The national brand of Vietnam has been valued at US$319 billion for this year by Brand Finance, a sharp increase of 29% in comparison to the previous year, thereby becoming the fastest growing national brand in the world.
There is plenty of room for strengthening economic and trade cooperation between Vietnam and Russia in 2021 and the coming years.
Vietnamese Minister of Foreign Affairs Phạm Bình Minh and his Cambodian counterpart Prak Sokhonn on Tuesday co-chaired the 18th Việt Nam-Cambodia Joint Commission of Economic, Cultural, Scientific and Technological Cooperation held via video conference.
Any move by the US to impose tariffs on Vietnamese goods would hurt bilateral trade ties, the Ministry of Industry and Trade (MoIT) said.
Việt Nam's prospects appear positive as the economy is projected to grow by about 6.8 per cent in 2021 and, thereafter, stabilise at around 6.5 per cent, according to the latest World Bank’s economic update for Việt Nam “Taking Stock”.
Vietnam has emerged as the sixth largest wooden furniture exporter to the UK, grossing an export value of approximately US$422 million last year to make up 3.6% of the import market share, according to the Ministry of Industry and Trade.
The ASEAN Committee in Brasilia (ACB) and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) recently held an online meeting aimed at discussing future trade and business co-operation opportunities and ways to develop further economic ties between Brazil and both ASEAN and the nation.
In order to ensure the strict implementation of international commitments and the provisions of Circular No. 19/2020/TT-BCT, the General Department of Vietnam Customs will issue a document to guide provincial Customs Departments on a number of contents about origin of goods in the ATIGA.
If Vietnam and China can further optimise their neighbourliness as well as the huge trade potential under the EU-Vietnam Free Trade Agreement (EVFTA), bilateral trade will reach new heights, an official said at an online business matching event on December 17.
Việt Nam's exchange rate control, as part of its general currency policy, aims at keeping inflation in check and stabilising the macroeconomy. The country does not intend to create unfair competitive advantage in international trade, said the State Bank of Vietnam (SBV) on Thursday morning in a response to a report by the US Department of the Treasury in which it listed Việt Nam and Switzerland as currency manipulators.
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