The Agency of Foreign Trade estimates that Việt Nam''s export value of wood and wood products reached US$1.25 billion in June this year, down 1.1 per cent month-on-month, but up 13.6 per cent year-on-year.
A survey conducted by the MoIT at the end of last year found that approximately 20 large companies were interested in purchasing electricity directly, with a total demand of nearly 1,000 MW.
In the event Vietnam Electricity (EVN) and investors fail to produce a consensus, the prices will be determined by the Ministry of Industry and Trade with consideration given to fair competition for other sources of electricity.
Việt Nam, as an open economy with multiple Free Trade Agreements (FTAs) in place, is committed to fulfilling its obligations in the automobile import sector.
The country''s trade surpassed the milestone of $700 billion in value to hit $73.5 billion in 2022, a rise of 9.5 per cent against the same period of the previous year, according to the s of the General Statistics Office.
Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide.
South Koreans investing in Viet Nam can capitalise on preferential treatment under free trade agreements (FTAs) that Viet Nam has signed to boost exports, one top official said.
New generation trade agreements could hold the keys to success for many Vietnamese enterprises, especially smaller firms, so they should be making every effort to grasp the opportunities they offer.
According to the report, trade turnover between Viet Nam and ten members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in 2019 reached US$77.4 billion, a 3.9 per cent increase from 2018.
Việt Nam must hasten the process of issuing legal documents and institutional reform to implement free trade agreements (FTAs) and take advantage of these trade deals to boost exports.
Free trade agreements (FTA), including the latest one signed between Viet Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said.
Trade experts were upbeat over the EU’s decision to ratify the free trade and investment agreements between Viet Nam and the bloc while predicting a strong increase in trade and investment.
Joining new-generation free trade agreements (FTAs) will help Viet Nam diversify its economic and trade relations, especially expanding import and export markets, avoiding excessive dependence on a specific region and helping the economy cope better with external fluctuations.