Thailand and Indonesia hold the lion's share of Vietnam's car imports amidst challenges as the country seeks to prioritize local manufacturing.
Việt Nam is in dire need of capital to develop the country’s infrastructure and the Government expects private investors, especially foreign ones, to take part as the State budget cannot afford the investment costs.
The increasing number of businesses becoming operational again since the beginning of this year indicates positive economic development prospects, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI).
Việt Nam spent US$11.4 billion to import materials for garment and textile production in the first half of the year, up 5.6 per cent from the same period last year, according to Vietnam Textile and Apparel Association (VITAS).
The trade war between the United States and China has generated discussion in Southeast Asia about which countries will benefit from multinational companies moving production out of China, yet there has been a strange silence on the opportunities for the ASEAN Economic Community (AEC).
A key task in the last months of 2019 set by General Department of Vietnam Customs – Permenant Office of National Steering Committee on ASEAN Single Window, National Single Window and Trade Facilitation (1899 Committee) is the connection of 61 administrative procedures to National Single Window.
Producers are shifting capacity from China to Southeast Asia and logistics companies are responding with increasing investments but U.S. authorities are looking out for tariff cheats.
Along with its rapid economic growth, Vietnam’s electricity demand is also increasing strongly, at around 10 percent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade.
Members of the European Union (EU) have expressed their belief in the positive impact that the bloc’s free trade agreement with Vietnam (EVFTA) will have on bilateral trade relations.
The Vietnam - EU Free Trade Agreement (EVFTA) has been signed. As usual, cars are a group of products that are of great interest when the roadmap to reduce import tax will be implemented after 7-10 years. When taxes decrease, will auto prices fall?
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