Steel, fiber, household-use products and electronics in Vietnam are vulnerable to anti-dumping and anti-countervailing duties imposed by other countries.
The main beneficiaries of the CPTPP tariff rate reductions for beef will be Canada and Mexico, which will see Vietnam's import duties on boneless beef decline from 15% to 5% initially, then drop to zero in 2020.
Today the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CPTPP, enters into force in Vietnam after going live on December 30, 2018 for six Pacific Basin countries, including Australia, Canada, Japan, Mexico, New Zealand and Singapore.
The business community wants stronger reform efforts at local levels, according to a recent survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).
Although import tariffs of automobiles from countries in the ASEAN had been cut to zero percent and the number of imported automobiles as well as domestically-assembled ones has seen good growth, there is still scarcity in automobiles supply, causing an increase in prices, especially of hot models.
Việt Nam’s economic growth could reach 6.9 per cent in 2019, an increase of 0.1 per cent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Việt Nam is benefiting from the US-China trade war.
Minister of Industry and Trade Trần Tuấn Anh speaks to Vietnam News Agency about achievements in 2018 and challenges for the industry and trade sector this year.
The Vietnam-Bulgaria Trade Promotion and Investment Centre has opened in Hanoi recently, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.
2018 is the year that has the highest number of administrative procedures connected to the National Single Window. Until the end of 2018, the country had 148 administrative procedures of ministries and sectors connected to NSW, of which, 101 procedures were connected in 2018 and 47 procedures were connected in 2017 and in previous years.
Prime Minister Nguyen Xuan Phuc has highlighted the European Union as Vietnam’s highly important partner while noting that bilateral relations are growing steadily as demonstrated by regular exchange of high-level meetings aiming to deepen mutual understanding and trust.
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