Preferential export taxes offered by CPTPP are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade.
The participation in new-generation free trade agreements (FTAs) has proved to be a driving force for exports but also posed challenges for Vietnamese firms in meeting importers’ requirements and competing with foreign rivals right in the domestic market.
Exports of the southern province of Binh Duong hit nearly 10.4 billion USD in the first five months of 2019, a year-on-year rise of 12.2 percent, said Director of the provincial Department of Industry and Trade Nguyen Van Danh.
The export turnover of enterprises operating in the southern province of Dong Nai in the first five months of 2019 hit 7.7 billion USD, representing a year-on-year rise of 3.41 percent, according to the provincial Department of Industry and Trade.
Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.
The first National Forum on Developing Vietnam Technology Companies opened in Hanoi on May 9, with the attendance of Prime Minister Nguyen Xuan Phuc.
A delegation from the Party Committee of Wenshan prefecture in China’s Yunnan province led by its Secretary Tong Zhiyun paid a working visit to the northern mountainous province of Ha Giang on May 7-8, aiming to seek more opportunities to enhance bilateral ties.
The National Forum on Developing Vietnam Technology Companies will be held for the first time in Hanoi on May 9, said Deputy Minister of Information and Communications Phan Tam.
Minister of Industry and Trade Tran Tuan Anh has held a working session with head of China’s General Administration of Customs Ni Yuefeng to seek ways to boost bilateral trade ties in a more balanced and sustainable manner.
The Czech Republic-Vietnam Business Forum was held in Prague on April 17 within the framework of Prime Minister Nguyen Xuan Phuc’s ongoing visit to the European country, drawing representatives of more than 100 enterprises and investors of both sides.
Online import and export activities of small- and medium-sized enterprises (SMEs) are expected to develop further due to the low number of them currently embracing e-commerce, according to experts.
Four Vietnamese northern border provinces of Lang Son, Quang Ninh, Ha Giang and Cao Bang and China’s Guangxi Zhuang Autonomous Region will bolster friendship exchanges and practical cooperation, contributing to the Vietnam-China comprehensive strategic partnership.
The Mekong Delta is a large agricultural exporter as well as goods and machinery importer, but logistics in the region has been insufficient to promote agricultural production and exports.
The central province of Thanh Hoa aims to send 10,000 labourers to work abroad in 2019 and following years, according to the provincial Department of Labour, Invalids and Social Affairs.
The domestic sector exported goods worth 10.72 billion USD in the first two months of 2019, up 9.9 percent on year compared to a 4.3 percent growth posted by the foreign-invested sector.
The domestic sector exported goods worth 10.72 billion USD in the first two months of 2019, up 9.9 percent on year compared to a 4.3 percent growth posted by the foreign-invested sector.
Vietnam’s capital city of Hanoi earned an estimated 2.24 billion USD from exports in the first two months of this year, up 21.3 percent year-on-year, according the municipal Statistics Office.
HDBank was recently selected as Asia best service and Vietnam market leader in the “Trade Finance Survey 2019” by the English-language monthly magazine Euromoney.
