The domestic garment industry has faced many challenges in exporting to key markets, such as the European Union (EU) and the United States, but it still has a chance of achieving its export target this year, according to experts.
VOV.VN - The EU and Vietnam have reached an agreement on a free trade deal that will remove nearly all tariffs on commerce between the two economies and contribute to further market access, albeit with long transition periods for certain products.
Deputy Prime Minister Trinh Dinh Dung has suggested Ireland prompt the European Union (EU) to soon sign and ratify the EU-Vietnam Free Trade Agreement (UVFTA) and recognise Vietnam’s market economy.
VOV.VN - In the first quarter of this year, imports from China jumped by 18.9% to nearly US$12.7 billion against the same period last year, making up 27.3% of the country’s total imports, according to preliminary statistics from the General Department of Vietnam Customs.
To take full advantages of free trade agreements in general and the EU-Vietnam free trade agreement in particular, it’s important that Vietnam’s garment and textile products meet stiff rules of origin.
VOV.VN - Trade revenue between Vietnam and Eurasian Economic Union (EAEU), which comprises of Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, reached US$4.3 billion, including US$2.7 billion of Vietnam’s exports in 2016, up 18% against 2015.
VOV.VN - The expansion of commercial trade was at the top of the agenda at talks held under the US-Vietnam Trade and Investment Framework Agreement that concluded today (Mar.30) in Hanoi.
President Tran Dai Quang received Hyundai Motor Vice Chairman Chung Eui-sun in Hanoi on March 28, asking the group to support its Vietnamese partner in personnel training and technology transfer, and increase the rate of domestically made content in its products.
Prospects are bright for Vietnam’s footwear exports after the EU-Vietnam Free Trade Agreement comes into force in 2018.
With the collapse of TPP, the textile & garment industry will have to revise its investment and development strategy.
Vietnam is ready to work with the Republic of Korea (RoK) to effectively implement the bilateral free trade agreement (FTA), boosting their trade to US$70 billion, even US$100 billion, by 2020.
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.
VOV.VN - A delegation of governmental officials and business leaders from the Republic of Korea (ROK) are visiting with their counterparts in Danang in a push for a greater share of business with Vietnam.
Trade officials from the eleven remaining members of the TPP will hold discussions in the coming weeks and ministers will meet again in May in Vietnam to continue debate over the TPP.
To a certain extent the advantages held by Vietnam vary according to sector, but some of the main advantages perceived by foreign investors include the fact that the country is considered to have a stable political system while there are uncertainties in neighbors such as Thailand and Malaysia.
Greece’s Ambassador to Vietnam Nicolas Kanellos said in his meeting with the Chairman of Hanoi People’s Committee Nguyen Duc Chung on March 13 that the time is ripe for Hanoi and Athens to boost economic, cultural and tourism cooperation.
VOV.VN - The resumption of ASEAN-EU free trade talks was announced on March 10 at a press conference in Manilla on the sidelines of the 15th ASEAN Economic Ministers-EU Trade Commissioner Consultations.
The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) announced on March 10 that they will strive to resume negotiations on a free trade agreement (FTA) between the two blocs, as European countries look to tap the region's strong growth.
Deputy Foreign Minister Nguyen Quoc Dung has made a working visit to the EU from March 4-10, aiming to boost Vietnam – EU ties via lobbying for the early signing and ratification of the EU-Vietnam Free Trade Agreement.
The Vietnam Leather and Footwear Association (Lefaso) will run a leather and footwear promotion conference focusing on improving business and export capability for enterprises on March 15 in HCM City.