The Vietnam National Oil and Gas Group (PetroVietnam) has fulfilled and surpassed most of the production targets set for September and the first nine months of this year.
Vietnam’s Minister of Industry and Trade Tran Tuan Anh joined policymakers, researchers and representatives of energy companies from 26 countries at the LNG Producer-Consumer Conference 2019 in Tokyo on September 26.
The final round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between ten ASEAN member states and their six partners: Australia, China, India, Japan, New Zealand and the Republic of Korea – will focus on resolving issues and reaching mutual ground on market openness, trade freedom for goods and services as well as investment.
Some Vietnamese exports have been investigated for origin fraud and tax evasion, which requires tougher action from the Vietnamese Government to settle the problem and keep its exports growing.
Economic ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) affirmed the countries’ coordination to successfully carry out CLMV action plans at their 11th meeting in Bangkok on September 5.
The 51st ASEAN Economic Ministers’ Meeting (AEM 51) and related meetings officially opened in Bangkok on September 6, bringing together economic leaders from the 10 member countries of the Association of Southeast Asian Nations (ASEAN) and partner countries.
Leaders of the Ministry of Industry and Trade, the northern localities of Quang Ninh, Hai Phong and Hai Duong as well as representatives of enterprises from across the nation attended a conference in Ha Long city on August 28 to get a thorough understanding of Vietnam’s major commitments in the just-signed EU-Vietnam Free Trade Agreement (EVFTA).
To penetrate into the European market, businesses should acquire a thorough understanding of regulations on protection and implementation of intellectual property rights.
Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them.
Overcoming tariff barriers doesn’t mean Vietnamese good and services can easily enter the European Union (EU), but they still have to satisfy strict non-tariff requirements of what is one of the world’s most demanding markets, according to Minister of Industry and Trade Tran Tuan Anh.
A Vietnamese delegation attended the Vietnam – Laos conference for the development of the industry-trade, energy and mining sectors in the Lao capital of Vientiane from August 16 to 18.
According to the head of the Europe-America Department under the Ministry of Industry and Trade, major firms will have to face various provisions by the host countries when they broaden investment.
Domestic production has faced strong competition as the US and China are increasing exports to Vietnam on the back of their escalating trade war, head of the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam Le Trieu Dung said on August 9.
According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents.
Minister of Industry and Trade Tran Tuan Anh has directed relevant agencies to coordinate and implement the most effective solutions to ensure the achievement of export growth targets.
Vietnam’s export turnover in July reached 22.60 billion USD, lifting the country’s export value in the first seven months of 2019 to 145.13 billion USD, up 7.5 percent year-on-year.
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