Vietnam remained the fifth biggest exporter to Canada in Asia, after China, Japan, the Republic of Korea and Taiwan (China) in 2016.
More than 60% of Japanese firms operating in Vietnam have intentions to expand their business here to cash in on the improved investment climate
The Government plans to provide wide-ranging assistance to the domestic supporting industry so that they can increase supplies of parts.
Although Việt Nam’s exports to China in the first month of 2017 surged nearly 40 per cent, trade deficit with the Chinese market remained high at US$2.45 billion.
As the host of the APEC Year 2017, Vietnam should have a stronger voice to promote globalisation and connectivity among APEC members.
Vietnamese tuna exporters have struggled to compete with Thai and Philippine firms in the Japanese market due to high taxes.
The US and Japan imported garments and textile products worth US$15 billion from Việt Nam in 2016, the Việt Nam Textile and Apparel Association (Vitas) has said.
Vietnam has consistently rated poorly in global measures of domestic private sector development, a key to the country’s future economic success.
Behind Vietnam’s strong economic growth and widespread national development, there is an engine of increasing foreign direct investment.
The Vietnam government has announced plans to invest heavily in perfecting the country’s intensive shrimp farming operations and expand production significantly over the next few years.
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