Two weeks ago, at the 26th ASEAN Economic Ministers’ Retreat in Vietnam’s central city of Danang, ASEAN Secretary-General Lim Jock Hoi told media that the inking of the RCEP will be part of agenda at the ASEAN Summit this year in Vietnam, where the deal is expected to be signed. Despite COVID-19 spreading, it is expected that all technical negotiations will be concluded in May, so that the deal can be inked in October. … [Read more...] about Historic deal augurs trade renaissance
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EU Council green-lights trade deal with Vietnam
The E.U. Parliament in February voted in favor of the trade deal, the second with a Southeast Asian country after Singapore, and one of the few with a developing country. … [Read more...] about EU Council green-lights trade deal with Vietnam
Vietnam’s tourism eager for EU trade deal opportunities
The EU, one of the leading foreign investors in Vietnam, is the second largest export market for Vietnamese goods, accounting for about 17 percent of Vietnam’s total export value. The EU ranks fifth among Vietnam’s import markets, behind China, the Republic of Korea, ASEAN and Japan, accounting for about six percent of Vietnam’s total import value. For its part, Vietnam is the 16th largest trading partner of the EU. Nguyen Thi Thu Trang, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s WTO and Integration Center, said the EVFTA would have a strong impact on trade and investment between Vietnam and the EU. Vietnam’s exports to the EU are forecast to grow 20 percent in 2020, 42.7 percent by 2025 and 44.37 percent by 2030. … [Read more...] about Vietnam’s tourism eager for EU trade deal opportunities
Vietnam affirms support of for peace process led by Afghanistan people
Hanoi (VNA) – Vietnam has reaffirmed support for peace process led by Afghan people at the United Nations Security Council (UNSC)'s teleconference on March 31 discussing Afghanistan situation and activities of the UN Assistance Mission in Afghanistan (UNAMA). … [Read more...] about Vietnam affirms support of for peace process led by Afghanistan people
Thai policy on rice subsidy is double-edged sword for Vietnam
The program is expected to benefit 892,000 rice farmers who have registered with the Thailand Ministry of Agriculture and Cooperatives. The aim of the program is to ensure that the rice price brings reasonable profits to farmers despite price fluctuations. … [Read more...] about Thai policy on rice subsidy is double-edged sword for Vietnam
