The export of agricultural products to the Chinese market recorded a significant decline since the beginning of the year. The stringent requirements from China have required significant changes for Vietnamese products in order to develop in this billion-population market.
Prime Minister Nguyễn Xuân Phúc suggested boosting the partnership between the Association of Southeast Asian Nations (ASEAN) and the Republic of Korea (RoK) while addressing the first working session of the 2019 ASEAN-RoK Commemorative Summit in Busan yesterday.
The Association of Southeast Asian Nations (ASEAN) held its 35th Summit in Thailand in early November 2019. ASEAN holds two summits annually. The second this year included meetings with Dialogue Partners including the United States.
ASEAN has become South Korea’s second largest trading partner, with trade between them increasing by twentyfold over the last 30 years.
Combating origin fraud, illicit transshipment and avoidance of trade remedies is a problem not only in Vietnam but in many countries in the world. This is a war that has taken place for many years. Guy Jennes, Head of Customs and Trade Fraud under the European Anti-Fraud Office (OLAF) said illegally transshipped shipments have caused financial and economic losses for the EU.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to bring about opportunities to increase exports for many sector, including manufacturing-processing, experts have predicted.
According to Assoc. Dr. Tran Chung, Chairman of the Vietnam Association of Road System Investors (VARSI), most of the problems and difficulties investors are facing will be solved when the PPP Law is introduced.
The Ministry of Industry and Trade (MoIT) is building infrastructure for the national digital transformation process, focusing on smart manufacturing and smart energy, to develop the digital economy.
Customs reform has been implemented with the goal of shortening customs clearance time across borders, facilitating procedures and cutting costs for businesses.
Vietnam was expected to reap gains from the US-China trade spat, but the opposite is happening, says Vu Tien Loc, an MP and chairman of the VCCI.
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