With strategic vision, an increasingly favourable trade and investment environment, and proactive engagement from businesses on both sides, economic cooperation will continue to be a bright spot in the comprehensive relationship between the two countries.
The new tariff was detailed in an Executive Order signed by President Donald J. Trump on August 1 (Vietnam time), which adjusts rates for 69 countries and territories listed in Annex I.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Prime Minister Pham Minh Chinh called on Vietnam and Saudi Arabia to realise commitments to stronger economic links while receiving the Middle Eastern country’s Minister of Economy and Planning Faisal bin Fadhil Al-Ibrahim in Riyadh on October 30.
Economic and trade ties between Vietnam and New Zealand have developed continuously since the upgrade of bilateral ties to strategic partnership in September 2009, and the upcoming visit to New Zealand by Prime Minister Pham Minh Chinh is an occasion for leaders of both countries to discuss orientations to further consolidate political trust and multifaceted cooperation.
Amid the falling number of orders, the Vietnamese Ministry of Industry and Trade (MoIT) is focusing on measures in support of enterprises to fuel production, improve competitiveness and reduce costs.
Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25.
President Nguyen Xuan Phuc on November 17 attended and opened the 2022 Vietnam Goods Week in Thailand, which has attracted the participation of more than 70 businesses.
A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.
Morocco announced that it has initiated an anti-dumping investigation into bike and motorcycle tires originated or imported from Vietnam, the Vietnamese Ministry of Industry and Trade (MoIT) said.
China has remained Vietnam’s biggest trade partner, while Vietnam has continued to be the sixth largest trade partner of the neighbouring country, and the biggest in the Association of Southeast Asian nations (ASEAN) despites impacts of the COVID-19 pandemic and geopolitical upheavals in the world.
Vietnamese enterprises should focus on meeting quality requirements and ensuring green and sustainable growth, experts said at the Vietnam-EU Trade Forum held in Ho Chi Minh City on September 29.
More than 150 Indian firms operating in different spheres in India attended a trade promotion programme held by the Vietnamese Ministry of Industry and Trade in New Delhi on July 18.
The Australian Anti-Dumping Commission (ADC) has concluded that Vietnamese exporters were not dumping copper pipes in Australia due to inconsiderable dumping margins, reported the Vietnamese Ministry of Industry and Trade’s Trade Remedies Authority.
The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region Government (China) jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership on September 20.
The Vietnamese Ministry of Industry and Trade and the Chinese Ministry of Commerce have signed memorandum of understanding (MoU) on the establishment of a Working Group on Vietnam-China Trade Facilitation and the bilateral cooperation plan in the 2021-2025 period.
The Trade Facilitation Office (TFO) Canada and the Vietnamese Ministry of Industry and Trade’s Trade Promotion Agency (VIETRADE) signed a cooperation agreement via videoconference on June 1 to improve the export capacity of women-led enterprises in Vietnam during the 2021-2024 period.
