Vietnamese Deputy Prime Minister and Foreign Minister Phạm Bình Minh has urged ASEAN member states to further strengthen intra-bloc solidarity and cohesion, and enhance resilience in the face of challenges in the region and the world.
With the impending EU-Vietnam Trade Agreement (EVFTA) set to come into force during the second half of the year, exports are poised to enjoy a fresh impetus, but it remains vital to invest methodically and restructure necessary supply chains in order for Vietnamese goods to remain competitive in the long run.
High hopes for textile and apparel exports as Hanoi gives pact unanimous backing. Vietnam’s National Assembly approved a free trade agreement with the EU on June 8, a move expected to help make the country a new investment destination for manufacturers looking to leave China.
The National Assembly recently approved the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA). Deputy Minister of Foreign Affairs Bùi Thanh Sơn answered the press on the agreements' impact on Việt Nam-EU relations.
The Covid-19 pandemic has been disrupting the global supply chain, limiting import and export activities. Therefore, domestic enterprises have sought to shift supply to the domestic market, helping production and business activities resume in the "new normal".
The Government has just issued Decree No.57/2020/ND-CP, amending and supplementing a number of articles of the Government's Decree No. 122/2016/ ND-CP on the Export Tariff, Preferential Import Tariff, list of goods and the absolute tax, mixed tax, import tax outside the tariff quota
The draft decree on Customs management of exports and imports via e-commerce is being widely commented on by the Ministry of Finance. Provisions in the draft will be a legal corridor to help individuals and organizations involved in e-commerce activities of import and export goods carry out proactive and convenient customs procedures.
Business publication Nikkei Asian Review of Japan has recently released an article, affirming the Vietnam National Assembly’s ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) is expected to transform Vietnam into a fresh investment destination for manufacturers looking for alternatives to China.
According to the Ministry of Industry and Trade, up to now, the risk of evading trade remedies and origin fraud for goods is increasing, especially in the context of the escalating US-China trade conflict, Vietnam participated in many new generation FTAs such as the CPTPP and EVFTA.
Domestic economic activities have thrived again, but the economy has not yet fully recovered. This is the World Bank’s evaluation on Vietnam’s economy in its recent macroeconomic report.
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