According to the General Department of Vietnam Customs, value of goods trade between Vietnam and the United States increased from US$ 18 billion in 2010 to nearly US$ 60.3 billion in 2018.
Việt Nam is in the early stages of developing renewable energy sources and needs to introduce more incentive policies to attract more investment, experts have said.
The US will continue cooperating with Vietnam to further boost the substantive development of comprehensive partnership between the two nations, said US President Donald Trump during his talks with Party General Secretary and President of Vietnam Nguyen Phu in Hanoi on February 27.
Not only is the market open, but also production capacity has improved markedly, and Vietnam’s wood processing and exporting industry is still being accompanied with the support of the Government as well as relating ministries and branches. All this has opened up new opportunities for processing and exporting Vietnamese wood, even promising spectacular breakthroughs in the near future.
President Donald Trump on Wednesday signed a trade deal with Vietnam valued at more than $20 billion, with several of the country’s airlines agreeing to buy Boeing jets and technology from the U.S.
Foreign investors have poured US$8.47 billion into Việt Nam this year as of February 20, 2.5 times higher than the same period of last year, data from the Foreign Investment Agency under the Ministry of Planning and Investment revealed.
Hosting the worldwide political event of the year will be the perfect opportunity for Việt Nam and Hà Nội to showcase its strengths and attract foreign direct investment (FDI) this year.
Prime Minister Nguyen Xuan Phuc requested all localities and sectors to continue simplifying administrative procedures while chairing a conference of the Government’s Steering Committee for Administrative Reform in Hanoi on February 21.
Vietnam imported nearly 11,700 cars worth more than 273 million USD in the first month of 2019, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Vietnam Customs.
The United States is delaying a planned increase of tariffs on more than US$200 billion in Chinese exports after both sides hailed "substantial progress" made in trade talks.
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