Trade - Service

The Civil Aviation Authority of Vietnam is consulting the People's Committees of provinces and cities on a draft plan for the reopening of air travel in phase one from October 5.

Vietnam is in a favorable condition to take advantage of free trade agreements (FTA) that the country is a part of, as well as growing global demand in the late-year shopping season.

With this agreement, Vietnam will provide a model – both for the Indo-Pacific region and globally – for comprehensive enforcement (of regulations) against illegal timber, said the US Trade Representative Katherine Tai.

The country still remains among the fastest-growing economies in East Asia and the Pacific, according to WB.

The Government is working hard to ensure businesses and people benefit from every policy or decision, Prime Minister Pham Minh Chinh has said.

The imposition of the floor price is aimed at balancing the interests of local consumers, airlines, and the State.

Vietnam stands 22nd among major suppliers to the UK and no doubt the country can climb up the rank.

Local firms are taking advantage of opportunities from the deal at a time when trading activities are struggling with Covid-19 impacts.

Growth could be aided by a revival of domestic demand, an acceleration in the disbursement of public investment funds, an expansion to new export markets, and the expected global economic recovery.

Online platforms will help Vietnamese businesses expand their foothold in the foreign market.

According to the credit rating firm Centrix data, about 45% of rental and property services have failed to pay their debts this year.

The team has made its best efforts to ensure its customers and distribution teams being well looked after.

The Vietnamese aviation authority is carrying out the process of granting an import license for the aircraft into the country.

Vietnam should further diversify its import markets to reduce trade risks in the future.

The Regional Comprehensive Economic Partnership (RCEP) was one of Vietnam’s major achievements when the country was serving as the Chair of ASEAN in 2020.

If the National Assembly approves the Government's proposal, enterprises will benefit from corporate income tax and value-added tax cuts by 30%.

Both sides agreed to step up cooperation in trade, investment, and healthcare.

South Korean investors see Vietnam remains an attractive investment destination and are committed to long-term business in the country.

Competent authorities will review and provide information on requirements and limits for the use of pesticide residues in food in accordance with regulations of importing countries.

Vietnam’s strong fundamentals remain and the country has built an enviable position in the global supply chain over the past years through its set of FTAs.