Giorgio Aliberti Ambassador of the European Union Delegation to Vietnam, photo VOV These new foundations provide a good basis for expanded trade and investment opportunities. Vietnam is by far the biggest exporter of goods to the EU in the ASEAN – almost twice as much as the second strongest exporter, Singapore. Unfortunately, the trade is very unbalanced: Vietnam only buys a third of the products from the EU that Singapore buys, leading to big trade deficits. Regarding FDI, the EU is the largest investor in ASEAN countries, ahead of Japan and China. However, the EU is only the fifth-largest FDI partner of Vietnam. Is this an indication that there is room for FDI growth from EU companies to invest in Vietnam and what does this imply for trade? … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment
India vietnam bilateral trade
As the US-China relationship has become worse and the trade war escalated, there have been many discussions in the US and other countries on how to ease reliance on Chinese economy and the companies from China. Nikkei reported that the Japanese government would prop up 70 billion yen to Japanese enterprises in this campaign. Prior to that, it also provided grants of 243.5 billion last April to help Japanese enterprises ease the reliance on China. … [Read more...] about Strategies for new FDI trends in Vietnam
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. VNS … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
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
Bangkok (VNA) – Thai Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has pledged to speed up adjustment of the country’s rice strategy as quickly as possible as the industry is facing an array of challenges, including a strong baht and rising production costs. Local media quoted the official as saying after presiding over a recent Thai hom mali fragrant rice fair that rice exports have fared poorly since the beginning of last year because of foreign exchange swings and the ascendant baht, making Thai rice more expensive than competing grains. The country’s Ministry of Commerce is pursuing a rice strategy to improve competitiveness, covering all systems including marketing, cultivation and R&D of new rice varieties, Jurin said, noting that it is also working to find ways to reduce production costs for farmers to make Thai rice more affordable. He added it is promoting seven rice products and seed development as part of a marketing-led … [Read more...] about Thailand adjusts rice strategy to improve competitiveness