Local businesses slow in preparing to enjoy preferential tariffs in EVFTA

Experts have raised concerns that Vietnamese businesses are slow in preparing conditions to enjoy preferential tariffs in the Việt Nam-EU Free Trade Agreement (EVFTA).

Việt Nam witnesses positive signs of economic recovery in July: Cabinet meeting Prime Minister Nguyễn Xuân Phúc on Monday pointed out positive signs of national economic development amid the COVID-19 pandemic, urging sectors to keep up the good work.

Textile and electronics hardest hit in pandemic: official Textile and electronics were the two among mostly affected export-oriented sectors during the COVID-19 pandemic, said an official.

PM asks for COVID-19 prevention and economic recovery Prime Minister Nguyễn Xuân Phúc has urged ministries and agencies to continue taking measures to control the COVID-19 pandemic while preventing negative economic developments.

Việt Nam fulfills international commitments as EVFTA takes effect Việt Nam will continue to fulfill its international commitments so that it can take full advantage of the EU-Việt Nam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19.

Border trade rules to be tightened

Trần Quốc Toản, Deputy Director-General of the Import-Export Department, under the Ministry of Industry of Trade, gave an interview to Pháp Luật (Legal Affairs) newspaper in Hồ Chí Minh City on Việt Nam’s decision to gradually eliminate all temporary import and reexport activities through Việt Nam-China sub-border gates.

Some 13,200 firms established in July The registered capital of the new firms in the market last month increased by 72 per cent.

Việt Nam gains $6.5b trade surplus in 7 months Việt Nam achieved a trade surplus of US$6.5 billion in the first seven months of this year, including $1 billion in July, according to the General Statistics Office (GSO).

EVFTA to open “new wave of trade and investment” for Việt Nam The EU-Việt Nam Free Trade Agreement (EVFTA) is expected to kickstart a “new wave of trade and investment” if Việt Nam continues to strengthen the business environment and completes the legal framework for trade and investment, experts said on July 28 in HCM City.

Digital transformation helps firms join new supply chain Local businesses have an opportunity to accelerate digital transformation to join new supply chains, replacing traditional ones that have been disrupted or stalled by the COVID-19 pandemic, a top official has said.