Vietnam has witnessed continued growth in its trade deficit with the Republic of Korea (RoK), due to the latter boosting its investment and exports to the former in a bid to cash in on tax cuts under trade pacts.
Pointing out that trade between India and Vietnam is languishing at around one percent of the total trade done by both countries, the Vietnamese envoy to India on Wednesday said their strong bilateral relationship should be used as a foundation for greater economic cooperation.
A total of 1285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses.
Prime Minister Nguyen Xuan Phuc will lead a Vietnamese delegation to attend the third Mekong River Commission (MRC) Summit in Siem Reap, Cambodia, from April 4-5 at the invitation of Prime Minister Samdech Techo Hun Sen.
Assistant minister for trade, tourism and investment Mark Coulton is on an offical trip to Vietnam to promote Australian economic and trade interests.
Facing persistent trade tensions with China and the U.S., South Korea is deepening ties with Vietnam, which is on course to surpass the U.S. as Korean companies’ second-biggest export market.
Singapore businesses can soon get a shot in the arm when they expand across Southeast Asia, with the help of an ASEAN agreement on e-commerce that will lower operating barriers to entry for these businesses and ramp up digital connectivity.
The recent decisions taken by Donald Trump-led US administration has disrupted the normalisation of global trade, economist Joseph Stiglitz said.
Donald Trump may not always be aware of the consequences of what he says and does. But the debate he has triggered with his comments on free and fair trade could be helpful to bring about change, says DW's Henrik Böhme.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam is keen on fostering the friendship with Switzerland and hopes the two countries will continue bolstering cooperation in all fields, especially trade and investment.
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