Chinese and U.S. investments are increasing in Vietnam due to escalating trade frictions between the two largest economies. However, this is likely to prompt the United States to impose tariffs on Vietnamese goods if shipments from Vietnam are found to be actually transferred from China, said experts at a workshop in HCMC today, June 25.
Viet Nam has been moving towards building a sustainable wood processing industry that uses legal materials in accordance with international and Vietnamese law as well as regulations of major export markets like the US, EU and Japan.
Some have opined that spurred by the Sino-American trade war, Vietnam is likely to become a new world’s factory in place of China. Nevertheless, it is the quality of that factory which counts, argue many economists.
Asian consumers are increasingly adventurous about exploring and experiencing new foods and beverages, according to the Vietnamese High Quality Products Business Association.
Vietnamese exports of agricultural products must meet food safety, quality and traceability requirements to China which now requires that exports be sent through official channels only, speakers said on Thursday at a meeting held in HCM City.
Chinese companies are accelerating investment in Viet Nam – but some local businesses are voicing concerns.
Provided with beautiful landscapes, long beaches and rich cultural and marine resources, Binh Dinh Province is expected to transform into a key destination for both domestic and foreign visitors.
The World Trade Organisation (WTO) Trade Facilitation Agreement (TFA) will help micro, small- and medium-sized enterprises (MSMEs) further diversify exports and expand markets, as well as improve GDP growth in Viet Nam, experts said on June 13 at a seminar held in HCM City.
The regulatory framework was still the biggest challenge for the Vietnamese start-up community, speakers said at a summit on Monday.
Vietnam needs to boost domestic investment and productivity growth to renew its growth momentum and achieve its targeted high income status by 2045, said economists from the World Bank (WB) office in Vietnam at a workshop in Hanoi on June 7.