With the EVFTA, almost all Vietnam’s export items to the EU would be exempted from import duties right after the deal takes effect or after just a short time. This is the highest benefit from an FTA that Vietnam has signed with the international community. The most beneficial sectors will be footwear, textiles and garments, agriculture, and seafood. The sectors bearing the brunt would be chemicals, transport means and equipment, processed food, and basic metal items. … [Read more...] about Scrutinising the implications of new deals on Vietnam’s economy
Agence de voyage vietnam
Vietnam export growth brings risk of charge of currency manipulation Increasing exports to the US, Vietnam is a step closer to the risk of alleged monetary manipulation as US President Trump tries to reach a trade agreement with China at a negotiation round this October. … [Read more...] about What if the US no longer considers Vietnam a ‘developing country’?
Hanoi (VNA) – The 2020 Formula 1 race in Vietnam could be delayed after the event in China was postponed due to the acute respiratory disease caused by SARS-CoV-2 (COVID-19). The opening three races of the F1 season in Australia, Bahrain and Vietnam are under increasing threat of cancellation. The Australian Grand Prix is the first race of the season and is scheduled to take place from March 13-15. It will be followed a week later by the next stop in Bahrain from March 20-22, with the Vietnam race set to take place in Hanoi from April 3-5. Chairman of the Hanoi People’s Committee Nguyen Duc Chung recently remarked that the city is doing its utmost to prepare for the race. However, if the COVID-19 situation remains complicated, the race could be postponed, he said./. … [Read more...] about F1 Grand Prix Vietnam faces delay over COVID-19 concerns
New York (VNA) – Ambassador Dang Dinh Quy, head of Vietnam’s Permanent Mission to the United Nations, has called on all parties to find a long-term solution to the situation in Syria on the basis of international law and UN Security Council (UNSC) resolutions. Speaking at a UNSC meeting on the humanitarian issue in Syria on February 27, Ambassador Quy expressed concern over civilian losses in northwestern Syria as well as the humanitarian situation in other parts of the country. He also emphasised that all parties must comply with their obligations under international humanitarian law, including ensuring that civilians are protected and that aid is delivered on a priority basis. At the meeting, both Ursula Mueller, Assistant Secretary-General for Humanitarian Affairs, and Henrietta Fore, Executive Director of UNICEF, also shared their concerns about the humanitarian crisis in northwestern Syria, especially since early December 2019, when the government increased raids on … [Read more...] about Vietnam calls for solution to humanitarian crisis in Syria
Minister of Industry and Trade Tran Tuan Anh said some key products, including those of manufacturing, processing, mineral, metallurgy and supporting industries, are facing fierce competition in the context of trade disputes and origin fraud. Exports by domestic enterprises have greatly grown, but foreign-invested enterprises still account for the vast majority of the industries’ export value. In order to ensure growth and efficient economic restructuring, Anh said, the factors on which industrial production depends and the government’s role in policy improvement must be clarified. … [Read more...] about Vietnam’s industrial development, exports dogged by low added value