Trade - Service

Tightening imports of goods that Vietnam has abundant supplies is the right move, especially when the pandemic is wreaking havoc on the economy.

The Vietnamese company plans to export more semi-trailers to the US market annually.

Now, it’s turning its competitive advantage into a comparative advantage.

The acceleration of the vaccine rollout should help Vietnam’s economy to return to its pre-pandemic growth level next year.

Given the current Covid-19 impacts on the economy, closer supervision on products having significant impacts on the economy is required.

Restrictions to control the spread of the disease will weigh on activity in this third quarter and could persist if the outbreak is not under control.

With the funding, local banks have issued 974 guarantees valued at US$686 million to support exporters and importers.

Public investment, exports, and domestic consumption continue would be the three key factors for Vietnam’s economy this year.

Almost two years since the first Covid-19 outbreak, the transportation sector remains among the hardest hit by the pandemic.

The activity is part of a series of programs to promote rice exports.

They have contributed to addressing problems such as improving transportation in congested cities, expanding affordable connectivity in remote regions, and preventing food waste.

Localities should prioritize public investment in the infrastructure of transport, electricity, water, and telecommunications.

Potential disruption of supply chains as a result of the pandemic is making it hard for local enterprises to fulfill their contractual obligation to partners.

Despite the Covid-19 pandemic, bilateral trade turnover rose by 61.2% year-on-year to US$285 million in the first six months of this year.

The result is expected to lead to more pilot IATA Travel Pass flights.

With science, technology, and innovation as driving forces for growth, Vietnam aims for GDP growth for the next five years to exceed that of 2016-2020.

Customers also benefit from the product which offers a long-term growth boost through an attractive regular bonus every three years after the third year.

The EU is one of Vietnam's most important and stable trading partners.

The city’s authority plans to set up warehouses and selling points so as to prevent the supply from being disrupted.

By 2025, the logistics sector aims to contribute 9-11% of the GRDP with an average growth rate of 17-21%.