The Việt Nam Institute for Economic and Policy Research (VEPR) estimated local GDP growth for this year at between 2.6 per cent and 2.8 per cent at a workshop yesterday in Hà Nội, lower than the 3.8 per cent it forecast in July.
The Ministry of Industry and Trade have revealed that Canada will not impose anti-subsidy duties on corrosion-resistant steel that originates or has been imported from Vietnam and will instead impose a substantial reduction on anti-dumping taxes on Vietnamese enterprises.
Customs officials are not allowed to request enterprises submit a paper of the phytosanitary certificate for imported plants and the new administrative procedures of the Ministry of Agriculture and Rural Development would officially be implemented through the National Single Window Mechanism (NSW) from October 17.
Việt Nam's GDP is estimated to reach US$340.6 billion this year, making it the fourth-largest economy in Southeast Asia.
Vietnam has enjoyed a surge in timber and wood product exports to the US this year, but businesses need to choose the right items to focus on in order to tap into this major market, insiders said.
Chinese yarn behemoth Texhong is shifting its production line to Vietnam, partly fuelled by the US boycott on cotton items originating from Xinjiang province in China.
Amid Vietnam's goods export to many traditional markets facing difficulties, the Ministry of Industry and Trade said the expansion and development of trade cooperation with new potential markets in the Middle East andAfrica is one of the solutions that Vietnam needs to employ.
The Ministry of Industry and Trade (MoIT) has submitted a draft circular on 'Vietnamese products and goods' and 'products and goods made in Việt Nam'.
The EU-Vietnam Free Trade Agreement (EVFTA) has opened up a wealth of opportunities for companies on both sides looking to profit from an already thriving trading partnership, particularly in the agri-food sector.
Việt Nam is continuing its institutional reform commitments made in the historic EU-Việt Nam Free Trade Agreement (EVFTA) in an aim to boost exports of agricultural products and attract more investment from the EU trading bloc.
| The site is done with the technical support of the project BWTO |
