25 years anniversary quotes

Hanoi (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) strengthens EU economic links with Southeast Asia and will potentially contribute to its recovery after the coronavirus crisis, moderndiplomacy.eu quoted an EU official as saying in a story published on August 3. The EVFTA, which took effect on August 1, will not only ultimately scrap duties on 99 percent of all goods traded between the two sides but also make it easier for European companies to do business in Vietnam, according to the site. They will now be able to invest and pitch for government contracts with equal chances to their local competitors, it said. Under the new agreement, the economic benefits go hand in hand with guarantees of respect for labour rights, environment protection and the Paris Agreement on climate, through strong, legally binding and enforceable provisions on sustainable development. “The European economy needs now every opportunity to restore its strength after the crisis triggered by … [Read more...] about EVFTA expected to contribute to EU recovery after coronavirus crisis

Globally, airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector’s history, Reuters quoted the International Air Transport Association (IATA) forecast in June. … [Read more...] about Vietnamese airlines post quarterly losses due to COVID-19

Garment factory owner Trang has a headache on her hands. She began calling workers back to work two months ago and started seeing orders picking up again in early July when Vietnam weathered the first wave of the novel coronavirus outbreak. But after the first community case was detected in Da Nang on July 25, many customers called early this week to cancel orders that she’d expected to deliver in mid-August. The number of new orders from across many provinces and cities also began to drop. "I was trying to minimize losses from the first semi-lockdown earlier this year, and now this... everything stands still," the owner of the garment factory in Hanoi's Long Bien District said. … [Read more...] about Second COVID-19 wave could sink local businesses

The Viet Nam Timber and Forest Product Association (Viforest) has sent an urgent petition to the Ministry of Finance and the Ministry of Agriculture and Rural Development and Ministry of Industry and Trade about congestion of wooden planks set for export at ports. … [Read more...] about Wooden plank exporters struggle with higher tax rates

The Toan Thang Steel Trading Co., Ltd. had never exported steel to the EU, but the company has adopted strategies to sell products to this market to benefit from EVFTA opportunities. According to Doan Danh Tuan, Chair of the Toan Thang Steel Trading Co., Ltd.’s Members Council, the company can export cut and sawn steel products according to the specifications of EU partners. … [Read more...] about Exporters hail EU trade deal, steel themselves for strict standards