Vietnam january

The Vietnamese delegation actively participated in the discussions with the aim of reaching consensus and promoting negotiations in order to early achieve satisfactory solutions for all parties, towards realising the sustainable development goal (SDG) 14.6 of the 2030 Agenda for Sustainable Development of the UN. At a meeting of heads of delegation to the WTO, Chair of the WTO negotiating group, Ambassador Santiago Wills of Colombia, briefed the participants on the work that has been done since January 2021. Wills reiterated that the WTO members should begin to express their views on an acceptable outcome that can lead the successful conclusion of negotiations, aiming to protect aquatic resources worldwide. Many statements delivered at the meeting noted the differences of views on the three issues discussed in the latest negotiation round, while proposing to use many different forms of negotiation to find solutions to narrowing the differences. A number of members welcomed the … [Read more...] about Vietnam joins WTO negotiations on fisheries subsidies

The Hanoitimes - The foreign-invested sector made up 76.4% of Vietnam’s total exports in the first two months with US$37.07 billion, representing an increase of 30.5% year-on-year. Vietnam reported an estimated trade deficit of US$800 million in February, narrowing the trade surplus in the first two months of 2021 to US$1.29 billion in 2019, the General Statistics Office (GSO) has said in a monthly report. Data: GSO. Chart: Ngoc Thuy Overall, Vietnam's trade turnover in the January-February period is likely to rise by 24.5% year-on-year to reach US$95.81 billion, of which its export value could amount to US$48.55 billion, up 23.2% year-on-year, and imports are estimated at US$47.26 billion, up 25.9%. According to the GSO, the foreign-invested sector made up 76.4% of the total exports with US$37.07 billion, representing an increase of 30.5% year-on-year, and the domestic-invested sector with US$11.48 billion, or 23.6% of the total. Among Vietnam’s key … [Read more...] about Vietnam posts trade surplus of US$1.3 billion in 2-month period

The Hanoitimes - The two countries keen on trade and energy cooperation. Vietnam and the United Kingdom will tighten co-operation to implement the UK-Vietnam Free Trade Agreement (UKVFTA) effectively, promoting the import and export of goods and increasing bilateral trade value between the two countries. A tra (catfish) processing line. Tra products are entitled to a zero % tax rate when exported to the UK. The co-operation plan was a key content discussed by Deputy Minister of Industry and Trade Dang Hoang An and British Ambassador to Vietnam Gareth Ward at a meeting held recently in Hanoi. At the meeting, the two leaders agreed that the UKVKTA, which took place on December 31, 2020 and being temporarily applied from January 1, 2021, will be a new driving force to take off the good relations on trade and investment in Vietnam and the UK. Despite extremely negative impacts from the Covid-19 pandemic in 2020, the trade exchange between the two sides still … [Read more...] about Vietnam and UK boost bilateral trade ties

The Hanoitimes - Such a deal would ensure a more comprehensive bilateral cooperation in various spheres, especially economy and trade, stated the Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang. Vietnam and the UK are accelerating negotiations on a free trade agreement (FTA), with a view to signing the deal by year-end, according to Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang. Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang. Photo: VNA. “Such a deal would ensure a more comprehensive bilateral cooperation in various spheres, especially economy and trade,” said Mrs. Hang at a press conference on December 3. The spokesperson stated that Vietnam will give top priority to cooperative relations with the UK, especially as this year marks 10 th anniversary of the UK – Vietnam strategic partnership. UK Foreign Secretary Dominic Raab previously visited Vietnam from September 29  - 30 with the trade deal at … [Read more...] about Vietnam, UK eye trade deal signing by year-end

The Hanoitimes - Both Vietnam and the UK are looking for a trade deal after Brexit. UK Foreign Secretary Dominic Raab is scheduled to visit Vietnam from September 29 – 30 to hold talks with his Vietnamese counterpart Pham Binh Minh, with a trade deal at the top of the agenda ahead of the ending of the transition period for Britain's exit from the European Union this year, Nikkei Asia reported. UK Foreign Secretary Dominic Raab to seek a trade deal with Vietnam in two-day visit. Photo: Reuters. Britain hopes to strengthen economic ties with Asia-Pacific countries and expand trade beyond Europe after Brexit. Vietnam approved a free trade deal with the EU in June and the EU-Vietnam Free Trade Agreement came into effect in August. Without a new bilateral trade deal with Vietnam, Britain faces higher tariffs from January 2020. Additionally, Britain is also seeking to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an … [Read more...] about UK foreign minister seeks trade deal in Vietnam visit