Three more members have been added to a Domestic Advisory Group (DAG) established under the EU-Vietnam Free Trade Agreement (EVFTA), pushing the total number of its official members to six.
As a driving force of economic growth, enterprises should be more proactive in building production and business plans in the new situation given complicated developments of the COVID-19 pandemic, Minister of Industry and Trade Nguyen Hong Dien has said.
Despite the recent backlog of vehicles at customs posts, China was still the largest consumer of Vietnamese fruit and vegetables in 2021.
In 2021, out of a total of 46 newly registered FDI enterprises in Vietnam's wood and forest product processing industry, 41 are from China. The average capital for business registration/enterprise is quite low, reaching only US$1.54 million.
The Vietnam Trade Office in Sweden and North Europe plans to take European food importers to Vietnam to buy goods this year while popularising more Vietnamese products in the area.
The US Department of Commerce (DOC) has decided not to initiate an investigation into the alleged circumvention of anti-dumping duties by Vietnam’s corrosion-resistant steel products (CORE) made from cold rolled steel (CRS) and hot rolled steel (HRS) imported from Japan.
The inflow of foreign direct investment (FDI) into Ho Chi Minh City hit 3.74 billion USD in 2021, down 14.2 percent year-on-year, according to the municipal Department of Planning and Investment.
Direct investment from Australia into Vietnam is forecast to have many growth opportunities thanks to FTAs, but many barriers in the business and investment environment must be removed.
The Regional Comprehensive Economic Partnership (RCEP), which took effect from January 1, is expected to become a new momentum accelerating trade and subsequently post-pandemic economic recovery by forming a stable and long-term export market for Vietnam and other ASEAN countries and creating a legally biding foundation for an equal trade environment in the region.
Vietnamese businesses had 320 codes of agricultural and food products licensed to be exported to China as of 11am on December 24, according to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
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