Việt Nam will emerge from the pandemic the least affected of all countries in Southeast Asia, though it is not immune to the sharp slowdown in trade flows, according to a report by the Institute of Chartered Accountants in England and Wales and Oxford Economics.
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Prime Minister Nguyễn Xuân Phúc has asked relevant ministries and localities to create policies for the development of key economic regions to drive post-pandemic economic growth.
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The Việt Nam Trade Office in Japan and the Tokyo SME Support Center will host an online trade conference to promote Vietnamese agriculture products on June 30.
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Australia’s Anti-dumping Commission has initiated an investigation into alleged dumping and subsidisation on painted steel trapping exported to Australia from China and Việt Nam, according to the Trade Remedies Authority of Việt Nam.
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Footwear exports to the US have been forecast to struggle in the remaining months of this year due to falling demand, though it recorded a 10 per cent increase in revenue in the first quarter of the year.
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Following its recent ratification by the National Assembly, the EVFTA is expected to present a window of opportunity for local seafood businesses to accelerate their exports as we move into the post-novel coronavirus period, according to the Vietnam Association of Seafood Exporters and Producers.
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With both the EVFTA and EVIPA being adopted by the Vietnam National Assembly, many local firms have pinned their hopes on capitalising on the opportunity to expand into a new export market and develop production.
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With the ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) and the European Union Investment Protection Agreement (EVIPA), Chairman of EuroCham in Vietnam Nicolas Audier said that this will usher in a new era with increased investment and trade.
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Not only deceleration, due to the impact of the Covid-19 pandemic, many partners cut orders, so exports of Vietnam increasingly faced difficulties in the second quarter of 2020.
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The latest preliminary statistics of the General Department of Customs show that the total value of Vietnam's exports and imports in May (from May 1-15) reached US$17.39 billion, down 4.7% (equivalent to US$856 million) compared to the second half of April 2020.
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