Politburo member Nguyen Van Binh, head of the Party Central Committee’s Economic Commission in Hanoi, hosted a reception for Adam Boehler, CEO of the US International Development Finance Corporation (DFC), on October 26.
Vietnam’s tuna exports to the Middle East and Africa have seen positive signs since the beginning of the year despite declines in overall seafood exports in the face of COVID-19, First Secretary and Head of the Trade Office at the Vietnamese Embassy in Egypt Nguyen Duy Hung said on October 25.
The Regional Comprehensive Economic Partnership (RCEP) agreement is set to be signed next month at the 4th RCEP Summit during the 37th ASEAN Summit in Vietnam in mid-November, Cambodian Minister of Commerce Pan Sorasak has said.
Indonesia recorded a deficit of 2.81 billion USD in trade of agricultural products in January-August this year, with exports valued at 2.4 billion USD and imports touching 5.21 billion USD, according to the country’s Ministry of Trade.
Vietnam’s current account surplus could narrow to 3.7 percent in 2020 from 4.9 percent last year due to the impacts of the COVID-19 pandemic, according to Fitch Solutions.
The State-owned electricity giant PLN estimates that Indonesia needs more than 31,000 new electric vehicle (EV) charging stations by 2030 to reach government goals.
China is currently Vietnam’s largest import source and second-largest export market, while Vietnam is its northern neighbour’s eighth-largest trade partner. China is also the first trade partner of Vietnam to surpass the 100 billion USD milestone.
Ministers from 15 Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership (RCEP) agreement on August 27 said they have made "significant progress" toward the signing of the deal by the end of the year, while whether India will stay on as a member of the framework remains uncertain.
Vietnam and China should extend the working hours for customs clearance at border gates and restore cross-border trade at markets along the border, Le Hoang Oanh, Director of the Ministry of Industry and Trade (MoIT)’s Asia-Africa Market Department, told an online meeting on August 13.
Vietnam’s trade surplus with the rest of the world stood at 6.5 billion USD in the first seven months of this year amidst a decline in global trade due to the COVID-19 pandemic.
The government is reviewing the continuation of the free trade agreement (FTA) with ASEAN in the wake of the trading bloc’s reluctance to address India’s concerns over what it believes are asymmetries in the trade pact during the last ten years. According to Times of India, the country’s main grouse is the rising trade deficit with the 10–country bloc.
Vietnam might record high economic growth in the post-pandemic period thanks to the swiftness of structural reforms and trade facilitating measures and emerge as the perfect example for recovery, an Indian scholar has said.
Vietnam and China defined major tasks in the time ahead to beef up their comprehensive strategic cooperative partnership in a sustainable way, during the 12th meeting of the Steering Committee for Vietnam-China Bilateral Cooperation held in the form of teleconferencing on July 21.
Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.
Ministers from Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership began a videoconference on June 23, with how to bring India back to the talks among the focuses.
Ministers from Asia-Pacific countries negotiating the Regional Comprehensive Economic Partnership (RCEP) began a videoconference on June 23, with how to bring India back to the talks among the focuses.
Vietnam exported goods with an estimated value of 99.36 billion USD in the first five months of 2020, a year-on-year decline of 1.7 percent. Export turnover of domestic businesses maintained double-digit growth, however, of 10.4 percent, reaching 33.3 billion USD.
Following the first five months of 2020, Vietnam enjoyed a trade surplus of 1.88 billion USD. Of that figure, foreign direct investment firms accounted for 10.52 billion USD while domestic firms accounted for 8.64 billion USD.
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