Vietnam us trade relations

Germany has high demand for pepper. (Photo: VNA) Hanoi (VNA) – Vietnam-Germany trade relations will thrive on the back of the freshly inked free trade and investment deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), according to insiders. Nguyen Son Tra, deputy head of the WTO and Trade Negotiation Division under the Ministry of Industry and Trade’s Multilateral Trade Policy Department, said the EVFTA will bring distinct advantages to Vietnamese goods as right after the deal takes effect, 85.6 percent of the tax lines imposed on Vietnamese goods, or 70.3 percent of the country’s exports to the EU will be reduced in the first year. Meanwhile, the lifted tariffs will be 99.2 percent, or 99.7 percent of the country’s total export turnover to the bloc, in the next seven years, she said. Particularly, Germany, together with the UK and the Netherlands, has been Vietnam’s leading importer … [Read more...] about Free trade, investment deals to boost Vietnam-Germany trade ties

President Tran Dai Quang (R) and his Egyptian counterpart Abdel Fattah el-Sisi during the latter's State visit to Vietnam in September 2017 (Photo: VNA) Hanoi (VNA) – Delegation exchanges at the highest level between Vietnam and Egypt will create a solid foundation for bilateral cooperation to develop, said Vietnamese Ambassador to the African nation Do Hoang Long. He made the remark in an interview with Vietnam News Agency ahead of a trip to Egypt from August 25 to 29 by President Tran Dai Quang. This will be the first State visit by a Vietnamese head of State to Egypt since the countries set up diplomatic ties in 1963. Ambassador Long underlined the importance of this tour as it is not only a reciprocal visit after Egyptian President Abdel Fattah el-Sisi came to Vietnam in September 2017 but will also reiterate the commitments both sides made last year and strengthen bilateral connections in all aspects such as politics, economy, trade, investment, culture and … [Read more...] about High level visits to shape basis for stronger Vietnam-Egypt ties

Vietnamese products are introduced at the forum in Maputo on June 26 (Photo: VNA) Maputo (VNA) – Over 100 representatives of Vietnamese and Mozambican businesses gathered at a forum in Maputo on June 26 to seek stronger links in trade, investment and tourism between the two countries. Vietnamese Ambassador to Mozambique Le Huy Hoang said the Vietnamese Government is committed to continued support of the two countries’ businesses to reinforce partnership and capitalise on their potential and advantages. Meanwhile, Director of the Hanoi Department of Industry and Trade Le Hong Thang introduced advantages of the Vietnamese capital city, including favourable policies, transport infrastructure and human resources. He also highlighted the municipal authorities’ resolve to assist foreign enterprises to engage in economic, investment and trade cooperation. Mozambican Deputy Minister of Industry and Trade Julio Joao Pio reviewed the recent strides in bilateral … [Read more...] about Vietnam, Mozambique seek to enhance trade, investment, tourism ties

The workshop on Vietnam’s existing legal framework for commercial mediation and lessons learnt from international best practices was jointly organised by the International Finance Cooperation (IFC) of the World Bank Group and the Vietnam International Arbitration Centre (VIAC). According to Nina Mocheva, a senior financial expert from the World Bank Group’s Finance, Competitiveness & Innovation Global Practice, more Vietnamese partners, including organisations, individuals and State management agencies made commitments to promote the settlement of commercial disputes based on legal regulations. In recent years, commercial medication has been gradually legalised in Vietnam, she said. The Southeast Asian country has worked out measures to improve the legal institution and encourage involved parties to resolve disputes via commercial mediation to maintain their trade relations. Vice Chairman of the VIAC Vu Xuan Phong said trade and investment activities have been … [Read more...] about Vietnam boosts legal framework for commercial mediation

Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat (R), and Emilia Moiane, member of the Central Committee of the ruling Mozambique Liberation Front (Frelimo) and Director of the Mozambique Information Office (Gabinfo) (Photo: VNA) Hanoi (VNA) – Vietnam attaches importance to developing relations with Mozambique, which is an important partner of Vietnam in southern Africa, said Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat on November 12. He made the affirmation during a reception in Hanoi for Emilia Moiane, member of the Central Committee of the ruling Mozambique Liberation Front (Frelimo) and Director of the Mozambique Information Office (Gabinfo), who is in Vietnam for a working visit. Vuong congratulated Frelimo for its success in the general election in Mozambique in October this year, and expressed his belief that under the leadership of the party, the … [Read more...] about Party official affirms Mozambique’s importance to Vietnam