If Vietnam and China can further optimise their neighbourliness as well as the huge trade potential under the EU-Vietnam Free Trade Agreement (EVFTA), bilateral trade will reach a new height, an official said at an online business matching event on December 17.
The COVID-19 pandemic has disrupted global supply chains and exposed many large foreign investors in Vietnam to material shortages, and in response a number of domestic firms in support industries have taken the opportunity to become important “links” within those chains.
Experts have recommended the use of high-yield silkworm varieties that can adapt to Vietnamese conditions to reduce reliance on imports from China and other countries.
The Ministry of Industry and Trade (MoIT) has extended the time to decide the launch of an anti-dumping investigation on cold-rolled carbon steel coils and sheets imported from China by another 30 days.
Ho Chi Minh City’s 2018 spending on Chinese imports has exceeded 8.1 billion USD to date, an increase of more than 2.4 billion USD from the same period last year.
Malaysia’s imports and exports experienced a surge in July this year, announced the Ministry of International Trade and Industry (MITI) on September 4.
China was the biggest supplier of mobile phones and parts to Vietnam in
the first half of this year, accounting for 64.2 percent of the
country's imports of these products, the General Department of Vietnam
Customs said.
Chinese steel landing in Vietnam in the January-April period has seen a
yearly increase of 135.4 percent, which is in turn having an enormous
impact on Vietnamese steel sector, said Nguyen Van Sua, Vice Chairman of
the Vietnam Steel Association (VSA).
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