Trade - Service

This is the second FTA that the EU has ever made with a Southeast Asian country, after Singapore.

The resurgence of the coronavirus is posing a significant risk to economic recovery efforts, stated Prime Minister Nguyen Xuan Phuc.

HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.

The EU-Vietnam agreement is the most comprehensive trade agreement the EU has concluded with a developing country.

By being ahead of the curve of the Covid-19 crisis, Vietnam has the unique opportunity to increase its footprint on the global economy, said a World Bank’s senior executive.

Dramatic drops in arrivals were seen in major markets such as China, South Korea, Japan, Taiwan (China), Europe and the US.

Vietnam's trade turnover is likely to have reached US$285.12 billion in the first seven months, down 1.3% year-on-year.

Around 90% of respondents taking part in a survey said they are affected by travel restrictions between Vietnam and Japan.

All travelers by air, road, sea and trail across the country are required to wear face masks and have their body temperature checked.

Benefits from FTAs have not brought along breakthrough changes for Vietnam, as most partners have similar economic structure, or even directly compete with Vietnam.

Vietnam needs US$7 – 10 billion for new energy projects each year.

US-tech giant Google looks to build long-term cooperation with Vietnam.

With 16 FTAs in effect or under negotiation, Vietnam has been at the center of a global network of free trade that accounts for 59% of the world population and 68% of global trade.

The Ministry of Finance would cooperate with the US in identifying fields and goods with high risks of origin fraud or illegal transshipment for information sharing and communication.

The South Korean ambassador to Vietnam suggested that the two countries should work on a mechanism towards the restoration of cooperation after the Covid-19 pandemic.

Vietnamese businesses need to improve their capacity to compete in such a highly demanding market as the EU.

The airline is scheduled to start operation in 2021, with target passengers being some one million tourists that tour operator Vietravel, the airline’s owner, is serving annually.

Vietnam’s external trade decreased 1.4% year-on-year to nearly US$240.12 billion in the six-month period.

Vietnam’s exports to key markets such as the US and EU sharply rebounded across many sectors.

Vietnam imported 39,000 cars worth US$879 million in the first half of the year, down 47% year-on-year in volume and 47.7% in value.