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Vietnam’s rice exports to Africa continue to rise

Vietnam’s rice exports to Africa rose sharply in the first six months of 2020 and are expected to continue surging in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan.

Vietnam outlook ‘one of the brightest’ in Asia, UBS economist

Despite COVID-19 challenges, Vietnam is one of the brightest spots in Asia and its economy is likely to rebound soon, Edward Teather, ASEAN economist at UBS Research told CNBC recently.

CPTPP countries discuss post-pandemic recovery plan

Economic and trade ministers of signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) met online on August 5 to discuss how best to intensify cooperation and prepare a plan of action to boost post-pandemic economic recovery.

Plan issued for implementing Vietnam – Cuba trade agreement

Prime Minister Nguyen Xuan Phuc has issued a plan for implementing a trade agreement between Vietnam and Cuba. The plan outlines the tasks for ministries, ministerial-agencies, State agencies and localities, one of which is to promote the dissemination of information related to the agreement through the media, websites, training courses, and seminars.

Textile, electronics hardest hit in pandemic: official

Textile and electronics have been the two export-oriented sectors mostly impacted by the COVID-19 pandemic, an official has said.

Provisions now in place via EVFTA for Vietnamese labour advances

Although the EU-Vietnam Free Trade Agreement may greatly benefit businesses from both sides, they must first abide by labour and social standards set out in the deal to reap the various advantages.

Trade surplus increased sharply, reaches US$6.5 billion in seven months

In July, Vietnam estimated an export surplus of US$1 billion. Generally, in seven months of 2020, the trade balance of goods will continue to have trade surplus of US$6.5 billion, much higher than the trade surplus of US$1.98 billion in the first seven months of 2019.

Corporate income tax reduction comes into effect

Resolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday.

Local businesses slow in preparing to enjoy preferential tariffs in EVFTA

Experts have raised concerns that Vietnamese businesses are slow in preparing conditions to enjoy preferential tariffs in the Việt Nam-EU Free Trade Agreement (EVFTA).

Key Vietnamese products to enjoy EVFTA benefits from August 1

With the European-Vietnam Free Trade Agreement (EVFTA) set to come into force on August 1, many of the country's key commodities such as seafood and wood products are anticipated to enjoy numerous incentives from the trade pact, according to insiders.

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