Trade - Service

Vietnam is expected to export more than six million tons of rice this year.

Rising political, trade tensions and high public debts across economies in the world require Vietnam to have drastic measures to ensure the economic growth plan to stay on track.

Prime Minister Nguyen Xuan Phuc has agreed on setting up a taskforce specialized in addressing bottlenecks for investment.

Authorities of Quang Ninh and Hai Duong provinces take measures against the Covid-19 pandemic.

Vietnam’s exports in January surged over 50% against the same period of last year.

In long-term, the outlook of Vietnam’s stock market remains bright as the positive macro-economic environment would serve as a big boost for the market.

While the Covid-19 pandemic further exposes Vietnam’s shortcomings from its highly dependence on both the global supply and demand sides, it is also a golden opportunity for the country to narrow development gap with regional peers.

Local businesses are facing with fake and imitation goods, which have not been thoroughly solved, making many consumers lose their confidence.

Vietnam passed the intellectual property law few months after the enforcement of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Imported sturgeons without a clear origin and undergoing safety standards pose major risks to the health of customers, environment and local fish farmers.

The Covid-19 pandemic are prompting major rice buyers including the Philippines and African countries to turn to Vietnam, while there has been a growing demand for rice in Asia.

The majority of imported cars in Vietnam in the final month of the year came from Thailand (7,696 cars), and Indonesia (2,353) and China (1,158).

Vietnam’s top leaders, who are selected at the 13th National Congress of the Communist Party, will drive the country towards its socio-economic development targets as well as multilateral goals around peace, security and prosperity in the region and globally.

Despite unprecedented challenges from the Covid-19 pandemic, bilateral trade turnover in 2020 rose by 6.6% year-on-year to US$5.1 billion.

Bird's nests are mainly exported by local companies, marking an estimated value of about US$100-125 million per year.

There could be a shift in trade movement as Vietnam’s trading advantage against China is diminished given the presence of the RCEP.

In the past five years, there had been a positive shift in the city’s structure of industrial production, resulting in higher contribution of the sector to the overall gross regional domestic product (GRDP) growth.

Vietnam is having a golden chance to make a breakthrough in economic development by taking advantage of science, technologies and innovation.

A zero percent antidumping rate plays an important role in the local tyre production, which is facing fierce competition from imported products of Thailand and China.

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%.