A seminar discussing policies on the phone components industry was recently held by the Department of Trade Promotion (Vietrade) under the Ministry of Industry and Trade and the Korea Trade-Investment Promotion Agency (KOTRA).
Joining free trade agreements (FTAs), Vietnam has many opportunities to attract foreign direct investment (FDI) flows, but it also needs to take solutions to prevent frauds and abuse of State policies to illegally enjoy export incentives.
Exports to China have surged in recent years, with the trend forecast to continue, so Vietnamese enterprises have been urged to keep tabs on the huge market.
Prime Minister Nguyen Xuan Phuc, his spouse and a high-ranking delegation of Vietnam left Hanoi on October 14 morning for Vienna, Austria, to attend the 12th ASEM Summit (ASEM 12) and the Partnering for Green Growth and the Global Goals 2030 Summit (P4G).
The Trade Ministry of the Republic of Korea has announced that it will hold a second meeting of a government-civilian panel to discuss winning major projects from the United Arab Emirates and Vietnam on June 22.
China has overtaken the US to become Vietnam's largest importer as of January 2018, accounting for 77 percent of the country’s export market, official statistics show.
The target of 70 billion USD in two-way trade is achievable if Vietnam and the Republic of Korea (RoK) optimise the bilateral free trade agreement (FTA).
The production suspension and recall of Galaxy Note7, a smartphone previously hoped to be a Samsung flagship product this year, will not have much impact on Samsung Vietnam’s export revenue in 2016.
Vietnam exported almost 249 million USD worth of commodities to Italy in
January, an annual increase of 36.39 percent, according to the
Information Centre under the Ministry of Industry and Trade.
Phones and phone parts continued to be the biggest export earner in the
first eight months this year, with total revenue expanding 13.7 percent
year-on-year to 15.22 billion USD, the Saigon Times Daily reported,
citing figures released by the General Statistics Office.
Vietnam is facing a great opportunity to develop its supporting
industry. However, proposals are needed regarding the best ways to take
advantage of opportunities. Certainly, efforts of the government as well
as Vietnamese businesses are vital, the Communist Party of Vietnam
(CPV) Online Newspaper said.
Vietnam-India trade reached over 1.3 billion USD in the first quarter of
2013, representing a 40.2 percent rise from the same period last year,
according to the Vietnamese trade counselor in India .
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