A batch of 160 tonnes of frozen shrimp products from the Minh Phu Seafood Corporation left port for the US, Europe, and Japan after a ceremony in the Mekong Delta province of Hau Giang on January 5.
The signing of the Regional Economic Partnership (RCEP) agreement marked Vietnam’s new step in economic integration, contributing to improving its role and position in the region and the world as well.
The commitment to market opening and tax incentives in the Regional Comprehensive Economic Partnership (RCEP) agreement will generate huge opportunities for Vietnam to increase its share in the 26 trillion USD market.
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.
Indonesia plans to exclude several “sensitive” commodities such as rice, weaponry and alcoholic beverages from its scheduled commitment to eliminating tariffs in the Regional Comprehensive Economic Partnership (RCEP).
The authorities of the northern province of Vinh Phuc are implementing a series of measures to help local enterprises fully tap the opportunities brought about by the EU-Vietnam Free Trade Agreement (EVFTA), which took effect in August 1.
The COVID-19 pandemic could provide a good opportunity for the Vietnamese fisheries sector to increase its share in oversea markets, especially with foreign rivals engulfed by lockdowns or other forms of restrictions, experts have said.
Vietnamese firms regardless of their scale need to get up to speed on digital transformation to enable them to further penetrate global markets, a webinar heard on August 26.
Vietnam is expected to continue growing its share of global exports despite decline amid the resurgence in the COVID-19 pandemic after three months of no local transmissions, according to an HSBC report.
Prime Minister Nguyen Xuan Phuc held a working session with leaders of the Mekong Delta localities and Ho Chi Minh City in Can Tho city on August 1 to discuss tackling difficulties in production and trade, and stepping up public investment capital disbursement.
The European Union (EU)-Vietnam Free Trade Agreement (EVFTA) is expected to trigger high-quality FDI flows from Europe to the Southeast Asian country, Vietnamese Trade Counsellor in Italy Nguyen Duc Thanh has told the Vietnam News Agency (VNA).
Quality standards, rules of origin, and legal aspects are said to be among the barriers Vietnamese businesses will have to overcome to gain a foothold in the European market under the EU-Vietnam Free Trade Agreement (EVFTA).
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.
Experts have suggested Vietnamese enterprises improve product quality standards to overcome barriers imposed by the fastidious yet promising EU market, thus optimising the advantages to be generated from the EU-Vietnam Free Trade Agreement (EVFTA).
The European Chamber of Commerce (EuroCham) has applauded National Assembly resolutions ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), its Chairman Nicolas Audier said.
Under EVFTA commitments, as soon as the agreement comes into effect, the EU will eliminate about 85.6 percent of tariff lines on Vietnamese goods, equivalent to 70.3 percent of Vietnam's revenue from exports to the bloc.
A new trade agreement between Vietnam and Cuba officially came into force earlier this month, and is expected to help bring bilateral economic, trade and investment ties on par with their sound political relationship.
The European Union-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), scheduled to become effective in July, will help improve Vietnam’s business and investment climate and boost its institutional reform, thus contributing to fostering its growth in a long term, according to an official.
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