The Ministry of Industry and Trade (MoIT) held a workshop on November 4 to discuss tools to protect businesses against trade defence lawsuits in export markets in the context of integration. Pham Chau Giang, Deputy Director General of the MoIT’s Trade Remedies Authority, said that Vietnamese firms have faced more than 200 lawsuits related to […]
Read MoreVietnam still managed to maintain export growth in the first 10 months of this year despite COVID-19, and exports for the year as a whole are expected to rise 3-4 percent against 2019, according to the Ministry of Industry and Trade (MoIT). Export revenue stood at 26.7 billion USD in October, down 1.7 percent compared […]
Read MoreThe Hanoitimes – The government forewent over VND8.2 trillion (US$355.45 million) in customs revenue between January and October as a result of Vietnam’s commitments to free trade agreements. Vietnam’s customs revenue in the first ten months of 2020 declined by 14.66% year-on-year to VND250.46 trillion (US$10.86 billion), or 74.10% of the year’s estimate. The Import – […]
Read MoreThe Hanoitimes – E-commerce is the fastest-growing digital economy in Vietnam as online usage becomes part of the Vietnamese shopping life. Vietnamese consumers have increased their online shopping frequency in 2020 compared with the previous years, of which the percentage of monthly online users has risen from 47% in 2019 to 61% in 2020, according to […]
Read MoreThe Hanoitimes – Vietnam’s manufacturing purchasing managers’ index has risen a lot more quickly and strongly than the rest of ASEAN. Vietnam and Singapore are reporting a faster-than-expected V-shaped recovery compared to the rest in the Southeast Asian region, according to Singapore-based Business Times, citing a report from Malaysia’s largest bank Maybank Kim Eng. Maybank’s report suggested […]
Read MoreDespite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong. The Vietnamese government targets economic growth of 2% to 3% in 2020, 6% in 2021, however, it remains quite modest compared to positive assessment from international organization and […]
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