Priorities for ASEAN economic pillar unveiled
As ASEAN Chair for 2020, Vietnam will introduce initiatives and priorities to boost regional connectivity and make ASEAN one the world’s leading economic growth regions.This year ASEAN countries will devise a mid-term Master Plan for building the ASEAN Community until 2025; develop an ASEAN Master ...
VOV5
Commission welcomes European Parliament's approval of EU-Vietnam trade and investment agreements
The European Commission welcomes today’s decision by the European Parliament to approve the EU-Vietnam trade and investment agreements. The EU-Vietnam trade agreement is now set to enter into force in 2020, upon conclusion of the ratification procedure by Vietnam.The trade agreement will eliminate virtually all ...
New chapter for the development of Vietnam’s pharmaceutical market
Permitting foreign-invested enterprises to conduct direct imports, Vietnam’s pharmaceutical policies are now more in alignment with international treaties.The change of governmental policy in the pharmaceutical field will affect significantly the local market, from both sides. As a positive, the grant for foreign-invested enterprises (FIEs) will ...
How does yuan price reduction affect garment, footwear industries?
The sudden depreciation of Chinese yuan against the US dollar brings more difficulties to Vietnam’s yarn industry, according to Vietnam Textile and Apparel Association (VITAS).Vietnam imports cotton from the US to make yarn products for export to China. If the yuan continues to fall, Vietnam’s yarn ...
Escalating trade war to hit Vietnam’s exports
The intensifying trade war between China and the U.S. threatens to derail Vietnam’s export growth with the weakening of the Chinese yuan. Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, ...
Dat Nguyen
Vietnam’s coffee exports plummet as robusta prices fall
The sharp fall in export earnings was caused by the price of robusta coffee falling in London due to a global glut, with Vietnam getting the lowest rates of all exporters.The price is decided by rates fixed on global coffee trading floors at the time ...
Vietnam, EU to sign EVFTA on June 30 in Hanoi
The European Council announced on June 25 that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam on June 30 in Hanoi.The EVFTA ...
Internal, external factors challenge Vietnam’s coffee exports
Numerous challenges are facing the export of Vietnamese coffee, which has continually declined in both volume and value since the beginning of this year.According to Acting Director of Agro Processing and Market Development Department – Nguyen Quoc Toan, Global coffee prices have been affected by ...
Mineral misery: Vietnam salt farmers battered by imports, climate
The work is punishing and the incomes unstable, subject to seesawing demand swayed by foreign imports, and increasingly unpredictable weather patterns.Vietnam produced about one million tonnes of salt in 2015, according to the latest official data, and often clocks surpluses, but it still ships salt ...
AFP
Fitch revises Vietnam outlook upwards to positive
Global credit rating agency Fitch said Vietnam will remain one of the fastest growing economies in the Asia-Pacific region. The firm announced the revision of Vietnam’s outlook to Positive from stable on Thursday, affirming that the country will keep its ‘BB’ sovereign credit rating.The agency ...
Hung Le
