According to Prof. Dr. Sc. Nguyen Mai (pictured), Chairman of the Association of Foreign Investment Enterprises (VAFIE), the new orientation this time in attracting FDI is to focus onquality and not tolerate projects of any industry, partners, localities, to help the economy develop quickly and sustainably.
Export of goods by sea is now being chosen by businesses while road exports are interrupted by the Covid-19 epidemic.
Most raw shrimp importedtothe EU will see reductions from the basic tariff of 12-20% to 0% after the EVFTA agreement comes into effect. The export door is opening for Vietnamese shrimp.
Garment and textile firms are aware of the opportunities to expand their export markets arising from the EU-Vietnam Free Trade Agreement (EVFTA) but are facing difficulties in complying with the rules of origin.
From the early days of 2020, Vietnam has welcomed large-scale foreign direct investment (FDI) projects. This favorable start, with the proposed solutions, isexpected to provide a brighter picture of economic growth during the Covid-19 epidemic.
Deputy Minister of Industry and Trade Trần Quốc Khánh talks to Vietnam News Agency on the role of the High-Level Task Force on ASEAN Economic Integration.
Talking to reporters of Customs Newspaper, Assoc. Dr. Pham Tat Thang , former Director of the Commercial Research Institute (Ministry of Industry and Trade) said the first month of exports decreased in 2020 with the presence of unexpected and force majeure causes from the epidemic of coronary respiratory infection. This sounded a wake-up call about excessive export dependence on the Chinese market.
As a major foreign investment hub, China is hit hard by the new strain of coronavirus, now known as Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment, especially investments in China which may seek other destinations.
According to the latest statistics from the General Department of Vietnam Customs, at the end of 2019, the total import and export turnover between Vietnam and EU member states reached US$56.39 billion, accounting for 11 percent of total import and export turnover of the whole country in 2018.
The European Parliament (EP) on Wednesday ratified the EU-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Protection Agreement (EVIPA). Vietnam News Agency spoke to Deputy Minister of Foreign Affairs Bùi Thanh Sơn in Paris about the agreements.
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