Most notably, the UK, which is completing the Brexit process, will remain part of the EU trade pact with Vietnam until the end of 2020. UK ambassador to Vietnam Gareth Ward told British companies in a recent online conference that both the UK and Vietnam are working on a bilateral trade deal, with an agreement expected to be reached by the end of the year. … [Read more...] about EVFTA could turn Vietnam into new destination for manufacturers: Nikkei
Vietnam eu trade
Hanoi (VNA) - Vietnam exported goods with an estimated value of 99.36 billion USD in the first five months of 2020, a year-on-year decline of 1.7 percent. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4 percent, reaching 33.3 billion USD. The outcome is considered a highlight of goods exports since early in the year, especially given that the export turnover of the FDI sector fell 6.9 percent year-on-year due to the impact of COVID-19, according to trade experts. The US remained Vietnam’s largest market in the first five months, with turnover of 24.6 billion USD, up 8.2 percent, followed by China, the EU, ASEAN, Japan, and the Republic of Korea. From January to May, Vietnam posted a trade surplus of nearly 1.9 billion USD - a much better result than the trade deficit of 256 million USD in the same period last year. The figure is encouraging amid the pandemic, which has seen restrictions placed on a number of trade activities at border … [Read more...] about Vietnam striving to boost export growth over remainder of 2020
The Phu Quoc Express Joint Stock Company’s high-speed boats will be run on the route, the first of its kind in Ca Mau.The boat which can transport 300 passengers can help to save much time for the travel between Ca Mau and Kien Giang. At present, people from Ca Mau Province have to travel for nearly 100 kilometres to Phu Quoc Island. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 5
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. … [Read more...] about Can Viet Nam could take advantage of new foreign investment strategies?
These statements come from Nicolas Audier, Chairman of the European Chamber of Commerce in Vietnam (EuroCham), at a dialogue themed “Administrative Reforms: Key Role in Implementation of EVFTA” held in Hanoi on June 30 between EuroCham and the Government’s Advisory Council for the Administrative Procedure Reform. Audier noted that the country could potentially become a role model globally in terms of dealing with the novel coronavirus (COVID-19) pandemic following its initial success in having contained the disease in recent times. … [Read more...] about EuroCham executive believes golden chance lies ahead to implement EVFTA