VOV.VN - Vietnam’s apparel industry will be a key beneficiary from the ongoing US-China trade war and the subsequent diversification strategies of US retailers, a research entity of Fitch Group has forecast.
Textile, garment and footwear products made in Việt Nam will not enjoy immediate tariff cuts after the EU-Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bảo Việt Securities Joint Stock Company (BVSC).
The EU – Vietnam Free Trade Agreement (EVTA) to be signed on June 30 in Hanoi will bring both opportunities and challenges to Vietnam, so domestic enterprises should be really prepared to take full advantages of benefits from the deal, said Sebastian Eckardt, lead economist of the World Bank (WB) in Vietnam.
The participation in new-generation free trade agreements (FTAs) has proved to be a driving force for exports but also posed challenges for Vietnamese firms in meeting importers’ requirements and competing with foreign rivals right in the domestic market.
VOV.VN - Non-cash transactions would help cut down costs for both customers and firms while enhancing transparency in business operations and the economy at large, Deputy Prime Minister Vuong Dinh Hue said at a workshop held in Ho Chi Minh City on June 11.
Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department. Switching to online payment has reduced work for customs officers and helped businesses save time and cost.
Vietnam is the biggest beneficiary in the shift of the investment flow from China amidst the Sino-American trade war, according to Maybank Kim Eng senior economist Chua Hak Bin.
VOV.VN - A large number of local firms are still struggling to make market entry into CPTPP member countries and grasp opportunities arising from the agreement that came into force over three months ago.
Ho Chi Minh City will do its best to continue bolstering the sound neighborliness, traditional friendship, and comprehensive, durable and long-lasting cooperation between Vietnam and Cambodia, a municipal official said.
Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep praised the outcomes of the meetings of the Group of Friends on Disability (GoFD) organised over the past years.
PM Nguyen Xuan Phuc’s participation in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland (WEF Davos 2017) helped Vietnam access new ideas and development trends in the world serving its building and implementation of national development strategies.
VOV.VN - Vietnam became the world’s third largest footwear manufacturer in 2014, commanding a 3.7% market share, trailing China and India in first and second place, respectively, according to the World Footwear Yearbook.
(VOV) -ANZ on December 1 signed a new MoneyMinded partnership programme with three partners in Vietnam - Blue Dragon Children’s Foundation, FPT University and Institute of Economic and International Trade (Foreign Trade University).
(VOV) -The Vietnamese Party and State will protect the legitimate rights and interests of foreign investors operating in Vietnam, considering their benefits as Vietnamese benefits, Deputy Prime Minister Nguyen Xuan Phuc has said.
(VOV) -A recent study has revealed the economic benefits of wastewater collection and treatment systems far surpass their investment costs.
Vietnam and Cuba have signed a memorandum of understanding (MoU) on building an agenda on bilateral economic cooperation, affirming the two Governments’ determination to further promote economic, trade and investment ties.