As many as 56 per cent of EU businesses have plans to expand operations in ASEAN, a slight decrease from 61 per cent in 2019, according to the sixth Business Sentiment Survey published on October 8 by the EU-ASEAN Business Council, the primary business body for European businesses in ASEAN.
Technological innovations and administrative reforms are key to boosting productivity for small and medium – sized enterprises (SMEs), which is critical to accelerating post-pandemic recovery.
As of September, 31.8 million above-15-year-old labourers in Việt Nam were negatively affected by the COVID-19 pandemic with either job losses, reduced working hours and income or rotational leave, according to the country’s statistics bureau on Tuesday.
Vietnam and the United Kingdom are speeding up negotiations on a new-generation free trade agreement between the two sides, which is expected to be completed at the end of this year.
Since the EU-Vietnam Free Trade Agreement took effect on August 1, the authorised organizations have issued more than 15,000 sets of certificates of origin with a turnover of $700 million to 28 EU countries, according to the latest report by the Ministry of Industry and Trade.
The General Department of Vietnam Customs sent a document to provincial customs departments to implement Decree No.111/2020/NĐ-CP of the Government dated September 18, 2020 promulgating on the Preferential Export Tariff and Special Preferential Import Tariff of Vietnam for the implementation of the free trade agreement between Vietnam and the European Union (EVFTA) in the 2020 – 2022 period which took effect from September 18.
While many people believe that sugarcane farmers will face difficulties after Vietnam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is coordination between the State, scientists, entrepreneurs and especially farmers.
A total of 81% of businesses operating in the manufacturing and processing industries believe that production will continue to recover and prosper in the fourth quarter of the year, according to a survey recently conducted by the General Statistics Office (GSO).
Import and export turnover of domestic enterprises increased significantly, compensating for the decline of FDI enterprises and helping Vietnam maintain the stability of foreign trade amid the Covid-19 pandemic.
The Eurasian Economic Union (EAEU) may enforce a trigger safeguard measure on 12 items from the Vietnamese textile and garment sector in the event that the year’s import volumes exceed the trigger level.
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