The Asian Development Bank (ADB) said on Wednesday it had lowered its 2018 economic growth forecast for Vietnam to 6.9 percent from 7.1 percent projected previously, partly due to an ongoing trade friction between the United States and China.
Mr. Hironobu Kitagawa, Chief Representative of the Japan External Trade Organization (JETRO), Hanoi Representative Office, tells VET about Japanese investment in Vietnam.
Vietnam could suffer collateral damage if Chinese businesses use made-in-Vietnam labels to avoid U.S. tariffs, experts warn. Economist Vu Dinh Anh said it is “highly possible” that Chinese businesses would seek to export their goods through Vietnam to the U.S. amid the trade war between the world’s two largest economies.
Vietnam is Canada’s largest trade partner in ASEAN. Despite the establishment of diplomatic ties in 1973, relations between the two countries have only recently strengthened.
Prime Minister Nguyen Xuan Phuc will lead a high-ranking delegation to the 73rd Session of the UN General Assembly in New York, the Ministry of Foreign Affairs has announced. The event will take place from September 25 - October 1 with the theme “Making the United Nations Relevant to All People: Global Leadership and Shared Responsibilities for Peaceful, Equitable and Sustainable Societies”.
Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
Vietnam wants to develop traditional friendship and multifaceted cooperation with Poland, one of its prioritised partners in East-Central Europe, said Deputy Prime Minister Truong Hoa Binh.
Vietnam is determined to build an open trade and investment environment and welcomes all European investors and entrepreneurs to do business in the country, Deputy Minister of Industry and Trade Tran Quoc Khanh has said.
The 14th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) is taking place in Hanoi, with participants discussing ways to boost environmental auditing for the sustainable development of the region.
In order to comprehensively reform the management method on policies of Import and Export Duty in line with the economic integration towards stability, publicity and transparency, and creating a healthy economic environment, the General Department of Vietnam Customs has consulted and proposed the Ministry of Finance and the Government to promulgate many new policies related to import and export activities in the Customs field.
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