Trade - Service

Although the country’s GDP growth in the third quarter is estimated at a decade-low of 2.62%, this is an improvement from the 0.36% growth in the second quarter.

Renewable energy has been developing rapidly, especially in 2019, mainly due to the impact of the government's initiatives.

Vietnam's 2021 growth is forecast at 11.2%, the highest in the Asia-Pacific region.

Despite the severe Covid-19 impacts, trade revenue between Vietnam and the region rose 11.8% year-on-year in the first eight months this year to US$69.3 billion.

The EU market requires Vietnamese businesses to overcome technical barriers and comply with regulations on quality, food safety, and traceability.

In one month and a half, the amount of Vietnamese goods and products that benefit from EVFTA’s preferential treatment is equivalent to that of the CPTPP throughout 2019.

An online conference designed to promote the export of Vietnamese farm produce and food is underway between September 22 and 25.

In addition to higher trade turnover, the implementation of the two new-generation and high-standard deals is pushing Vietnam to revise its legal framework to ensure compatibility.

Israel is Vietnam’s trusted partner in the Middle East, stated a Vietnamese central banker.

The international flights are requested to be safely conducted and comply with preventive measures.

The stimulus program will target Vietnamese people and expats living in Vietnam.

This marked the rise in number of imported cars to Vietnam in two consecutive months, following a 34% increase in July.

Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery.

The EU is the second largest import market in the world, accounting for 14.9% of total global imports, and Vietnam’s second largest export market.

Foreign companies are abusing preferential treatments from free trade agreements (FTAs) between Vietnam and its partners for illegal transshipment.

The Vietnamese exporters have taken advantage from the EU-Vietnam free trade agreement to increase exports to the EU.

While Vietnam’s economic outlook in the near term is dim, the country is showing stronger resilience than most comparable economies, stated the ADB.

The record US$13.5 billion trade surplus in the eight-month period far exceeded the unprecedented figure of US$11.12 billion last year.

The figure marked the first decline in car sales in four months, following month-on-month increases of 0.3% in July, 26.4% in June and 103% in May.

The amount of face masks exported in August, however, declined by 12% month-on-month to 135 million units.