German tape manufacturer Tesa plans to build a 55 million euro (US$65 million) factory in the north of Việt Nam in an effort to expand its production from 2023, according to Germany’s Handelsblatt newspaper.
Local producers must prepare to meet the requirements of foreign direct investment (FDI) companies to participate in the global supply chains, a top official has said.
The EU-Vietnam Free Trade Agreement (EVFTA) coming into force on August 1 will benefit Vietnam-based Korean companies exporting goods to the EU.
The Prime Minister has approved a plan to implement the EU-Việt Nam Free Trade Agreement (EVFTA). The plan aims to assign tasks and responsibilities to agencies and organisations to decide on measures to implement the agreement.
Việt Nam will have 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years’ time. Prime Minister Nguyễn Xuân Phúc has signed a resolution to promote the development of support industries.
Economists have predicted the resurgence of the COVID-19 pandemic could leave Việt Nam facing its lowest level of economic growth in 35 years.
The Import and Export Department (MoIT) has just issued official dispatch No.812/ XNK-XXHH to associations, commodity sectors and exporters to provide guidance on proof of origin documents to support traders who export goods to take advantage of the EU-Vietnam Free Trade Agreement (EVFTA).
By July, many textile enterprises have not had any orders for the last two quarters of the year for high-value products such as suits and high-end shirts.
Since the European Commission first gave approval for the Europe-Vietnam Free Trade Agreement (EVFTA) in October, 2018, Ho Chi Minh City has been active in implementing a range of solutions aimed at helping firms seize the opportunities of this agreement, has said Duong Anh Duc, Vice Chairman of the HCM City People's Committee.
Vietnam’s rice exports to Africa rose sharply in the first six months of 2020 and are expected to continue surging in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan.
| The site is done with the technical support of the project BWTO |
