Many South Korean beauty service brands are seeking ways to penetrate the Vietnamese market through franchise models after the elimination of seven tariff lines on cosmetics.

Reports from the Trade Map of ITC and the World Bank show that Vietnam imported $500 million worth of cosmetics in 2011 and $1.1 billion in 2016, while the figure is expected to double by 2020 to $2.2 billion.

VietNamNet Bridge - Economic groups and corporations from ASEAN countries, including Vietnamese businesses, are pouring big money into neighboring countries. 

VietNamNet Bridge - ASEAN, together with China, should be the most important partner for Vietnam. However, Vietnamese enterprises are not keen on exporting their products to the market.

VietNamNet Bridge - While goods from ASEAN countries and China are flowing to Vietnam under free trade agreements (FTAs), Vietnamese goods are finding it difficult to penetrate the markets.

With the free trade agreement (FTA) between Vietnam and EAEU (Eurasian Economic Union) having taken effect, many Vietnamese export items now enjoy a zero percent tariff. However, it will be not an easy task to boost exports. 

VietNamNet Bridge - Is Vietnam capable of controlling the international transportation railway, or will it be controlled by Chinese companies?

VietNamNet Bridge - Unlike two years ago, when Vietnam witnessed a wave of foreign direct investment (FDI) in textile & garment projects, the capital flow into the sector has slowed down.

While the Trans Pacific Partnership (TPP) Agreement will be ratified by the Vietnamese legislature in 2016, the agreement ratification process is not going smoothly in the US as the two US presidential candidates do not support the agreement.

VietNamNet Bridge - Experts have urged the Ministry of Industry and Trade to reform its administrative structure as it now takes on too much work that is outside its purview. 

VietNamNet Bridge - The receipts from tax collection are increasing steadily year after year, but are never enough to cover expenses. Experts have warned that higher taxes and fees will burden people and businesses.

For the first time, as a result of EU-Vietnam Free Trade Agreement commitments, European investors will be able to offer tenders for various public infrastructure projects in Vietnam.

Mr. Chris Humphrey, Executive Director of the EU-ASEAN Business Council, spoke about what may lie ahead with the EU-Vietnam Free Trade Agreement (EVFTA).

 The National Assembly of the Republic of Korea (RoK) ratified the country’s free trade agreement (FTA) with Vietnam on November 30.

 Vietnam and the European Union (EU) will sign an agreement on the official conclusion of negotiations on a bilateral free trade agreement (FTA) during a Vietnamese leader’s working trip to the EU headquarters next week.

 VietNamNet Bridge – Import tax on auto spare parts and components may be down to zero per cent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).

 VietNamNet Bridge – Domestic exporters have missed many business opportunities in Russia because of lack of market information, payment difficulties and high shipping fees, experts have said.

 VietNamNet Bridge – Vietnam and the European Union (EU) have reached an agreement in principle for a free trade agreement (FTA) after two and a half years of intense negotiations. Jean-Jacques Bouflet, Minister Counselor and head ...

 VietNamNet Bridge – The recently signed free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EAEU) seeks to double bilateral trade to US$7 billion by 2015 and reach US$10 billion by 2020.

VietNamNet Bridge – Vietnam’s newly-signed free trade agreement with the Republic of Korea is expected to provide significant economic benefits— but for rice and other agricultural exports the impact will not be felt in the short term.