The 11th meeting of the Joint Co-ordination Committee on Cambodia-Laos-Việt Nam (CLV) Development Triangle Area was declared a success in Việt Nam’s southern province of Bình Phước on December 19.
Việt Nam and Indonesia should put more efforts into strengthening their strategic co-operation to face challenges posed by the shifting geopolitical nature of the Asia-Pacific, according to speakers at a conference in Hà Nội yesterday.
A three-day official friendly visit to Việt Nam by Bounnhang Volachith, the Lao Party general secretary and national president, which starts today, is expected to boost diplomatic and economic co-operation between the two sides and open new opportunities for Vietnamese investment in Laos.
Trade development in the Cambodia-Laos-Việt Nam (CLV) Development Triangle Area remains modest and unsynchronised, failing to match the potential for strategic co-operation between the three countries, speakers said at a forum yesterday.
The EU-Vietnam Free Trade Agreement (EVFTA) is expected to create a breakthrough for timber and wooden products. Experts forecast about US$1 billion worth of timber to be exported to the EU annually by 2020, according to an official of the Vietnam Timber and Forest Association.
Although the US withdrew from the Trans-Pacific Partnership agreement, ministers of 11 TPP members reached a consensus on a new deal and called it the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Vietnam expects to benefit from the new agreement once it takes effect.
Commerce and India Minister Suresh Prabhu has said India will call a meeting of some WTO members in February to muster support for food security and other issues.
Participating in the CPTPP would expand Canada’s existing network of trade and investment agreements, support efforts to diversify our trade, and allow Canadian businesses and workers to secure improved access to growing foreign markets in the Asia-Pacific region.
Officials, experts and entrepreneurs gathered at a workshop in Hanoi on December 15, discussing measures to help businesses capitalise on the ASEAN-China and ASEAN-Hong Kong Free Trade Agreements (FTA).
Vietnam is an important economic partner of the Czech Republic and the country’s Ministry of Industry and Trade has selected the Southeast Asian nation as one of its 12 top priorities markets in Asia by 2020.
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