The EU-Vietnam Free Trade Agreement (EVFTA) will create opportunities for Japanese companies to continue expanding operations in Vietnam and boost exports to the EU, according to chief representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima.
The landmark Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been in force for more than a year now, influencing the trade activities of member economies.
Joining new-generation free trade agreements (FTAs) will help Vietnam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.
After several years of negotiations, an Asia Pacific trade deal is set to be signed in 2020 that is expected to help drive deep partnerships across the continent.
The Vietnamese textile and garment industry continued its big role as a key driver of Vietnam’s exports.
VOV.VN - Despite failing to meet the targets for 2019, the fruit and vegetable sector is aiming to achieve an export target of US$5 billion during 2020 thanks to several advantages that will come with the signing of new Free Trade Agreements (FTAs).
The HCM City Department of Taxation hopes to surpass its revenue target by at least 5 per cent this year.
The HCM City Department of Customs wants to surpass its tariff revenue target by 3-5 per cent this year.
Vietnam holds great potential in food value chain development with a large consumption market and high export values, especially as the country is a member of various free trade agreements (FTAs), heard a seminar held in Hanoi on January 14.
VOV.VN - As an array of new-generation Free Trade Agreements (FTA) start to take effect in early this year, Vietnam’s export commodities can enjoy competitive advantages as a result of the removal of tariff barriers.
Nineteen groups of products are at risk of origin frauds, according to preliminary statistics of the General Department of Vietnam Customs.
Prime Minister Nguyen Xuan Phuc asked the industry and trade sector to strive for an export turnover of 300 billion USD next year during a conference held in Hanoi on December 27.
Fuelled by its positive performance in 2019, Vietnam is expected to continue witnessing high growth in the year to come, Michael Mugliston and Milton Churche, visiting fellows from the Institute for International Trade at the University of Adelaide in South Australia, provide analysis on the outlook for the Vietnamese economy in 2020 amid the country’s growing international integration.
VOV.VN - Vietnamese exports were projected to obtain the growth rate of 8 percent during 2019 with the estimated total turnover of US$263 billion, enabling the country to enjoy its fourth consecutive year of trade surplus worth more than US$9 billion.
VOV.VN - With the Vietnamese coffee industry currently exporting to 80 countries globally, the sector has already stated its ambitions to reach an export turnover of US$6 billion during 2020.
Vietnam’s trade value this year was estimated to touch US$500 billion, two years after hitting the $400 billion threshold, a new milestone for the country that has been striving to improve its business climate and enhance international integration.
The leather-footwear industry of Vietnam has established its foothold in the global market, but challenges are still lying ahead, requiring it to work harder to grasp big chances created by new-generation free trade agreements (FTAs).
Reduced revenue from cutting taxes on imported goods in accordance with various free trade agreements (FTA) Vietnam had signed was unlikely to affect State revenue, said the finance ministry in a conference held on December 12 in Hanoi.
Prime Minister Nguyen Xuan Phuc has asked the textile and garment industry to strongly shift from processing to production, aiming to create more highly added value products.
VOV.VN - It is predicted that export activities will not see any major fluctuations occurring during the remaining months of the year, due to the impact of the global economic slowdown, according to the Ministry of Industry and Trade.
