Enterprises in the garment and fishery sectors have set development plans to take full advantage of free trade agreements such as the CPTPP and EVFTA.
The European Commission (EC) had earlier announced it would dispatch a working team to Vietnam last month to review the country’s efforts to handle illegal fishing. However, it missed the scheduled date, so the yellow card for the country’s seafood remains in place.
Vietnam’s Ministry of Trade and Industry has issued a warning about products made overseas that are wrongly labeled as ‘made in Vietnam’ in order to enjoy favorable tax when exported to a third country, which not only hurts the reputation of authentic Vietnamese products but also subjects local goods to trade defense lawsuits.
The HCM City People’s Committee will offer more support such as workforce training and financial assistance to companies that make key industrial products.
Japanese car giant Honda reports a new record in scooter sales volume in Vietnam, with the total sales of scooters expected to reach 2.5 million units in the 2019 fiscal year.
Vietnam is considering scrapping import tariffs on crude oil and minerals.
Investors, especially foreign investors, are lining up to join the project to enhance and expand Dung Quat Refinery despite the uncertain deadline for completing the expansion due to the unapproved environmental impact assessment report.
Vietnam’s state inspectorate has announced several issues involving a salt mining plant in Laos developed by a state-run Vietnamese company which has been struggling to pull the plug on the overseas plan.
Quang Tri Province People’s Committee gave its approval to two companies to develop wind power projects worth a total of VND5.2 trillion (US$221.2 million) in the central province.
Several US toy makers intend to move their production facilities in China to other markets, including Viet Nam, due to concerns about negative effects of the US-China trade war.