Trade - Service

Vietnam drafted an action plan towards balanced and sustainable trade relations with the US, which was sent to the latter in November and focused on supporting US enterprises’ operations in Vietnam.

It's understandable that Vietnamese are increasingly concerned about health issues as air and water pollution has become palpable in large cities.

The majority of Vietnamese enterprises have not set a clear vision and strategy towards sustainability, not to mention setting aside financial means to fulfill their corporate social responsibilities, said an expert.

In contrast to Vietnam’s positive outlook, the ADB has trimmed its forecasts for economic growth in developing Asia this year and next year.

The proposed tariff cut is aimed to balance bilateral trade relations.

Aeon sees huge potential in Vietnam and expects to expand investment in the country, said the CEO of Aeon Vietnam and Southeast Asia.

The establishment of communication channel under the agreement is instrumental in the fight against trade frauds and illegal transshipment, said Deputy Minister of Finance Vu Thi Mai.

Germany fully supports the Vietnam – EU relations, as well as the ratification of the EU – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA).

Vietnam is on track to become one of the biggest consumer markets in the world, said Japan’s richest man and CEO of Fast Retailing Tadashi Yanai.

Vingroup is now able to focus on its core businesses while Masan found its last piece of a puzzle to build an empire of consumer retail.

Vietnam’s inflation in 2020 is forecast to hit 3.5%, higher than the government’s estimated 3.17 – 3.41% in 2019, while the pressure will build up right at the beginning of next year.

This would result in income per capita of VND136 million (US$5,871), significantly higher than Vietnam’s GDP per capita of US$3,000 in 2016 – 2020 and an estimated US$4,688 in 2021 – 2025.

These two markets are not included in the 24 countries and territories having agreements with Vietnam on importing pork.

Vietnam's trade turnover reached US$473.73 billion in the January – November period, of which its exports amounted to US241.42 billion, up 7.8% year-on-year, and imports totaled US$232.31 billion, up 7.4%.

If including VND2,101.3 trillion (US$90.85 billion) of additionally capital pumped by operational enterprises, total registered capital added to the economy in Jan-Nov was VND3,675.7 trillion (US$158.92 billion).

The CPI increased 2.57% year-on-year in the first eleven months of 2019, the lowest growth rate for a eleven-month period over the last three years.

Vietnamese and Mongolian enterprises would continue to cooperate in animal product export and tourism, as well as exchange experience in medical training.

The “Vietnam- Hanoi Goods Week 2019” featured several conferences, talks and meetings between South Korean industrial associations, promotion organizations and enterprises and Vietnamese peers.

Japan-style corporate philosophy putting humans the center of business has inspired a large number of Vietnamese companies.

Many websites selling fake goods are hosted abroad, while Vietnam still lacks legal instruments to address rampant unfair competition and trade fraud activities in the cyber space.