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Controlling the pandemic, Vietnam will keep a record export surplus

“We believe that when the pandemic is controlled from now to the end of the year, the opportunities to export to the European market are huge, which means we will continue to keep an export surplus. This will significantly contribute to supporting economic growth in 2020 in the context that the Government defines exports, investment and consumption as the three main growth engines of the economy in 2020,” said by Mr. Nguyen Trung Tien (photo), Deputy Director of General Statistics Office.

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Logistics SMEs urged to speed up digital transformation to remain competitive

Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to penetrate global markets after the pandemic ends, experts have said.

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Two months after EVFTA takes effect, leather, footwear and seafood exports increase

Many export products of Vietnam have seen positive changes in the EU market after two months of the Vietnam-EU Free Trade Agreement (EVFTA), typically leather and footwear, seafood and rice.

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Problems arising from EVFTA removed

After nearly two months of the EVFTA, seafood exports strongly increased but there were some problems for seafood enterprises.

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The value of regional links

The trade cooperation program between Ho Chi Minh City and other provinces has affirmed the right direction since 2011 thanks to the establishment of many commodity supply chains, promoting elements of the production chain to be cleaner, better, and more valuable.

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Improving IP protections to attract fresh EU investment

The EU-Vietnam Free Trade Agreement (EVFTA) officially entered into force in August. From day one, the EVFTA has started to phase out almost 99 per cent of tariff lines and barriers to trade between Vietnam and the EU. This should result in €15 billion ($17.5 billion) a year in additional exports from Vietnam to the EU by 2035, while EU exports to Vietnam would expand by €8.3 billion ($9.68 billion) annually.

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EVFTA tariff is in effect, opportunities for Vietnamese businesses are ready

The Government issued Decree No. 111/2020/ND-CP dated September 18, 2020 on Vietnam's Preferential Export Tariffs and Special Preferential Import Tariffs to implement the free trade agreement between Vietnam and the European Union (EVFTA) for the period 2020-2022. Customs newspaper spoke with Pham Tuan Anh - Deputy Director of International Cooperation Department, Ministry of Finance around this.

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Vietnam Rises to Second Spot in Share of US Imports: Jungle Scout

Vietnam climbed to the second spot behind China to become the second-biggest supplier to the US as per 2020 Global Imports Report by Jungle Scout, a leading data analyzing and consulting platform on Amazon.

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United Kingdom prepares to jump onto CPTPP benefit bandwagon

The United Kingdom recently held talks with all members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to discuss UK accession to the deal. Emily Hamblin, consul general in Ho Chi Minh City and trade director for Vietnam, talked with VIR’s Thanh Van about the trend of UK investment in Vietnam if the British nation joins the trade pact.

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Export prospects rise though forestry decree

With the EU being among the largest importers of Vietnam’s timber products, a fresh decree on legal assurance has marked an important step towards the full implementation of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement between Vietnam and the EU.

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