Korean businesses investing in Vietnam can capitalise on preferential treatment under free trade agreements (FTAs) that Vietnam has signed to boost exports, an official has said.
The sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.
The Ministry of Agriculture and Rural Development’s General Department of Forestry is confident of reaching the export target for timber and wooden products of 13 billion USD for the whole year 2020.
Vietnam should not legalise the use of electronic cigarettes (e-cigarettes) and heated-tobacco-products (HTPs) immediately but conduct a pilot phase allowing the production, import and trading of this new-generation cigarettes in the country, officials have said.
Experts believe Vietnam this year will reach its export target for timber and wooden products at 12 billion USD, despite the impact of the COVID-19 pandemic.
Vietnam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.
Fees for takeoff and landing and aircraft operating services for domestic flights will continue to be cut by 50 percent for the next six months to support airlines affected by the COVID-19 pandemic, according to a Transport Ministry circular.
The Republic of Korea is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value.
The Republic of Korea (RoK) is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value.
Several automakers are considering assembling their best-selling models in Vietnam due to the Government’s policy of zero import tariffs on components and a 50 percent reduction in registration fees.
The domestic automobile market is expected to thrive in the second half of 2020 after a long stagnation due to the COVID-19 pandemic, driven mainly by the Government’s great support and strong discounts from dealers.
Flexible rules of origin in the European Union-Vietnam Free Trade Agreement (EVFTA) will help local plastic enterprises take full advantage of preferential tariffs when exporting to the EU market.
The Ministry of Industry and Trade (MoIT) and the Hanoi Department of Industry and Trade have held a two-day conference with a view of helping firms understand more about commitments in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The European Chamber of Commerce in Vietnam (EuroCham) proposed the Government to apply a 50 percent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles.
The EU-Vietnam Free Trade Agreement (EVFTA), which is expected to take effect on August 1, will not only help to raise export turnover but also increase the competitiveness of Vietnamese fruit and vegetables and fisheries products in the European market.
Market operation is a decisive factor for Vietnam if the country is to make full use of the advantages brought about by the EU-Vietnam Free Trade Agreement (EVFTA) and lure foreign investment effectively, experts say.
In the post-pandemic period, if the Vietnam-EU Free Trade Agreement (EVFTA) is put into effect, businesses will gain a huge advantage from reducing or removing tariff barriers to the EU to exploit the market.
National Assembly (NA) deputies officially ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on June 8 morning.
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XIII National Congress of Communist Party of Vietnam
