national reconciliation and construction. Aung San Suu Kyi congratulated Vietnam on obtaining important achievements over the past 30 years of renovation, especially in ensuring social welfare and sustainable development. Both sides shared the view that the upgrade of bilateral ties to comprehensive strategic partnership during Myanmar visit by Party General Secretary Nguyen Phu Trong in August 2017 has opened up a new chapter in bilateral ties. Political, national defence-security, … [Read more...] about Vietnam, Myanmar look towards 1 bln USD in two-way trade