Trade - Service

Central Group is committed to expanding investment in Vietnam, said the group representative.

Vietnam is said to change its regulatory framework to tap potential offered by FTAs.

Local importers forecast US agricultural products to continue penetrating the Vietnamese market in the remaining months of 2019, due to the escalation of the US – China trade war.

Vietnam spends nearly US$3 billion on coal imports annually.

T&T Group’s deal has provided much needed amount of cashew nuts for Vietnam’s cashew sector and cements the country’s status as one of the largest cashew vendor in the world, accounting for 60% of global production.

In addition to having a localization rate of 30%, made-in-Vietnam products are required to be partly produced in Vietnam, not just basic processing.

The reform of the custom clearance process must ensure greater trade facilitation and efficiency in tackling trade fraud activities.

The domestic sector reported a trade deficit of US$16.8 billion in the period, while foreign-invested firms posted a trade balance of US$18.6 billion.

Foreign companies account for 80% of Vietnam`s logistics market, which is likely to be valued at US$87 billion by 2022.

Vietnam’s push for deeper global economic integration through new trade deals is a decisive factor for a shift of Chinese capital, while evidence is still needed to back up the argument that trade war is behind such trend, said an expert.

Core inflation in the first seven months this year picked up 1.89% year-on-year.

Vietnam has fully complied with commitments to the WTO as well to trade agreements it has signed.

Investment and trade serve as pillars in the Vietnam – US comprehensive partnership.

The Ministry of Transport (MoT) should consider using technologies as instruments for management, instead of traditional methods such as putting a light-boxes on cars.

In June alone, a total of 10,540 cars were imported to Vietnam with value of US$254 million, up 26.5% month-on-month.

Vietnam appears to be the first choice for German firms who eye investment expansion in Asia.

The FDI sector recorded trade surplus of US$15.04 billion during the January – June period, contributing significantly to Vietnam’s surplus of US$1.59 billion in the same period.

Walmart has been working with Vietnamese partners and is willing to address their concern in approaching its distribution system.

Vietnam’s certification is only a source of reference for US customs, as they have their own measures to check the origin of export products.

Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).