The average income per capita in Vietnam will reach about US$3,000 in 2020 and the demand for cars will boom, according to the Ministry of Industry and Trade’s (MoIT) forecast presented on Thursday (October 12) at a seminar in Hanoi.
The foreign-invested sector, with electronics taking the lead, is expected to continue occupying the lion’s share of Vietnam’s exports over the next few years.
The Departments of Industry and Trade have been urged to actively launch trade promotion and market stabilisation programmes and connect supply-demand in peak times.
VOV.VN - The Ministry of Industry and Trade held a seminar on Friday (October 6) in Hanoi to discuss policies to help Vietnamese businesses participate in the supply chain during the period of integration.
VOV.VN - Millions of Vietnamese use smartphones for tasks like listening to music, making a phone call, sending text messages, hailing a taxi or checking in for a flight, says the Ministry of Industry and Trade.
Vietnam has successfully integrated in several global value chains and can increase its added value by policy reforms and initiatives in the fields of transport, services, border procedures and regional integration, said Ousmane Dione, World Bank (WB) Country Director for Vietnam.
The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation (WTO)’s rules.
Vietnam is likely to reach a total export turnover of US$200 billion for the whole year, surging over 13% from last year and exceeding the set target, Deputy Minister of Industry and Trade Do Thang Hai affirmed at the regular meeting held in Hanoi on July 14.
In a TPP without the US, powerful member countries will benefit most, according to economist Nguyen Tri Hieu.
The Trade Promotion Agency (VIETRADE) and the Thai Kasikorn Bank jointly organised a workshop to promote trade and investment cooperation between Vietnam and Thailand in Hanoi on May 23.
The Prime Minister has approved the establishment of two subcommittees with Peru and Uruguay to promote cooperation with the two nations.
Vietnam lacks the legal wherewithal to deal comprehensively with dubious multilevel marketing companies operating in the country, officials say.
The US’s withdrawal from the Trans-Pacific Partnership may make certain impacts on Vietnam’s short-term plans but will not affect the country’s long-term goals and integration direction, according to Deputy Minister of Industry and Trade Do Thang Hai.
Deputy Minister of Industry and Trade Do Thang Hai lauded the outcomes of the first meeting of the Vietnam-Brunei Joint Commission for Bilateral Cooperation.
VOV.VN - To promote investment and trade relations between Vietnam and Malaysia, a major conference was held on December 8 in Hanoi as a platform for business people from the two countries to interact.
The Ministry of Industry and Trade has launched a website to update regularly legal documents and policies of State agencies on the support industry at www.support.gov.vn.
VOV.VN - The EU is supporting the Ministry of Industry and Trade (MOIT) to educate the nation’s farmers, manufacturers, wholesalers, retailers, consumers and street vendors on safe food handling practices.
The role of firms remained critical in expanding points of sales and building a solid distribution foothold in rural markets where local residents had a thirst for locally-produced goods, according to the Ministry of Industry and Trade (MoIT).
VOV.VN - Deputy Minister of Industry and Trade Do Thang Hai on June 16 delivered the keynote address at the International Exhibition Centre in Hanoi opening the 16th China-ASEAN Expo (CAEXPO).
Vietnam and South Africa agreed to double efforts to lift bilateral trade revenue to US$3 billion by 2020 at the third meeting of their joint trade committee in South Africa’s capital of Pretoria. The five-day session convened on June 6.