The Vietnam-UK Free Trade Agreement (UKVFTA) was officially signed in London on the evening of December 29, 2020 (Vietnam time) and officially took effect from 23:00 on December 31, 2020. This is a historical event with important significance in the relationship between the two countries.
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.
Food, beverages, and agricultural products can be viewed as the commodity groups which have enjoyed robust growth through e-commerce platforms, with each of them anticipated to see plenty of room for further development, heard a workshop in HCM City.
The first meeting of the Vietnam-Germany Joint Committee for Economic Cooperation was held online on January 12, during which participants discussed the cooperation possibilities in industry and trade, manufacturing-processing, energy, and education-training.
Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.
Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh has asked the Ministry of Foreign Affairs (MoFA) to keep a close watch on, and resolutely and persistently fight to firmly protect Vietnam’s sea and islands sovereignty and legitimate interests in the East Sea.
The Rusvesna (Russian Spring) e-newspaper on January 11 ran an article expressing impression on Vietnam’s achievements in economic development, poverty reduction, COVID-19 prevention and control and foreign affairs under the leadership of the Communist Party of Vietnam (CPV).
Prime Minister Nguyen Xuan Phuc on January 11 said the Vietnam Oil and Gas Group (PetroVietnam) needs to remain a role model in expanding markets, optimising opportunities, connecting investment, and reviving growth, among other matters.
The southern province of Binh Phuoc, dubbed Vietnam’s “cashew capital”, is working towards boosting the popularity of its cashew nuts among global consumers, especially in demanding markets such as the US and the EU.
Australian businesses will have a great chance to be successful with their business in Vietnam once they embrace and respect the local culture, treat Vietnamese workforce with respect, and speak a little slower than they do at home, said Austal CEO Patrick Gregg.
Ho Chi Minh City’s credit growth amounted to some 2.4 quadrillion VND (104 billion USD) as of the end of 2020, making up nearly 27 percent of the country’s total.
Vietnam’s port sector will flourish this year as trade in goods is expected to thrive on the back of recovery in production, domestic consumption, and export markets, according to industry analysts.
Retail petrol prices rose by more than 400 VND from 3pm on January 11, the fourth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance.
Vietnam’s e-commerce market is forecast to continue growing strongly in the time to come thanks to a big population with high rates of young people and internet users.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) sets to increase pre-tax profit by 12 percent year-on-year to 25.2 trillion VND this year, said Director-General Pham Quang Dung at a Hanoi conference on January 11.
The Hanoi People’s Court has decided to reopen the first-instance trial for ex-Minister of Industry and Trade Vu Huy Hoang and nine accomplices on January 18.
Huynh Quang Hung, Chairman of the Phu Quoc City People’s Committee, talks to the Vietnam News Agency on the establishment of Phu Quoc city – the country’s first island city.
Vietnam has highlighted India’s economic achievements despite global instabilities, trade tension and the COVID-19 pandemic at the WTO’s 7th review of India’s trade policies and practices.
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