Of the 10-member ASEAN bloc, Vietnam has emerged as the main pivot in the organisation’s foreign diplomacy. Fit now to be compared as a middle power, Vietnam’s emergence as a fast growing economy and its diplomatic outreach in tune with the prevailing geopolitical setting is relevant to prevailing geopolitical settings
Japan is Vietnam’s biggest trade partner out of the ten other member states of the CPTPP, ranking fourth among trade partners over the world (following China, South Korea, and the US). Two-way trade turnover with Japan hit $33.4 billion in 2017, and Vietnam’s trade surplus reached $250 million.
Vietnamese Prime Minister Nguyễn Xuân Phúc has urged the Association of Southeast Asian Nations (ASEAN) and Australia to intensify co-operation and mutual trust in the interest of each side, as well of the region as a whole.
Many Singaporean firms are interested in investing in food, agriculture, and dining services in Việt Nam as they forecast that these sectors will thrive in the near future amidst broader ASEAN integration.
Economic experts have spoken highly of the Government’s range of measures, set out in 2014’s Resolution 19, which are aimed at improving the business climate and enhancing the competitiveness of the Vietnamese economy.
Nakagawa Mikihisa, a representative of the Japan External Trade Organisation (JETRO), said this at a meeting held in HCM City on March 14. The meeting discussed solutions on dealing with difficulties in food trade activities of Japanese companies in Việt Nam.
The national trade promotion programme in 2018 will support key sectors, markets and prioritise the development of brand names of some key products every year.
A grand welcome ceremony with cannon salute was held for Prime Minister Nguyễn Xuân Phúc at the Parliament House on Capitol Hill in Canberra, Australia, on March 15.
Việt Nam has urged the US government to consider excluding Vietnamese products from its new announcement on tariff measures for imported steel and aluminium. Chu Đức Khải, Vice Chairman and General Secretary of the Vietnam Steel Association (VSA), talks to Việt Nam News reporter Tạ Thu Giang about the challenges faced by Vietnamese steel makers after the decision.
The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) will inspect Việt Nam’s catfish quality control system in the next few months, according the National Agro-Forestry-Fisheries Quality Assurance Department (NAFIQAD).
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