New capital projects

The Hanoitimes - A trade deal in place will help ensure continuity in trade relations between the UK and Vietnam after Brexit’s transitional period ends on December 31, 2020. Vietnam and the UK today [December 11] officially concluded the negotiation process for the UK – Vietnam Free Trade Agreement (UKVFTA). Overview of the signing ceremony. Source: MoIT. The agreed minutes on the conclusion of the free trade agreement negotiation were signed by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and the UK International Trade Secretary Liz Truss in Hanoi. “The agreed minutes signed today is a first major step towards the signing of the UKVFTA in the coming time,” stated Mr. Anh. The Vietnam minister said both sides started the negotiation process for the deal since August 2018. As the UK is set to leave the EU-Vietnam Free Trade Agreement (EVFTA) after the Brexit’s transitional period ends on December 31, 2020, a new FTA between Vietnam and the UK … [Read more...] about Vietnam – UK free trade agreement takes new step for bilateral ties

The HCM City - Long Thành - Dầu Giây Expressway is expected to be widened to 10-12 lanes. The Ministry of Transport has urged localities in the southeast region to improve transport infrastructure over the next five years. — Photo courtesy of Đồng Nai Department of Transport HCM CITY — The Ministry of Transport has urged localities in the southeast region to speed up major transport projects by diversifying the sources of capital over the next five years. Speaking at a recent online meeting, Nguyễn Văn Thể, Minister of Transport, said: "A lack of regional connectivity and overloaded roads at major gateways remains an issue in the region." Thể has urged localities in the region to speed up implementation of major projects in the region in the 2021-2025 period, with priority given to the expansion of HCM City - Long Thành - Dầu Giây expressway, and construction of Bến Lức - Long Thành expressway, Biên Hòa - Vũng Tàu expressway, HCM City - Mộc Bài, and Ring Roads 2 and 3. Other … [Read more...] about Southeast region speeds up major transport projects to relieve congestion

The Hanoitimes - The trade deal is expected to spark new opportunities for Vietnam as one of the few Asian countries to secure an exclusive FTA with the UK. The signing of the UK – Vietnam Free Trade Agreement (UKVFTA) has ensured continuity of mutual trade after the end of Brexit’s transitional period on December 31, 2020. Vietnam’s Minister of Industry and Trade Tran Tuan Anh and UK International Trade Secretary Liz Truss at the signing of the free trade agreement in Hanoi on December 11. Photo: Nhac Nguyen/AFP/Getty Images The UKVFTA, which was signed in Hanoi last week, will reproduce similar effects from the EU – Vietnam Free Trade Agreement (EVFTA) as the UK will be out of the EU by the end of 2020, according to Savills Vietnam. For Vietnam, the UKVFTA will primarily boost exports, while for the UK, it is considered an essential first step in gaining access to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said … [Read more...] about UKVFTA maintains smooth Vietnam-UK trade after Brexit