Evfta

Trading activities were among the highlights of the economy in 2020 with an all-time high trade surplus of US$19.1 billion and contributed to a positive economic growth of 2.91%.

The German government fully support the enforcement of agreements in trade and industrial cooperation, including the EU – Vietnam Free Trade Agreement (EVFTA), to boost bilateral trade and investment cooperation.

This special shipment will be delivered to Malaysia and Singapore, those among Vietnam’s top 10 rice buyers.

Cars in Vietnam since 2021 are subject to new regulations such as registration fee, import tariff, and higher emission standards.

Vietnam trade policy is on right track with record high of US$544-billion turnover in 2020, in which e-commerce is an inevitable trend for local firms to access markets and increase trade value in the coming time.

Vietnam’s strong growth momentum in manufacturing is expected to continue in 2021, supported by growing external demand from trade deals such as the EVFTA, UKVFTA, and RCEP.

The bilateral trade deal will ensure the continuity in trade relations between the UK and Vietnam after the Brexit’s transitional period ends on December 31, 2020.

The portal is a way the Vietnamese government support local enterprises and people in approaching the free trade agreements to which Vietnam is a signatory.

With the current minimum wage of US$132-190 per month, Vietnam has been listed in the top three ASEAN countries having the lowest labor cost.

Vietnam continues to be among the world’s most attractive emerging economies, the HSBC Vietnam CEO Tim Evans has said.