The Ministry of Transport and the Australian Government on February 9 signed an agreement to launch Aus4Transport, a 24 million USD programme for the development of transport projects in Vietnam.
Trade in paper between Việt Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9.
Following the somewhat unexpected resurrection of the TPP (now officially the CPTPP – Comprehensive and Progressive Agreement for Trans-Pacific Partnership), with all 11 members expected to sign off on the revised agreement in March this year, Australian farmers are being flagged as one of the big winners of the deal.
Prime Minister Nguyễn Xuân Phúc has urged trade counsellors to assist domestic businesses by providing information about foreign markets, promoting trade and investment activities, and increasing sales of Vietnamese products abroad.
Driven by better performance in 2017, around 70 per cent of Japanese businesses in Vietnam are planning to expand their business activities in the country to cash in on the huge growth potential.
Vietnam’s export sector brought in estimated revenues of US$19 billion in the first month of 2018, up 33.1% from a year earlier, remaining an important driver of economic growth.
Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported.
As the Trans-Pacific Partnership (TPP) made significant headway in January, negotiating countries in the Regional Comprehensive Economic Partnership (RCEP) are pressured to conclude the trade deal, and they try to make progress in the ongoing talks in Indonesia.
Among the spaghetti bowl of trade deals currently on the Canadian menu, associate membership in the Pacific Alliance should be an easy choice.
In Florida, Ambassador Vinh had a meeting with Congressman Ted Yoho, Chairman of the Asia-Pacific Subcommittee of the US House of Representatives and visited a number of localities and trade and research agencies of the state.
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