Last but not least, that Viet Nam has been hailed as one of the countries most successful in controlling the COVID-19 outbreak at low cost, as well as its assistance and provision of medical equipment and face masks to other countries in their fight against the pandemic have helped raise investors’ confidence. This is a good opportunity for Viet Nam to attract investment and recover the economy, creating momentum for long-term and sustainable development. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
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Streamlining regulations applicable to business sectors has a huge potential for triggering these dynamic gains. In many internal studies in the EU, it turned out that the right regulations, based on international standards and practices, will provide benefits to business, and attract international businesses that bring much higher benefits than the obvious gains from the tariff reductions. It is not about deregulating important government policies, but there are many ways to make regulations smarter. Better regulation inside Vietnam will also improve the competiveness of Vietnamese firms operating abroad and expanding to the EU. FDI often follows strong trade relations. In return, more FDI is likely to further increase the trade potential between partners. In its amazing progress to a middle-income country, Vietnam now realises that without further FDI its potential to become a regional hub and become part of global value chains may be limited. With the EVFTA and the EVIPA, … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
Vietnamese rice imported by Vinamex is sold at the Carrefour supermarket in Brussels. Fragrant rice has been consumed in large quantities in Europe for a number of years, but not much has been Vietnamese. Rice from Vietnam has been subject to a relatively high import tax of 5% to 45%, depending on the variety. There are even some EU countries that impose an import tax on Vietnamese rice of up to 100% or higher. Under the EVFTA, the tax rate on rice is 0%, and if Vietnam makes good use of the opportunity to export its 80,000-ton quota then export turnover could quadruple compared to the present figure. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
Shortly after receiving a notification from the Vietnam Pepper Association (VPA), Minister of Industry and Trade Tran Tuan Anh sent two letters to the Nepalese Minister of Industry, Commerce and Supplies to request support for the Vietnamese businesses and ask for the fleeing of the containers and the speeding up of clearance procedures, avoiding increase of cost for exporters. … [Read more...] about Vietnamese peppercorn containers stuck in Nepal eligible to return home
Dozens of tonnes of Vietnamese longans have been exported to Australia and distributed in the states of South Australia and Western Australia over the past few weeks. The most recent was the shipment of 7.5 tonnes of longans from the Mekong Delta provinces which arrived in Australia on August 6 and the 9-tonne batch departing from the northern province of Hai Duong on August 8 will join a promotional event, titled “Nhan Viet Nam minh” (Vietnamese longans), to be held by the Vietnam Trade Office in Australia. Dozens of tonnes of Vietnamese longans enter Australia over the past few weeks. (Photo: VNA) … [Read more...] about Dozens of tonnes of Vietnamese longan enter Australia over past few weeks