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.
Prime Minister Nguyen Xuan Phuc (right) and head of the EU delegation to Vietnam, Ambassador Pier Giorgio Aliberti (Photo: VNA)

PM hails EP’s approval of free trade agreement with Vietnam

Prime Minister Nguyen Xuan Phuc described the European Parliament’s ratification of the EU-Vietnam Free Trade Agreement and EU-Vietnam Investment Protection Agreement as a great event of the year that marks the 30th anniversary of Vietnam-EU diplomatic relations.
FTA with EU expected to boost Thailand’s GDP

FTA with EU expected to boost Thailand’s GDP

A free trade agreement (FTA) with the European Union (EU) is likely to stimulate not only exports but also imports and investment as well, helping to raise Thailand's GDP by 1.63 percent a year, according to a study.