Vietnam has made encouraging achievements in improving the local business climate and national competitiveness since the issuance of Resolution No 19 in 2014.
Last year more than 40 billion packages were delivered in China – half the world’s global total. In other impressive statistics, China has 40 per cent of the road freight in OECD countries and around 24 per cent of rail freight.
Vietnam’s signing of the Forest Law Enforcement, Governance and Trade Voluntary Partnership Agreement (FLEGT-VPA) with the European Union (EU) will help the country boost wood product exports to not only the EU but also many other markets, according to an official.
Prime Minister Nguyen Xuan Phuc received Polish Ambassador Wojciech Gerwel in Hanoi on October 31, noting that having served as a trade counsellor in Vietnam for many years, the diplomat will bring bilateral economic and trade ties to a new level.
Thriving economic cooperation has been a highlight of the Vietnam-Japan extensive strategic partnership, with bilateral trade value growing steadily towards a more balanced relationship in recent years.
French Prime Minister Édouard Philippe’s official visit to Vietnam from November 2-4 is expected to help bolster the bilateral strategic partnership.
Singapore on Wednesday (Oct 31) suggested its Association of Southeast Asian (ASEAN) neighbours each send a cybercrime expert to be based in the country by 2019 in order to collectively tackle online threats that target the region.
Last week, Australia’s Senate passed legislation ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the sweeping trade accord signed by 11 Pacific Rim economies this past March in Chile. Australia is now the fourth of the 11 signatories to ratify the planned trade deal, following Mexico, Japan, and Singapore, boosting the chances of the CPTPP taking effect early next year.
The two deputy Prime Ministers of Vietnam and Malaysia have applauded tremendous progress in the Vietnam-Malaysia strategic partnership after five years of establishment during their talks in Hanoi on October 26.
The CPTPP is ready for takeoff. The trade deal was recently ratified by Canada, and Australia says it will do the same soon. Japan, Mexico, New Zealand, and Singapore have already ratified it. With six countries on board, the pact will provisionally go into effect.
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