Latest News about FTA
With revenue of $2.35 billion in 2018 and an annual growth rate of 25-30 percent per annum, the Vietnamese market is highly attractive to foreign brands.
The US-China trade war and new FTAs have given a push to Vietnam’s textile and garment industry, helping it gain two-digit growth rates.
Contrary to all predictions, Vietnamese retailers are competing on an even footing with foreign counterparts in the domestic market.
The opportunities are great for Vietnam’s woodworks industry, but great challenges exist as well, experts say.
Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision to avoid having high tariffs and trade sanctions imposed by other nations.
The product items of labor-intensive industries that investors hope will benefit from the production relocation movement, including textile & garments, footwear and toys, still have not seen export growth breakthroughs in the US as expected.
The footwear sector has optimised opportunities from free trade agreements (FTAs) that Vietnam has signed to increase exports, according to insiders.
Contributions from import taxes to the state budget will fall by nearly VND44t trillion ($1.88 billion) in 2020 after several free trade agreements took effect.
icon Đầu tư
“Thông thị trường, thoáng thể chế, nâng cấp doanh nghiệp, đào tạo nhân tài là 4 trụ cột giúp Việt Nam tận dụng được cơ hội để vượt qua thách thức”, ông Vũ Tiến Lộc đúc rút.
Prime Minister Nguyen Xuan Phuc witnessed the signing of the Vietnam-EU Free Trade Agreement and the Investment Protection Agreement in Hanoi on June 30.
icon Đầu tư
16h chiều nay (30/6), hai hiệp định quan trọng giữa Việt Nam - liên minh châu Âu EU là Hiệp định Thương mại tự do (EVFTA) và Hiệp định bảo hộ đầu tư (IPA) sẽ được ký sau gần 10 năm đàm phán với nhiều thăng trầm.
icon Việt Nam và thế giới
Hội đồng châu Âu hôm nay, 25/6 vừa phê chuẩn việc ký kết hai thỏa thuận thương mại và đầu tư quan trọng giữa Liên minh châu Âu (EU) và Việt Nam.
Party General Secretary and President Nguyen Phu Trong and President of the Russia Federation V. V. Putin have exchanged greetings on the occasion of the 25th anniversary of the treaty on basic principles for the bilateral friendship.
Vietnam’s fruit exports to China in Q1 decreased by 6.3 percent compared with the same period last year. The door to the biggest export market is narrowing.
The doors to export markets have opened after the signing of government-to-government agreements. However, enterprises still have to overcome many challenges.
Vietnam’s textile and garment may not be able to take full advantage of the preferential tariffs of two important FTAs, CPTPP and EVFTA, because of problems in input materials.
Japanese investment in Vietnam is expected to grow this year, given Japan’s recent initiative to shift investment to Vietnam and other Mekong River nations, as well as free trade agreements (FTA), experts said.
Higher import tariffs proposed by the government are expected to restrict imports of trucks and specialized vehicles from China.