The one-time valid visa fee for foreigners is $25. If Vietnam exempts Visa’s for travelers from more than 100 countries, it will lose hundreds of millions of dollars each year. However, if it can attract visitors from these countries, it could earn big money from tourists who spend $100 a day at minimum.
The United States Department of Agriculture’s Animal and Plant Health Inspection Service recently celebrated the opening of its new office in Hanoi, Vietnam. The office will play a vital role in helping expand the United States’ $2.5 billion-dollar agricultural export market in Vietnam.
While global trade policies take place among the world’s powerful economies, small economies like Vietnam have to sustain enormous impact from the shifts in policies.
The Trans-Pacific Partnership (TPP) seemed to have died when President Donald Trump pulled the United States out of the agreement early last year.
The Mekong Delta is one of Vietnam’s key agricultural hubs, producing masses of rice, seafood, and fruits. Currently rice production occupies 54% of the total farm land in the region, contributing more than 90% of Vietnam’s rice for export and bringing in billions of USD in revenue each year.
US President Donald Trump has labelled the World Trade Organization a “catastrophe” in a wide-ranging attack on the international trade regulator. His administration is seeking to renegotiate all US trade deals.
South Korea will step up efforts to play a key role in the process of integrating the Association of Southeast Asian Nations (ASEAN), said Kim Young-chae, South Korea's new ambassador to ASEAN.
US president Donald Trump has said that he has pushed for changing the World Trade Organisation, which in its current avatar is ripping off American economy and businesses.
Bangladesh is looking for broader trade and investment ties with Vietnam and is preparing to make the best use of the upcoming visit of the Vietnam president to Bangladesh.
The permanent Vietnamese mission to the United Nations, the World Trade Organisation and other international organisations in Geneva, Switzerland held an early spring gathering on February 25.
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