Bilateral Trade

The initial results of the UK-Vietnam Free Trade Agreement promise to continue creating new impetus for economic and trade cooperation between the two countries in the coming time.

The German government fully support the enforcement of agreements in trade and industrial cooperation, including the EU – Vietnam Free Trade Agreement (EVFTA), to boost bilateral trade and investment cooperation.

In case the US unilaterally accelerates the process of imposing more tariffs on Vietnamese exports, this will no doubt cause negative impacts not only on bilateral trading activities, but also the two countries’ relations.

The cooperation between leading power developers is expected to make the energy-centered bilateral trade target achievable.

Both governments are advised to take a proactive approach to trade and investment and realize this potential.

Vietnam has set to be a bright alternative in Asia for US businesses amid the unprecedented challenges.

South Korea is one of the most important economic partners of Vietnam.

Vietnam could become a key part in the supply chains of South Korean companies in the fields of automobile, electronics and garment.

Minister of Planning and Investment Nguyen Chi Dung expected Vietnam and India to accelerate the process of opening markets for goods and products from each country.

Vietnam remains South Korea’s major partner, and would certainly play a key role in the supply chain of South Korean companies, said South Korean official.