Trade - Service

Deputy Prime Minister Vuong Dinh Hue requested FWD to invest in innovation startups in Vietnam, which are considered one of the country’s potential fields for development.

In Vietnam, 11 Business Associations have officially signed the Business Integrity Pledge to uphold the core values of integrity, ethical behavior, and accountability.

A major pillar of the Vietnam – Russia strategic partnership is trade and economic cooperation, in which the Vietnam – Russia Expo plays a significant part, according to Russian Foreign Minister Sergei Lavrov.

The number of expats in Vietnam rose from 72,172 in 2013 to 88,845 in 2018, the majority of whom are holding key positions, including manager, CEO and technician.

Customers of Seven.AM accused some products had Chinese labels cut off and replaced with the Vietnamese brand’s label.

There could be another wave of investment capital to Vietnam in 2020 in anticipation of the enactment of the EU – Vietnam Free Trade Agreement, as well as impacts of the US – China trade war, leading to a surge in imports of equipment, machinery and input materials, said Minister of Industry and Trade Tran Tuan Anh.

A slowdown in export growth of the foreign-invested sector could have a negative impact on Vietnam’s economy in 2020, according to SSI Securities Corporation, Vietnam’s largest brokerage house.

This resulted in Vietnam importing an average of 9,230 cars per month and over 300 cars per day, and car imports of nearly US$1.75 billion during the period, up 250% year-on-year.

The 2020 socio-economic plan stressed the importance of restructuring the economy by revising the growth model, and accelerating the implementation of major projects that serve as driving forces for growth.

The ratification of the EU – Vietam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA) would bring substantial benefits to all concerned parties, while improving the current modest trade turnover between Vietnam and Slovenia.

Vietnam wants to be an active player in the Industrial Revolution 4.0 (IR4.0) and hopes South Korean companies to develop I4.0 products in Vietnam, said Deputy Prime Minister Trinh Dinh Dung.

In order to ensure transparency and publicity, Vietnam invited the International Monetary Fund (IMF) and representatives of the United Nations to take part in the recalculation process.

In 2019, the combined value of Vietnam’s top 50 most valuable brands reached over US$9.3 billion, according to Forbes Vietnam’s ranking.

US enterprises want to contribute to Vietnam’s development, said US Secretary of Commerce Wilbur Ross.

The 154 trade probes against Vietnamese goods are initiated in 19 countries and territories, including the US with 30 cases, Turkey with 21, India with 20 and the EU with 14, among others.

The FMCG growth is driven by strong economic expansion and low inflation.

For a population of nearly 100 million, of which the majority is at young age and with steady growth of income per capita, Vietnam is considered a potential market for fashion retailers.

Government agencies must be mindful in a situation where regional countries are accelerating efforts to improve their business environment, but Vietnam is still sluggish.

Asia Beautopia Expo 2019 is an annual exhibition which has accompanied the beauty and health industry in many Asian countries over the years.

Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. This should change the popular perception about ASEAN, in which Indonesia and the Philippines are usually considered the major domestic-oriented economies.