Along with sound political relations, economic-trade ties have been one of the most successful endeavours within Vietnam-US relations. The US is currently one of Vietnam’s largest trading partners.
A Thailand – Vietnam business forum took place in Bangkok on August 15, focusing on ways to further promote trade relations between the two nations and closer connections between their businesses.
Vice Chairman of the National Assembly Nguyen Duc Hai received a delegation of the US Congress led by Chairman of the House of Representatives' Committee on Ways and Means Jason Smith in Hanoi on August 4.
Throughout 28 years of membership, the economic-trade ties between Vietnam and ASEAN members have grown tremendously, both in scope and depth. In 2022, Vietnam-ASEAN trade reached a record high, exceeding 80 billion USD, compared with 6 billion USD in 1996 when it first joined the ASEAN Free Trade Area (AFTA).
The Vietnam – US trade relations are enjoying strong growth after the US concluded its investigation related to Section 301 into Vietnam’s alleged import and use of timber illegally harvested or traded, and removed Vietnam from its currency manipulation list, said Trade Counsellor of Vietnam in the US Do Ngoc Hung.
Trade between Vietnam and the US increased to 123.86 billion USD in 2022 from 6.78 billion USD in 2005. In particular, last year, Vietnam's exports to the US surpassed 100 billion USD for the first time.
Vietnam - Netherlands trade relations have been thriving over the years, especially since the two countries upgraded their relations to a comprehensive strategic partnership in 2019.
Vice chairman of the northern province of Cao Bang Nguyen Trung Thao has suggested companies from the locality and the city of Baise in Guangxi Autonomous Region of China prioritise capital to potential sectors such as logistics, processing-manufacturing, and high technology.
Vietnam-Malaysia trade relations have been thriving over the years, especially since the two countries established their strategic partnership in August, 2015.
Local management officials and representatives of the business communities of Vietnam and Cambodia joined a Vietnam-Cambodia trade and investment promotion conference in Phnom Penh on December 17.
Vietnam's consumer market has great potential to grow, and the country has shown good resilience after the COVID-19 pandemic, according to Corey To, an economist from the Hong Kong Trade Development Council (China).
Vietnamese Foreign Minister Bui Thanh Son paid a courtesy visit to Australian Prime Minister Anthony Albanese on September 12 on the occasion of his official visit to Australia to co-chair the 4th Vietnam - Australia Foreign Ministers' Meeting.
The Vietnam-ASEAN trade relations have been thriving and reaped remarkable results over the years. After COVID-19, bilateral trade recovered and enjoyed growth in 2021, exceeding 70 billion USD and posted a year-on-year surge of 30%.
The Ministry of Industry and Trade will focus on solutions to tighten Vietnam’s economic and trade relations with European and American partners, Minister Nguyen Hong Dien has affirmed.
A Vietnamese consumer goods week kicked off at the Carrefour supermarket in Collégien city of France on November 4, with the presence of Minister of Industry and Trade Nguyen Hong Dien, in the framework of Prime Minister Pham Minh Chinh's official visit to France.
Vietnam and India are emerging as economic powers in the region that will make a difference in the post-pandemic times, The Economic Times cited Indian Ambassador to Vietnam Pranay Verma as saying.
The US Trade Representative (USTR), in its report released on January 15 on findings in the Section 301 investigation of Vietnam’s acts, policies, and practices related to currency valuation, did not mention or recommend the imposition of tariff or any sanction measures on Vietnam’s exports, the Ministry of Industry and Trade said on January 16.
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