Development chances for the sugar industry are still ahead if it can re-organise itself more effectively, Prime Minister Nguyen Xuan Phuc said at a meeting seeking ways to tackle difficulties facing the sector on February 18.
The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
Vietnam’s sugar industry is expected to face a great deal of difficulties as the country will drop tariffs on imported sugar from ASEAN under the ASEAN Trade in Goods Agreement (ATIGA) in 2020.
Vietnam has so far invested in 190 projects worth nearly 2.9 billion USD in Cambodia, according to the Saigon Giai phong (Liberated Saigon) newspaper.
Vietnam is an attractive market for the automobile industry, Malaysian Ambassador to Vietnam Dato Mohd Zamruni Khalid said at a workshop on business opportunities in automobile spare parts manufacturing between the two countries in Hanoi on April 18.
Imports and exports of the foreign invested sector in 2018 grew more slowly as a result of problems in the global market, while imports from the domestic sector grew by 16.4 percent, which showed high domestic demand.
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
Vietnamese firms have not been able to fully tap incentives offered by free trade agreements (FTAs) that Vietnam has signed, experts said.
VOV.VN - Since Vietnam joined the ASEAN Economic Community (AEC), it has promoted its role and sought opportunities to penetrate ASEAN markets.
The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Vietnam Sugar and Sugarcane Association (VSSA).
After 23 years joining the Association of Southeast Asian Nations (ASEAN), Vietnam’s economy has connected closely with the bloc’s economy, especially after the ASEAN Economic Community (AEC) was set up in late 2015, said Minister of Industry and Trade Tran Tuan Anh.
Vietnam commits to working to fulfill ASEAN’s targets in 2018, Minister of Industry and Trade Tran Tuan Anh recently told the media.
While the ASEAN Trade in Goods Agreement (ATIGA) has been delayed until 2020, the future of the local sugar industry, with several sugar mills facing closure, remains uncertain, officials said.
The ATIGA (ASEAN Trade in Goods Agreement) implementation will be delayed by two years, which means Vietnam will not remove the sugar quota scheme and tariffs until 2020.
The local sugar industry once again cries for more support as the sugar stockpile has kept mounting.
The adoption of a zero percent tariff from January 2018 among member countries of the Association of Southeast Asian Nations (ASEAN) will create opportunities for Vietnamese businesses to seek markets in the region, but competition in the domestic market will also become fiercer with the flood of imports from ASEAN region.
Deputy Prime Minister Trinh Dinh Dung has urged the Ministry of Transport and the Ministry of Industry and Trade to implement current policies and assist the removal of obstacles for auto businesses.
Automobiles imported from ASEAN countries expect to conquer Vietnam from early April.
The implementation of tariff reduction to zero per cent under the ASEAN Trade in Goods Agreement (ATIGA) from January 1, is an obsession with the Vietnamese sugar industry.
Demand for driver education in Ho Chi Minh City surged in 2017, mostly as a result of news that car prices would drop in 2018 following the scrapping of several import duties.