Traders are buying fish at My Tan fishing port in Ninh Thuan Province for export processing factories. (Photo: SGGP)

Vietnam expecting seafood export increase thanks to RCEP

The Regional Comprehensive Economic Partnership (RCEP), with its market of 2.2 billion people in 15 nations, has been forming the largest free trade area in the world. Vietnam is deliberately promoting goods export, especially seafood, to this lucrative market as its next strategic economic step.

An apparel export business in HCMC. (Photo: SGGP)

Vietnam facing technical barriers to trade on its way of economic recovery

The total export turnovers of Vietnam since January 2022 has reached US$39,58 billion, an increase of 2.7 percent compared to last year, showing positive signals to the national economic recovery. However, many domestic enterprises are still concerned about the current dual pressure of fuel price rise and technical barriers to trade (TBT).

HSBC optimistic about Vietnam’s economy

HSBC optimistic about Vietnam’s economy

Vietnam’s economy should get back to GDP growth of 6.8 percent next year, which will be driven by a return of strong foreign direct investment into the market, mainly focusing on the manufacturing sector, according to HSBC Vietnam.

India favors closer cooperation with Vietnam

India favors closer cooperation with Vietnam

India is currently reviewing the terms in the Free Trade Agreement (FTA) with ASEAN, seeking more equality, and rejecting grounds that are not in its favor. 

Minister of Industry and Trade Tran Tuan Anh and UK Secretary of State for International Trade Liz Truss sign the agreed minutes on the conclusion of negotiations over the UK-Vietnam Free Trade Agreement on December 11. (Photo: VNA)

UKVFTA ushers in new opportunities for Vietnam-UK trade

The conclusion of the UK-Vietnam Free Trade Agreement (UKVFTA) demonstrates the importance of Vietnam as a market and its heightened position in the eyes of the UK, Vietnamese Ambassador to the UK Tran Ngoc An told the Vietnam News Agency after the finalisation of the bilateral trade deal in Hanoi on December 11.
People go shopping at Aeon Mall, a supermarket invested by a Japanese enterprise. (Photo: SGGP)

FTAs lure foreign investment capital into Vietnam

As of early September this year, the total foreign investment in Vietnam reached US$19.5 billion, down 13.7 percent over the same period last year. However, among 1,797 newly-licensed projects, the registered capital reached $9.7 billion, up 6.6 percent in registered capital over the same period last year. This shows that the new-generation investment attraction policies have been gradually brought into play.
Trade remedies amid new context

Trade remedies amid new context

To ensure a fair competitive environment in the field of trade, the Ministry of Industry and Trade (MoIT) has implemented measures to improve the safeguard capacity for domestic manufacturing industries amid the context that Vietnam participates in new-generation free trade agreements (FTA).
Import tariffs on pork expected to decline

Import tariffs on pork expected to decline

The Ministry of Industry and Trade (MoIT) on March 9 announced detailed information about the current situation of the import of pork and actions to stabilize the market price amid the situation that the price of pork remained at high levels, imports of pork were low, and the import tariffs were high while the Prime Minister had entrusted relevant departments to implement measures to reduce the price of pork to below VND75,000 per kilogram.
Export growth rate not as high as expected after CPTPP takes effect for one year

Export growth rate not as high as expected after CPTPP takes effect for one year

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Vietnam and the first six countries which took effect since December 30, 2018, is considered as a big opportunity to boost export volume and create conditions for enterprises to develop production and trade but the result after a year of implementation remains extremely modest.