The US is widely viewed as the main market which has contributed to the strong growth of local timber and wood product exports, with export turnover to the lucrative market in 2020 surging by 34.37% to US$7.166 billion, despite being heavily hit by the impact of the COVID-19 pandemic, according to the Timber and Forest Product Association.
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Vietnam’s textile and garment industry is being transformed to adapt to new challenges by diversifying its export and input markets, thereby lessening the dependence on certain countries.
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Citizens in Malaysia, Thailand, and Vietnam showed a weaker economic recovery sentiment compared to other regional countries after the resurgence of COVID-19 in the past few months, according to a study by market research giant Ipsos Group.
HCM City has approved plans to develop 1,000 start-ups as part of its efforts to become a leading start-up hub in Southeast Asia over the next five years.
The Government’s Decree No.18/2021/ND-CP dated March 11, 2021 has added a stipulation on the exemption of export and import duties of goods in line with international treaties to which Vietnam is a member.
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Trade activities between Canada and Việt Nam have developed strongly thanks to opportunities brought by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to the Embassy of Canada to Việt Nam.
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Maritime transport costs have skyrocketed in recent months as the impact of the COVID-19 pandemic takes its toll, pushing import-export companies into a lot of difficulties.
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Moody's Investors Service (Moody's) has maintained the Government of Việt Nam's long-term issuer and senior unsecured ratings at Ba3 and changed the outlook to positive from negative.
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The Vietnamese Government has issued a resolution approving the UK-Viet Nam Free Trade Agreement (UKVFTA) and will complete procedures this month to officially bring it into force on May 1, Deputy Minister of Industry and Trade Đặng Hoàng An has said.
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The Việt Nam Trade Promotion Agency (Vietrade) and Alibaba.com, the global business-to-business (B2B) e-commerce platform of the Alibaba Group, signed a memorandum of understanding (MoU) on supporting Vietnamese firms to boost online export and organised an international e-commerce conference in Hà Nội on Tuesday.
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