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TPP can't be redone to please US, Chilean president says

tpp2112The U.S. must accept the Trans-Pacific Partnership essentially as is if it hopes to rejoin the trade pact, Chilean President Michelle Bachelet said Monday, as the 11 remaining members prepare to sign their own version of the deal in March.

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2018 started with major FDI inflows

FDI2012A week ago, Japanese newswire Nikkei reported that the Japanese government and more than 20 large Japanese firms — including Sumitomo, Mitsubishi, Panasonic, and Tokyo Metro — are planning to join a gigantic project worth over $37 billion to build a smart city project in northern Hanoi.

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Car companies voice concern over Decree 116

car-exportViệt Nam needs to develop its own automobile industry, create favourable import conditions and ensure production for more than 90 million people.

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Ministry stalls shadow economy study

banhangrongAfter much debate over the true nature of undocumented market transactions in Việt Nam, otherwise known as the shadow economy, officials have again postponed the release of an accredited study on the matter.

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Reduced Australian tariff to boost Vietnam exports

tariffsAustralia will cut 90 percent of import tariff lines in 2018 and 100 percent of them in 2020 under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) roadmap, said the Ministry of Industry and Trade (MoIT).   

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PM: each diplomat should be soldier on external front

ongPhuc48094410PMPrime Minister Nguyễn Xuân Phúc visited the Foreign Ministry in its new headquarters in Hà Nội yesterday, wishing that each diplomatic official be a soldier on the external front.

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ITC helps improve Vietnamese businesses’ competitiveness

det may 4The International Trade Centre (ITC) will continue working with Vietnam to improve the competitiveness of its enterprises during their integration into international trade, affirmed ITC Executive Director Arancha González.

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Australia-VN to raise relations to a strategic partnership

VietnamUc2702Australia and Vietnam established diplomatic relations in 1973 after negotiations were concluded in Paris that resulted in an Agreement to End the War and Restore the Peace in Vietnam. Bilateral relations have been continually developed with two major turning points.

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Vietnam indecisive about visa waiver extension program

tourist2702The one-time valid visa fee for foreigners is $25. If Vietnam exempts Visa’s for travelers from more than 100 countries, it will lose hundreds of millions of dollars each year. However, if it can attract visitors from these countries, it could earn big money from tourists who spend $100 a day at minimum.

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USDA opens new office in Vietnam to facilitate increasing agricultural trade

usdaThe United States Department of Agriculture’s Animal and Plant Health Inspection Service recently celebrated the opening of its new office in Hanoi, Vietnam. The office will play a vital role in helping expand the United States’ $2.5 billion-dollar agricultural export market in Vietnam.

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