The US on Monday announced a two-year tax exemption period on solar panels manufactured in four Southeast Asian countries, including Việt Nam.
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Vietnam’s aquatic product exports to China are expected to rise positively this year, said Nong Duc Lai, Commercial Counsellor at the Vietnamese Embassy in China.
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The US Department of Commerce (DOC) has started an investigation into made-in-Vietnam wooden cabinets, including kitchen and bathroom cabinets, that used Chinese parts that fell under the US's tariff regime, said a source from the Ministry of Industry and Trade.
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Vietnam aims to raise the proportion of registered foreign investment flows from certain countries and territories to over 70 percent in the 2021 - 2025 period and 75 percent in 2026 - 2030.
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Việt Nam and Malaysia have great potental to promote trade and investment with Malaysia being one of the most important importers of Vietnamese goods in Southeast Asia in the post-pandemic period, a HCM City official said.
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The European Union (EU) is striving to support the Vietnamese government to fully materialise the EU-Vietnam Free Trade Agreement (EVFTA) through the ASEAN Regional Integration Support – Vietnam Trade-Related Assistance (ARISE+ Vietnam).
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While innovation is considered as key to boosting the productivity and quality of products, due attention has not been paid to the issue by Vietnamese enterprises, experts have said.
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Due to China's strict zero-COVID policy and disrupted supply chains, more and more German companies in Asia are looking for alternatives and neighbouring Vietnam has become a new target, the German weekly business news magazine WirtschaftsWoch wrote in an article published on May 29.
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With its advantages and thorough preparation in terms of infrastructure, transport and human resources, after the COVID-19 pandemic is put under control, the key southern economic region remains the leading destination for foreign direct investment (FDI) flows.
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Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for export expansion.
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