Tanzania is a gateway for Vietnamese goods to enter East Africa, while Vietnam is an entrypoint for Tanzanian goods into the ASEAN Economic Community. Thanks to these advantages, the two countries aim at increasing trade turnover to US$1 billion by 2020.
With the number of children aged 0-14 accounting for 40 percent of the population of 90 million and improved living standards, Vietnam has seen an increase in the world’s famous brands.
Health activists say special consumption taxes imposed on alcohol, beer and tobacco should be increased to improve community health and tackle the national budget deficit.
With an additional 200,000ha to be planted in the Cửu Long (Mekong) Delta region, there will be enough rice for exports, according to the Cửu Long (Mekong) Delta Rice Research Institute.
To effectively utilise opportunities through free trade agreements (FTAs) provinces and cities should launch databases on foreign-invested enterprises and domestic suppliers to help domestic firms become suppliers of foreign counterparts.
Cần Thơ last month issued a licence to South Korea’s Tae Kwang Vina Industrial for setting up a shoe production plant in its 2B Hưng Phú Industrial Park.
Vietnam got nearly $2.683 billion trade surplus with Canada last year, up 25.9 percent over the previous year, according to Statistics Canada.
The Vietnamese manufacturing sector continued to grow at the end of the first quarter as a faster rise in new business spurred a continued expansion of output, a Nikkei report said.
International investment funds are preparing hundreds of millions of US dollars to buy land in Thu Thiem, HCM City, to develop long-term real estate.
The US economic presence in Vietnam has been increasing steadily since the normalization of Vietnam-US relations since the 1990s. Russia, which was once the largest trade partner of Vietnam, has also returned.
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