Trade - Service

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.

Such goods would be treated the same as humanitarian or non-refundable aid.

The city and retailers are committed to supplying essentials with stable prices in all the situations.

Both the EU-Vietnam Investment Protection Agreement (EVIPA) and EU-Vietnam Free Trade Agreement (EVFTA) would serve as the driving force to further boost Vietnam-EU relations.

Businesses are now allowed to self-conduct the Covid-19 test, while localities have the authorization to decide when to resume economic activities.

Solidarity and regional cooperation are necessary to fight off the pandemic and accelerate the economic recovery process.

European businesses still hold high hopes for Vietnam’s prospects.

Since the launch of the national online services portal, over 3,000 online public services have been available for the public, which helps save VND8 trillion (US$352 million) per year on public spending.

The ASEAN Trade in Goods Agreement (ATIGA) is a major driving force that is aimed at facilitating trade among country members.

Vietnam would help Austrian companies penetrate the ASEAN market of 650 million people and have a larger share in the CPTPP with 800 million consumers.

A well-functioning logistics sector underpins most economic activities and is fundamental for productivity and growth.

As of July 2021, Vietnam’s export items have been subject to 207 trade probes from abroad, 77% of which, or 160, were conducted since 2011.

The country with a network of 17 free trade agreements and a market of 100 million people has huge potential for digital economy development.

Vietnam attends a ministerial-level talk of the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Trade, investment, and economy are major pillars in cooperation between Vietnam and its key partners.

The number of flights connecting Hanoi to localities under social distancing is limited.

Thailand remains Vietnam’s largest trading partner in ASEAN and the 9th largest foreign investor in the country.

Vietnam’s trade outlook for the remainder of the year is projected to have intertwined challenges and opportunities, with the country’s efforts to contain the pandemic the most important factor.