The US – China trade war would generate more opportunities than challenges for Vietnam’s real estate market, experts said at the Vietnam Real Estate Summit (VRES) in Hanoi on December 12.
Vietnamese businesses have been advised to apply the advance origin ruling mechanism to reduce risks amidst significant changes in global trade, such as the US-China trade war.
Authorities should closely monitor the import and export of goods, including goods origin, to prevent customs declaration fraud, a seminar heard in HCM City recently.
The US is the largest export market of Vietnam, with export turnover hitting 39 billion USD in the first ten months of 2018, representing a year-on-year increase of 12.8 percent.
Vietnam exported 7.24 billion USD worth of aquatic products in the past 10 months, up 6.2 percent year-on-year, reported the Agro Processing Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development.
A number of speakers delved into Vietnam’s development path at the fourth conference of strategic studies of the Cuban Center for International Policy Research (CIPI) held from October 24-26.
A Vietnam Report survey on the 500 most profitable companies in the country, which was announced this week, said most business insiders expect technology to remain the leader in attracting investment.
Thailand’s exports in September defied analyst expectations, dropping for the first time in 19 months, according to data from the country’s commerce ministry.
Rubber producers must develop specific risk management strategies, which cover market risks and product legality, in order to avoid getting hurt by the current US-China trade tensions, according to To Xuan Phuc, a senior policy analyst from Forest Trends.
Vietnam’s export value to the US reached 4.89 billion USD in August, the highest level since January this year, according to the General Department of Vietnam Customs.
Despite complicated changes in the world situation, Vietnam has shown strong performance in stabilizing prices and reining in inflation, keeping the average at only 3.57 percent in the first nine months over 2017.
Thailand is looking likely to record a 9 percent growth in exports this year, higher than the previous forecast of 8 percent, thanks to high global demand, according to the country’s Ministry of Commerce.
ASEAN unity and economic integration are the key factors for its members as trade tensions between the United States and China escalate, participants in a panel on the geopolitics of trade agreed at a session of WEF ASEAN.
Malaysia could be one of the three countries in Asia which are the most negatively affected by the trade war between the US and China if the dispute continue to worsen, according to Standard Chartered.
Prime Minister Nguyen Xuan Phuc said on August 30 that ministries, sectors and localities must not underestimate their tasks in the four remaining months of 2018 but carry out drastic solutions as many difficulties still arise from the domestic and global situation.
Malaysian Prime Minister Mahathir Mohamad believes that Malaysia stands to benefit from the trade war between the US and China, even though the conflict has triggered concerns over a global economic slowdown.
Thailand’s export turnover in July grew 8.27 percent to 20 billion USD in the 17th straight month of expansion, indicating that the country overall has not yet been affected by the US-China trade war.
Improving material supply and proving product origin are ways to limit the impact of trade defence lawsuits amid the growing US – China trade war, according to insiders.
The average export price of Vietnamese rubber fell in tandem with the global price, affected by the escalating US-China trade war, according to the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.
Business
