The UK’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring about wonderful trade and investment opportunities to each CPTPP member, while affirming the deal as a model of economic cooperation in the region in the 21st century, a Vietnamese official has said.
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Products of the processing and manufacturing industry of Vietnam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.
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Ho Chi Minh City and the Canadian province of Nova Scotia have the potential and advantages to boost cooperation in areas, particularly hi-tech agriculture, and trade of aquaculture products, Vice Chairman of the municipal People’s Committee Vo Van Hoan said during his meeting with Nova Scotia’s Minister of Fisheries and Aquaculture Steve Craig.
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The Vietnam Trade Office in India, in collaboration with the National Investment Promotion and Facilitation Agency of India (Invest India) and the Federation of Indian Export Organisations (FIEO) held a teleconference on February 22 to step up business cooperation opportunities in farm produce and processed food.
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Vietnam and Ho Chi Minh City in particular need to make changes and further accelerate administrative reforms in order to create a more attractive environment for foreign investors, President of the European Chamber of Commerce in Vietnam (EuroCham) Alain Cany has said.
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The Vietnam General Confederation of Labour (VGCL) has always been interested in promoting the friendship and partnership with international labour organisations, especially the United Nations’ members such as the International Labour Organisation (ILO), stated VGCL President Nguyen Dinh Khang.
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Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about 47 billion USD from export this year on the back of incentives brought about by free trade agreements that already took effect.
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With the strong development of organic farming, Vietnam has extensive opportunities to boost the export of organic agricultural products to Europe, where those products are in high demand and fetch top dollar.
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Despite the high cooperation potential, trade between Vietnam and Yunnan province of China has remained modest at only 3.2 billion USD in 2022, a very small amount of the 175.6 billion USD in trade between Vietnam and China in the year, according to Vu Ba Phu, Director of the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
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The Ministry of Industry and Trade has decided to impose official anti-dumping duties on certain table and chair products from China.
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