Although it is forecasted that it will continue to face many difficulties in the second half of the year, the whole seafood industry has determined to make the best effort to reach US$10 billion in export value, and strive to overcome the recommendations of the European Commission (EC) on combating illegal, unreported and unregulated (IUU) fishing, aiming to remove the "yellow card".
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The global health crisis is accelerating global trends in supply chain shifts, offering Vietnam possible development advantages on a silver platter. Vietnam Citi country officer Natasha Ansell shared her view with VIR’s Phu Canh on Vietnam’s economic outlook and its current position as a potential manufacturing hub in the region.
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After more than a year of the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade in Forest Products between Vietnam and the European Union (VPA/FLEGT) takes effect, Vietnam is making efforts to legislate regulations to enable FLEGT licensing, paving the way for Vietnamese timber to "enter" into the EU and other prestigious markets.
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One year after its coming into force, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has initially brought about positive effects for foreign trade activities; however, many opportunities from the agreement have not been fully explored.
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Despite maintaining positive growth in the first six months of the year, Vietnam's economy in the last months of the year is expected to face many challenges in the context of the complicated and unpredictable Covid-19 pandemic. With the goal of striving for GDP growth of 3-4% for the whole year, it is clear that Vietnam will have to try to overcome many barriers.
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Talking with Customs Newspaper, Nguyen Cam Trang, Deputy Director of the Import and Export Department (Ministry of Industry and Trade), said the important point in granting a Certificate of Origin (C/O)) now is to ensure both the prevention of fraud of origin as well as creating favourable conditions for enterprises to enjoy preferential treatment when exporting.
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The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has been in force for Vietnam for 1.5 years, but the utilization efficiency has not been as expected. To avoid wasting opportunities from this FTA, along with the change of propaganda and support of State management agencies, the business community must improve its initiative and really participate.
Read more...Member of Party Central Committee and Permanent Deputy Minister of Foreign Affairs Bui Thanh Son recently wrote an article in which he underscored the great contributions made by the diplomatic sector in the cause of national construction and defence as well as the country's renewal and international integration process. The following is the full text of the article.
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Vietnam and South Korea are witnessing their heyday in multi-faceted and bilateral co-operation. Nguyen Van Xuong, former Vietnamese Ambassador to South Korea, talked with VIR’s Khoi Nguyen about how the two nations can boost their trade and investment ties fuelled by a bilateral free trade agreement.
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Nearly five years have elapsed since the ASEAN Economic Community was established, and businesses in the region have gradually taken advantage of the bloc’s import tariff cuts to expand exports to Vietnam. Meanwhile, the country has also done the same with the bloc’s member states, helping to gradually truncate the years-long trade deficit between both sides.
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