With tax barriers for less sensitive commodities being completely lifted within no later than three years since the adoption of the or EVFTA, Vietnam’s garment and footwear industries are predicted to be beneficial from the trade deal.

Vietnam and the European Union (EU) last week signed a landmark free trade deal that will slash tariffs on almost all goods, including wood and timber products.

Vietnam’s industrial and economic zones attracted 340 foreign-invested projects with a total newly-registered capital of 8.7 billion USD in the first six months of 2019.

The national flag carrier Vietnam Airlines and the Sheremetyevo International Airport of Russia held a ceremony on July 2 to welcome its first flights to and from the airport.

Vietnam has carried out 23 agricultural projects using official development assistance (ODA) worth over 1.96 billion USD, said an official.

The US Department of Commerce has announced preliminary rulings on the circumvention inquiries into Vietnamese cold-rolled steel and corrosion-resistant steel exports made from materials imported from Chinese Taiwan and the Republic of Korea.

Clean production gets fruity in export

British investments in Vietnam are growing at a steady rate, but regulators believe that there is still a lot of room for improvement as the two countries become closer business partners.

Vietnam and the United Kingdom are boosting their bilateral strategic partnership in all sectors, including trade and investment. 

The State Bank of Vietnam has issued a new circular relaxing regulations on bank deposit services for foreigners and nonresidential organizations in Vietnam, a move designed to attract idle funds from the expat community.

It is good for Vietnam to get foreign investment in its fintech sector as support in technology, experience and capital from global major foreign financial groups will help local firms further develop.

Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the EU.

The footwear sector has optimised opportunities from free trade agreements (FTAs) that Vietnam has signed to increase exports, according to insiders.

The Vietnamese dong has gained some strength against the US dollar in the past month, helped by abundant domestic supply and favourable global conditions.

Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.

Farmers in the northern province of Bac Giang earned revenue of 6.1 trillion VND (262.3 million USD) from lychee this year, surpassing records in the past 60 years in terms of value.

Southern transport network needs better planning: experts

Vietnam Airlines has spearheaded the country’s aviation market - one of the fastest-growing markets in the world - throughout 20 years of development, at a double-digit annual growth rate.

According to the Vietnam Logistics Business Association, Vietnam’s logistics market has grown by about 12-14 percent annually in recent years.

Truong Viet Dung, deputy director of the Hanoi’s Department of Planning and Investment, speaks to Hà Nội Mới (New Hà Nội) newspaper on what the city has done to become a leader in attracting foreign investment.