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Update news BTA
US President Donald Trump has proposed removing some countries from its GSP (generalized system of preferences) program. If this occurs, exports from countries to the US will bear higher tariffs.
VietNamNet Bridge - The average wage for Vietnamese workers is $1 per hour, far below the pay to Filipino workers ($2.1) and Chinese ($2.5).
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT), in its latest report on global trade and the impact on Vietnam, mentioned the possibility of a trade war and the risks of protectionism.
VietNamNet Bridge - “The surplus in trade with the US is not good at all. A deficit would be more reasonable for developing economies like Vietnam,” said Bui Ngoc Son of the Institute of World Economics and Politics.
VietNamNet Bridge - Vietnam’s textile & garment sector will maintain current growth if the US withdraws from the TPP, analysts say, but the growth would be higher if the TPP is approved by the US.
VietNamNet Bridge – Vietnam's joining in a series of bilateral and multilateral trade agreements, including the BTA, WTO, EVFTA and TPP, has opened up great opportunities for the entire economy to integrate deeper into the world,
Vietnam had to overcome serious difficulties in the thorny path to bring basa or catfish (Pangasius bocourti), to the US about 10 years ago. Since then, it has faced many lawsuits to retain the market.
VietNamNet Bridge – Since the normalisation of relations 20 years ago, economic relations between Viet Nam and the US have developed strongly in many sectors, and are expected to grow even further in the future,
VietNamNet Bridge – On the occasion of the US Independence Day July 4, the United States Ambassador to Vietnam David B. Shear spoke to VIR’s Thanh Tung about the two countries’ trade and investment prospects.