NDO - The derivatives market has been officially launched in Vietnam in a move expected to fine-tune the country’s financial market and make it a major channel for providing medium and long-term funds for economic growth.
NDO – According to Prof. Dr. Nguyen Mai, Chairman of the Vietnam Association of Foreign-Invested Enterprises, new directions for attracting foreign direct investment (FDI), which focus on higher quality sources of capital and towards future technologies and services, will create an important opportunity for Vietnam to catch up with the countries that have higher levels of development.
NDO – Vegetables and fruit continue to be a bright spot in the field of agricultural exports during the first seven months of 2017. According to the Ministry of Agriculture and Rural Development (MARD), the total export value of agricultural, forestry and fishery products reached US$20.45 billion during the Jan-Jul period, in which fruits and vegetables alone accounted for US$2.03 billion, an increase of 49% over the same period in 2016.
NDO – Information from the Vietnam Competition Authority, under the Ministry of Industry and Trade, revealed that the US Department of Commerce (DOC) has announced its decision to adjust the antidumping duty on Vietnamese shrimp exported to the country, between February 1, 2013 and January 31, 2014, from 1.16% to 1.42%.
NDO – Southern localities are striving to achieve the total retail sales of goods and services in 2017 of over VND2 trillion, up 11.51% compared to 2016, with total exports reaching almost US$105 billion, up 11.6%.
NDO - The EU-Vietnam Free Trade Agreement (EVFTA), which is considered a comprehensive trade agreement covering a wide area of sectors and also has an equal elimination of tariffs from both sides, is anticipated to bring about benefits and opportunities for both economies in multiple ways throughout the years.
NDO - Prime Minister Nguyen Xuan Phuc chaired a meeting of key government members on July 8 to discuss the bill on special administrative-economic zones, which is expected to be applied to Van Don, Bac Van Phong and Phu Quoc.
NDO/VNA – Vietnam is expected to become the EU’s largest trade partner in the Association of Southeast Asian Nations (ASEAN), once the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect in 2018, according to the Minister of Industry and Trade Tran Tuan Anh.
NDO - There are concerns that Vietnam’s exports to the US could be hurt by the growing US protectionism, its withdrawal from the TPP trade deal and Vietnam’s inclusion on a list of countries with which the US runs a trade deficit. However, thus far Vietnam’s exports to the US have remained strong.