That Russia is excluded from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will pose certain but possibly temporary difficulties for payments of Vietnam’s trade transactions, and agricultural traders will find out new payment methods soon, insiders said.
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The West cutting Russia off the Society for Worldwide Interbank Financial Telecommunication or SWIFT is unlikely to produce a significant impact on Việt Nam and Vietnamese businesses, said industry experts and banking regulators.
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An inter-ministerial working group has been established to operate and upgrade the Vietnam Free Trade Agreement Portal (FTAP) for 2021-2025 with a vision towards 2035.
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Vietnam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.
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HCM City plans to speed up digital transformation to achieve its goals of becoming a digital government and smart city this year.
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Given numerous difficulties predicted for fruit and vegetable sale both at home and abroad in 2022, Vietnamese businesses have been recommended to improve processing and expand their market right from the year’s beginning, the Nhan dan (People) daily reported.
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To fulfill international commitments in the Regional Comprehensive Economic Partnership (RCEP), Minister of Industry and Trade Nguyen Hong Dien has just signed and promulgated Circular 05/2022/TT-BCT stipulating rules of origin in the RCEP agreement.
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Deputy Prime Minister Pham Binh Minh on February 23 affirmed that climate change response is the area of strategic cooperation between Vietnam and the US.
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Running with the theme of "Restoring the economy and developing supply chain in the new normal", the Vietnam Business Forum presents an opportunity for the business community to propose solutions to carry out the Government’s Resolution on the Socio-Economic Development and Recovery Program.
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Minister of Industry and Trade Nguyễn Hồng Diên held a meeting with visiting Executive Vice President of the European Commission (EC) Frans Timmermans in Hà Nội on Friday, during which the two sides sought future cooperation, especially in energy transformation.
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