It is significant that a high-level free trade zone will come into being in the fast-growing Asia-Pacific region. A more solid framework for international cooperation must be created.
IT IS hard to argue that the United States and China are not on the brink of a trade war. President Donald Trump is threatening to impose higher tariffs on $450bn of imports from China, with the first tranche, on $34bn of Chinese goods, due to take effect on July 6th. Mr Trump expects China to blink. But what if it doesn’t? Other countries in Asia are only now starting to ask that as they realise how much is at stake.
Measures to reach the growth target of 6.7 percent in 2018 were discussed at a teleconference between the Government and localities on July 2.
Signed more than one and a half years ago, the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) has led to a rapid growth in bilateral trade between Vietnam and the EAEU. The FTA has opened up a market of 183 million people, with a combined GDP of US$2.2 trillion for the Vietnamese firms.
Trade Minister Greg Hands speaks to businesses at the UK-Vietnam Joint Economic and Trade Committee (JETCO) in Manchester, on government support for trade with Vietnam.
The recent escalation of trade tensions between the U.S. and China could have a positive effect for some industries in Vietnam, but experts warn these gains could prove short-lived.
Tax deductions, land allocation programmes and the establishment of appropriate credit lines along with a comprehensive legal framework are among the tasks ordered by Prime Minister Nguyen Xuan Phuc to effectively implement the Law on Support for Small- and Medium-sized Enterprises (SMEs).
Prime Minister Nguyen Xuan Phuc said Vietnam is ready to contribute to cooperation in the framework of the Cambodia-Laos-Myanmar-Vietnam (CLMV) mechanism and proposed specific support for the countries.
The dissemination of Decree No. 59/2018 / ND-CP and Circular No. 39/2018 / TT-BTC held by the Vinh Phuc Customs Branch (under the Hanoi Customs Department) on June 12 attracted more than 50 enterprises. According to the enterprises, policy dissemination conferences help businesses better understand the new regulations, avoid unnecessary mistakes in the process of Customs procedures.
Ministries, industries are determined to simplify, reduce administrative procedures, business conditions (Business Registration) to facilitate business operations. But according to many businesses, there are still delays, or just are promises, action plans that have not yet entered the implementation.
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