Trade and investment

This equals to a GDP drop of VND1.65 trillion ($71 million) this year and VND5.3 trillion ($228 million) next year. The decline will climax at VND8 trillion ($344 million) in 2021, says the NCIF, which functions under the Ministry of Planning and Investment. … [Read more...] about US-China trade war could drag Vietnam GDP down

Hanoi (VNA) – Thailand and Vietnam will achieve the target of raising two-way trade value to 20 billion USD in 2020, Thai Trade Counsellor to Vietnam Pannakarn Jiamsuchon said in an interview granted to the Cong Thuong (Industry-Trade) newspaper. The counselor said Vietnam is a potential market for Thai firms, adding that the key thing for them to reap success in the market is goods quality. She said Thai businesses pay great attention to market study and continuous improvement of product quality and packaging while working to keep price competitive. The trade official noted that Vietnam is expanding trade ties with many countries through many free trade agreements, therefore competition in the Vietnamese market will become fiercer and fiercer. For Thai firms to maintain their foothold in the market, it is important to continue enhancing the quality of products and services, along with investing in production technology. According to the official, Vietnamese goods have also … [Read more...] about Thai trade counsellor expects Thailand-Vietnam trade to reach 20 billion USD in 2020

Emphasizing the importance of promoting cooperation with the EU- Vietnam's leading strategic partner in economics, trade and investment, the cabinet leader pointed out a number of pending issues and shortcomings such as the EU issuance of its yellow card for Vietnam's seafood exports and administrative procedures that need to be simplified in order to help further promote trade and investment between Vietnam and the bloc. … [Read more...] about PM Phuc chairs meeting on Vietnam-EU trade cooperation

FM Wang Yi informed the meeting on the situation of COVID-19 in Wuhan and other localities of China. He thanked the regional countries and the international community for their material and spiritual support for China, and pledged to work to ensure the safety and the best support for ASEAN citizens living, working and studying in China. … [Read more...] about ASEAN, China enhance cooperation in response to COVID-19

Hanoi (VNA) – A memorandum of understanding (MoU) on investment and scientific-technological cooperation between firms of Vietnam and the Republic of Korea (RoK) was inked in Hanoi on February 18. The MoU was signed by the project management unit of the Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology and the Vietnam-Korea Businessmen and Investment Association (VKBIA). It will help VCIC-backed firms which operate in green and environmentally-friendly technology development to connect with partners from the RoK in regards to trade, services, investment and technology transfer. The VKBIA will also help arrange thematic trade promotion conferences in the RoK, training programmes for start-ups and meetings with investors and experts. Speaking at the signing ceremony, Vice President of the Korea Chamber of Business in Vietnam (KorCham) Hong Sun said that the event marks a major milestone for the development of the RoK-Vietnam relations. He … [Read more...] about Vietnam, RoK firms join hands in green technology development