Vietnam is expected to be the world’s fifth largest rice producer in 2017, according to the Crop Prospects and Food Situation report released by the UN’s FAO.
The steel industry is predicted to grow by 12-15 per cent in the next five years, the Viet Nam Steel Association (VSA) reported at a June 12 workshop in HCM City.
There will be opportunities for Việt Nam to export more wooden products to Europe and other markets, delegates told a seminar in HCM City on Tuesday.
The investor must make sure if the business sectors they plan to operate in are permitted by the laws of Vietnam or satisfy regulatory conditions and requirements.
Vietnam’s steel export has grown a strong 35% in the first five months of this year but such robust growth may induce protectionist actions by overseas markets, said the VSA.
China was Vietnam’s largest trade partner in the first five months of this year, with turnover of $32.76 billion, up 23.6 per cent year-on-year, General Department of Vietnam Customs.
While foreign-invested enterprises (FIEs) continued to record a trade surplus in the first five months of this year, domestic enterprises saw a trade deficit of $9.31 billion
Russia pays special attention to the development of comprehensive strategic partnership with Vietnam, its long-standing and reliable friend in the region.
The Republic of Korea topped the investor line-up in Vietnam with over 50 billion USD as of the end of 2016, according to statistics from the KOTRA released on June 12.
Vietnam and China have great opportunities of cooperation under the framework of the China-proposed Belt and Road Initiative, noting that the initiative will benefit Vietnam
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