Trade - Service

US President Donald Trump expressed his strong support for the US – Vietnam bilateral relations, welcoming recent efforts from the Vietnamese government against trade fraud.

The upward trend has proved the increasing purchasing power among Vietnamese people.

During the period, Vietnam reported a trade deficit of US$34 million, much lower than a deficit of US$548 million reported one month earlier.

The escalation of the US – China trade war in the long term could pose negative impacts on Vietnam’s economy.

The agreement will increase an average of 0.1% in annual real GDP of Vietnam purely due to trade impacts, HSBC estimated.

Through Vietnam, the EU would have an opportunity to access ASEAN market with a population of over 660 million, bringing huge opportunities for European companies.

The EVFTA would prove significant for Vietnam, and lays a strong foundation for the country to further integrate into the global market.

Online shops could be the major clients of the firms as they have diverse service requests. In this field, small firms have bigger advantages than large ones. Delivery services can also seek niche markets such as instant delivery services, low-cost services and delivery of specialized products.

Zara is among the most successful global fast fashion retail brands proving their appeals to Vietnamese customers.

Highlights during Vietnam’s process of economic integration have been its intensive efforts to fulfill international commitments in the 2015 – 2020 period.

The overall exports pattern of Vietnam portrays its similarities with export-led growth model of Mexico, which has turned itself into export production platforms for foreign multinationals, rather than developing own indigenous industrial capacity.

Since 2000, Viettel has earned an accumulated revenue of more than VND1.78 quadrillion (US$76.5 billion), and VND334 trillion (US$14.3 billion) in profit.

An escalation of the trade conflict will hurt every country, including Vietnam. At the moment, export growth is lower than import growth in Vietnam, potentially worsening the trade balance in the country.

Phones and parts recorded the highest export turnover of US$19.9 billion during the five-month period, accounting for 19.7% of total exports and up 3% year-on-year.

Core inflation in the first five months picked up 1.85% year-on-year.

New uncertainties put the country at risk of a trade deficit exacerbated by the Chinese exports and increased competition in the domestic market as both the US and China can boost their exports to Vietnam.

Under-nine-seat cars made up the largest proportion of imported cars to Vietnam in April, accounting for 81% of total imported with 8,839 units.

YouTube remains open to discuss future content agreements with Yeah1, but its access to multi-channel network (MCN) privileges – such as the channel roll-up tool, Content ID, and CMS - will remain suspended.

The deal with the participation of 16 countries would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of trade turnover.

In fact, Sony had downsized its business operations in the Southeast Asia months ago and closed some of its main stores in Malaysia, Singapore and the Middle East.