Vietnamplus

The US supports a strong, independent and prosperous Vietnam that plays an increasingly important role in the region, contributing to peace, stability, cooperation and development in the region and the world, said US National Security Advisor Robert O’Brien.

The Inside US Trade has published an article entitled “US, Vietnam working to avoid imposition of Section 301 tariffs”.

Vietnamese Ambassador to the US Ha Kim Ngoc has held a phone talk with Congressman Ted Yoho, a senior member of the House Foreign Affairs Subcommittee on Asia, the Pacific and Nonproliferation (116th tenure), on the occasion of his office at the House of Representatives ending.

Minister of Industry and Trade Tran Tuan Anh, who is also Chairman of the Vietnam - US Trade and Investment Framework Agreement (TIFA) Council, has held phone talks with US Trade Representative (USTR) Robert Lighthizer to discuss bilateral economic and trade issues.

The forestry sector targets the export value of timber and forest products to reach 14 billion in 2021, according to the Vietnam Administration of Forestry.

Vietnamese exporters in the steel and mechanic sectors expect to get easier access to the UK market following the signing of the UK-Vietnam Free Trade Agreement (UKVFTA) last month.

The UK-Vietnam Free Trade Agreement (UKVFTA), which will come into force at 23:00 on December 31, 2020, will open the door wider for bilateral economic and trade ties and help form a solid foundation for their strategic partnership to reach a new height.

The UK-Vietnam Free Trade Agreement (UKVFTA) is expected to intensify economic cohesion and reciprocation between the two countries, thus deepening and elevating the bilateral strategic partnership, said a diplomat. ​

Demand for bamboo products is rising globally, offering Vietnam the opportunity to foster the industry.

The Vietnam Trade Office in Algeria has introduced a 65-page handbook on doing business with Benin in a bid to equip Vietnamese enterprises with information on the market and tips for successful transactions.

Prime Minister Nguyen Xuan Phuc held phone talks with US President Donald Trump on December 22.

Wood export turnover this year is expected to reach a record high of nearly 12.5 billion USD despite impacts of the COVID-19 pandemic as well as risks from export markets and the country’s policy changes in controlling the legality of imported wood materials.

Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.

Thanks to trade promotion activities, export markets of Vietnam have been expanded from 72 countries and territories in 2009 to 180 in 2019.

Though COVID-19 has hampered exports, the agricultural sector remains confident of achieving this year’s export target of over 41 billion USD.

The Joint Committee under the Vietnam-EU Comprehensive Partnership and Cooperation Framework Agreement (PCA) held the second meeting in both virtual and face-to-face forms on December 15.

Vietnam and the Republic of Korea (RoK) have signed an action plan to complete the target of raising their bilateral trade to 100 billion USD by 2023.

A Vietnamese architect has been named among the most influential women in the world by the BBC. Chu Kim Duc joined the list of the top 100 women of the year for her efforts to build playgrounds for children all around Vietnam.

Vietnam sustained an export growth rate of over 5 percent during the last 11 months, helping the trade surplus hit a record that almost doubled the figure in the same period of 2019.

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.