While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.
Despite pandemic-caused difficulties, Vietnam still posted a trade surplus of 4 billion USD, an impressive achievement partly attributed to free trade agreements (FTAs), especially the new-generation ones.
The COVID-19 pandemic might not end this year and business sectors could not fully recover, however, the situation will be more positive than 2021 thanks to the adaptation to ‘new normal’ conditions, said General Director Nguyen Thi Huong of the General Statistics Office (GSO).
The Vietnamese Ministry of Industry and Trade’s implementation of free trade agreements (FTAs) has produced positive results in the past two years, an official has said.
Trade ministers of Singapore and Japan on January 12 pledged to maintain the high standards of market access and rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The Republic of Korea (RoK) will submit an official application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in April next year, said Finance Minister Hong Nam-ki.
Despite COVID-19 impacts, Vietnam has seen an impressive reversal in import-export activities in the last months of the year, securing trade surplus for the sixth consecutive year.
Despite negative impacts of the COVID-19 pandemic, Vietnam continues to be an attractive destination for foreign investors, especially those operating in the warehouse sector, thanks to its advantage of geographical location and skilled labour force, according to CEO of BW Industrial Development JSC Lance Li.
A recent research by Standard Chartered has listed Vietnam among the 13 markets driving future trade growth, and with its enhanced integration into the global economy, the country is holding numerous advantages for bolstering export, the Cong Thuong (Industry & Trade) newspaper said.
The total import-export turnover between Vietnam and Australia reached a record of 14 billion AUD (10 billion USD) in the first 10 months of this year, an increase of 50 percent over the same period last year.
Vietnamese President Nguyen Xuan Phuc received Chilean Minister of Health Oscar Enrique Paris Mancilla in Geneva on November 29, as both were visiting Switzerland.
Vietnamese Ambassador to Australia Nguyen Tat Thanh paid a working visit to Victoria State to conduct activities to promote trade and investment cooperation between Vietnam and Australia.
The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.
The Vietnam Chamber of Commerce and Industry (VCCI) in coordination with the Central Institute for Economic Management (CIEM) on November 10 organised a virtual seminar on the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from the law-making perspective.
To align Vietnam's coffee, fruit and vegetable industries with international standards on responsible business practices and sustainable growth, the sectors have agreed to abide by a unifying Code of Conduct (CoC) on how they operate. The move was announced at a virtual workshop on October 27.
Two-way trade turnover between Vietnam and Canada increased by 12.8 percent last year and 28.5 percent in the first seven months of this year, reflecting a reliable and complementary trading partnership, Vietnamese Ambassador to Canada Pham Cao Phong has said.
Vietnam and Singapore should further optimise free trade agreements (FTAs) in which both sides are members such as the CPTPP and RCEP to strengthen partnership among businesses of both countries, Minister of Industry and Trade Nguyen Hong Dien has proposed.
Despite continuous trade surplus with Mexico, Vietnam’s market share in this market is only 1.3 percent. Therefore, businesses should take advantage of incentives from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to expand the presence of Vietnamese goods in Mexico, experts said.
The Trade Ministry of the Republic of Korea (RoK) on September 30 said that it is reviewing joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in line with its goal to play a leading role in trade in the region.
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