The Department of Asia-Africa Markets on January 15 said that last year, the global economy and trade activities between Vietnam and China saw many difficulties and challenges. Given the two countries’ efforts in controlling Covid-19, the disease caused by the coronavirus, bilateral trade remained stable. … [Read more...] about Vietnam’s trade deficit with China hits US$35.2 billion in 2020
European union vietnam free trade agreement
VIETNAM BUSINESS NEWS JANUARY 17
The Import-Export Department under the Ministry of Industry and Trade has recently held a meeting with the Vietnam Maritime Administration about the lack of empty containers and rising rental charges. At the meeting, many firms in the fisheries, plastic and timber sectors have raised concerns over the unprecedented consecutive price hikes in the past three months. According to the firms, the hike is unreasonable and shipping firms need to be more transparent and a more reasonable price hike rate. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 17
US not impose tariff or sanction on Vietnam’s exports
“Trade actions are an inappropriate means by which to address currency valuation questions,” he said in a statement, adding that the business community strongly encourages the United States to foster a closer strategic and commercial partnership with Vietnam as that country grows in importance as a commercial market. … [Read more...] about US not impose tariff or sanction on Vietnam’s exports
Malaysia promotes free data flow within ASEAN
Bernama quoted Senior Economist of Jakarta-based Economic Research Institute for ASEAN and East Asia , Dr. Lurong Chen, saying that the call is essential now as digital activities which include rule setting, trade facilitation and service liberalisation would certainly be beneficial. Chen said with the challenging period of the current COVID-19 pandemic, the free flow of data implementation would certainly help to further spur the digital economy, and moving towards its integration across the region./. … [Read more...] about Malaysia promotes free data flow within ASEAN
VIETNAM NEWS JANUARY 17
It is forecast that there will be more cold spells in January. Thua Thien-Hue Steering Committee for Natural Disasters Prevention and Search and Rescue will set up an inspection team to find the cause and propose solutions to the problem. The local authorities must allocate funding to deal with the damage and support the farmers, especially those with disadvantaged backgrounds. … [Read more...] about VIETNAM NEWS JANUARY 17