In incremental stages over the past year, President Trump has imposed punitive tariffs on imports from China. Currently, about $250 billion worth of Chinese products are subject to tariffs of 25 percent.
The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quoc Hung.
The prolonging trade war between the US and China makes it easier for Vietnam to continue its upward trajectory toward becoming a developed economy, Bennett Murray recently wrote on the ‘Foreign Policy’ paper.
Vietnam plans to raise the cross-border trade transaction index by 3-5 places this year compared to 2018. By 2020, it targets to raise the cross-border trade transaction index by 10-15 places compared to 2018.
Increasingly foul air from rapidly growing cities and industry could force South-east Asian nations to speed up the switch to cleaner sources of energy and to meet UN climate goals, says a leading energy specialist.
The good news is in for Vietnam. Last week the Ministry of Planning and Investment announced that foreign direct investment in the country increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such increase since 2015.
The Ministry of Industry and Trade (MoIT) will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports, it said.
Most people seem to think of trade as happening between only two countries. If tariffs reduce U.S. imports from China, many -- including President Donald Trump -- seem to assume that the affected industries will move production to the U.S. But that’s not how things work, which is why other countries might actually benefit from the U.S.-China trade war.
The National Assembly is debating Vietnam planned participation in the International Labor Organization Convention 98 on the right to organize and do collective bargaining.
With e-commerce and automation changing the landscape of the logistics sector dramatically, there will be a focus on re-skilling the existing workforce in technology, which will improve the competitiveness of the logistics industry.
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