The Import-Export Department under the Ministry of Industry and Trade has urged local exporters shipping to the EU, Norway and Switzerland to register for REX as soon as possible.
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Vietnam needs to fill major legal gaps and address key implementation issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA), according to a new World Bank report, expected to be ratified by Vietnam’s National Assembly in its May meeting.
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The opening four months of the year have seen the nation’s total import turnover rise to over US$78 billion, a drop of 0.3%, with China maintaining its place as the country’s largest import market, according to figures released by the General Department of Customs.
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Some Egyptian newspapers, including the Events Magazine News, Al Naasher and The Egyptian Gazette, highly valued Vietnam’s development achievements in recent years in their articles published on May 16.
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Although the localisation policy aims to increase the localisation rate of domestic manufaturing over the past time has had a positive impact on Vietnamese production and assembly activities, it is no longer able to maintain its current advantages as the number of completely built up (CBU) has increased sharply since the start of 2019.
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An online trade exchange is slated to be held from May 28 to May 30 with the participation of 60 footwear importers from the US, according to the Ministry of Industry and Trade (MoIT).
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Whilst the EU-Vietnam Free Trade Agreement (EVFTA) is anticipated to offer a wealth of opportunities through an expansion of export markets and greater job creation, the quality of human resources must improve in order to meet stringent requirements regarding the overall quality of goods and services, insiders state.
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According to the General Statistics Office of Vietnam, in the first four months of this year, there were 2,523 times of capital contribution and purchase of shares of foreign investors with a total value of nearly US$2 billion, an increase of 52.6 percent over the same period last year.
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Việt Nam stands ready to cooperate with countries, including Canada, in recovering the global trade and supply chain, Deputy Prime Minister and Foreign Minister Phạm Bình Minh told Canadian Foreign Minister Francois-Philippe Champagne during their phone talks on Thursday.
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Việt Nam will strengthen the removal and simplification of business regulations in the next five-year period to create favourable conditions for enterprises and promote their development as a driver for socio-economic growth.
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