China is Vietnam's largest trading partner and import market. Many raw materials, accessories, and components of major domestic production and export industries are mainly imported from this neighboring country.
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The Ministry of Industry and Trade (MoIT) has announced the first review of anti-dumping measures imposed on a number of plastic products from China, Malaysia and Thailand.
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The EU-Vietnam Free Trade Agreement (EVFTA) has brought about a range of opportunities for German investors in Vietnam after it came into force more than one year ago.
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Standard Chartered expects Vietnam’s GDP growth to recover to 5.5 per cent on-year in the fourth quarter of 2021.
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Vietnam was the 11th largest supplier of rubber to the US in the first seven months of 2021, according to the Ministry of Industry and Trade’s Agency for Foreign Trade.
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The Netherlands, one of the leading partners of Vietnam in the EU, is a gateway for Vietnamese goods to enter the EU market, experts have said.
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Ho Chi Minh City has set a target of meeting 65% of its demand for supporting industry products by 2025.
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Vietnam is taking final steps and scheduled to complete the ratification of the Regional Comprehensive Economic Partnership (RCEP) by November this year.
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Despite a decrease in foreign direct investment (FDI) inflows into Vietnam in recent months due to the impact of the COVID-19 pandemic, economists assessed Vietnam remains attractive to foreign investors and needs to take advantage of FDI attraction opportunities to boost economic growth.
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The Vietnam-US trade ties have enjoyed impressive growth during 26 years since the normalization of diplomatic ties.
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