Deputy Prime Minister Vương Đình Huệ on Wednesday asked ministries to speed up the connection of administrative procedures under their management to the national single window (NSW) as the work remains slow.
The signing of two important agreements, including the EU - Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), not only opens a new chapter in trade and investment relations between the two economies but also makes Vietnam become a focal point of global trade and investment flows.
The textile and garment industry’s exports were worth US$32 billion last year and they are expected to reach $40 billion this year. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Việt Nam Free Trade Agreement and the US-China trade war have brought benefits and challenges to the sector.
The Vietnam – EU Trade Forum in 2019 with the theme “EVFTA: New horizon for extensive and comprehensive cooperation" opened in Ho Chi Minh City on July 30.
Thailand and Indonesia hold the lion's share of Vietnam's car imports amidst challenges as the country seeks to prioritize local manufacturing.
Việt Nam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs.
The increasing number of businesses becoming operational again since the beginning of this year indicates positive economic development prospects, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI).
Việt Nam spent US$11.4 billion to import materials for garment and textile production in the first half of the year, up 5.6 per cent from the same period last year, according to Vietnam Textile and Apparel Association (VITAS).
The trade war between the United States and China has generated discussion in Southeast Asia about which countries will benefit from multinational companies moving production out of China, yet there has been a strange silence on the opportunities for the ASEAN Economic Community (AEC).
A key task in the last months of 2019 set by General Department of Vietnam Customs – Permenant Office of National Steering Committee on ASEAN Single Window, National Single Window and Trade Facilitation (1899 Committee) is the connection of 61 administrative procedures to National Single Window.
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