The ASEAN Economic Ministers (AEM) group is keen to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the COVID-19 pandemic.
A total of 13 joint venture agreements worth 107 million RM (25.44 million USD) were inked at the Malaysian Commercialisation Year Summit (MCY Summit) 2021 recently, the Malaysian Science, Technology and Innovation Ministry (MOSTI) reported on March 15.
As the export of Vietnam’s timber and wooden products posted positive signs in the first two months of 2022, many firms are increasing capacity to meet the schedule of orders until the end of this year’s second quarter.
Vietnam will remain one of the best investment destinations for industrial real estate in Southeast Asia for the next 10 years and beyond, experts said at a recent conference in Ho Chi Minh City.
The Ministry of Industry and Trade (MoIT) will focus on some cooperation fields with the US this year and hopes to receive support from businesses of the country, Deputy Minister of Industry and Trade Do Thang Hai has said when meeting a delegation of the US-ASEAN Business Council (USABC) in Hanoi.
Vietnamese coffee firms are advised to capitalise on chances offered by free trade agreements (FTAs) to bolster shipments to Japan, as Vietnamese coffee is being favoured by local consumers amid an increasing demand for instant type, according to the Vietnam Trade Office in Japan.
Fourteen Vietnamese firms recently showcased their products at the "White Label World Expo London 2022", which was the UK’s largest event for professional online sellers.
The agricultural sector will have to reform its production mindset so as to turn Vietnam into one of the countries with leading agriculture in the world, according to Minister of Agriculture and Rural Development Le Minh Hoan.
The Tra fish industry aims to earn 1.6 billion USD from tra fish export, and produce between 1.6 – 1.7 million tonnes of tra fish products in 2022, according to Nhu Van Can, head of the Aquaculture Department of the Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD).
Vietnamese wood and furniture products are expected to grow in 2022 due to the purchasing demand of the international market along with meeting necessary factors in Free Trade Agreements (FTAs).
A series of large consignments of many industries have been exported to other countries before and during the Tet (Lunar New Year) festival signal hope for Vietnam’s export.
Thailand planned to negotiate bilateral travel agreements with neighbours China and Malaysia this month as part of its efforts to promote tourism recovery in the coming time, according to Thai Government spokesman Thanakorn Wangboonkongchana.
Singapore and Japan have re-affirmed their sound bilateral relations amid current challenges, and hoped to enhance collaboration in digitalisation, innovation and the green economy, as well as infrastructure cooperation in third countries.
Indonesia will give priority to the early ratification of a number of bilateral trade agreements, particularly a comprehensive economic partnership agreement (CEPA) with the United Arab Emirates (UAE), according to the country's Trade Minister Muhammad Lutfi.
Many insiders believe that 2022 will be a promising year for the steel industry when the pandemic is brought under control and construction demand rebounds strongly.
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 visit to Cambodia by Vietnamese Minister of Foreign Affairs Bui Thanh Son from January 19-20 aims to realise agreements reached by senior leaders of the two countries, said Vietnamese Ambassador to Cambodia Nguyen Huy Tang.
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.
ASEAN
