Vietnam wants to promote comprehensive relations with Bhutan, Prime Minister Nguyen Xuan Phuc said at a reception for visiting Chairman of the National Council (Upper House) of Bhutan Tashi Dorji in Hanoi on May 13.
Free trade agreements (FTAs) are when two or more countries agree on the terms of trade between them. They determine the value of tariffs and duties that countries impose on imports and exports. In 2007, with Vietnam’s ascension into the World Trade Organization (WTO) – it took a significant step integrating with world trade and subsequently entering into several free trade agreements.
Biên Hòa, 25km from Ho Chi Minh City in Dong Nai province, is one of the key industrial centres of Vietnam, a multitude of industrial development zones, factories and warehouses dominating the local economy. Yet the nearby province of Bình Duong has become the epicentre of investment in the country, attracting 3,444 new foreign businesses from 64 nations, with a registered capital of $331bn
Việt Nam values and gives priority to strengthening economic and trade co-operation with China, and hopes to receive greater investment from China and the overseas Chinese community, said Nguyễn Nội, deputy director of the Foreign Investment Agency under the Ministry of Planning and Investment.
After more than a year of implementing the Government’s resolution 120/NQ-CP on the sustainable development of the Mekong Delta in response to climate change, up to now, the Mekong Delta has gained a number of achievements.
Goods, services and capital flow from the EU into Vietnam’s market have gradually increased amid the EU-Vietnam Free Trade Agreement (EVFTA) is in the progress to be passed and expected to become effective next year.
Eastern European markets offer great potential to exporters given their relatively high GDP growth and less stringent quality requirements compared to Western European countries.
HCMC identified 2019 as a breakthrough year for administrative reform. Implementing this orientation, the Customs and Tax Authorities of Ho Chi Minh City have implemented many breakthrough solutions, facilitating people and enterprises.
It is estimated that the EU Vietnam FTA EVFTA the most ambitious FTA the EU has ever concluded with a developing country will add 0 1 percentage point on average to Vietnam real GDP growth each year based solely on its trade impacts.
Vũ Bá Phú, Director of the Việt Nam Trade Promotion Agency under the Ministry of Industry and Trade talks to Hải Quan (Customs) newspaper about trade promotion strategies to help Việt Nam take advantage of free trade agreements.
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