Local businesses have been advised to diversify their markets to intensify import and export activities this year, alongside maximising the benefits of free trade agreements (FTAs), restructuring export products, developing stronger brands, whilst grasping market information and changes in the policies of importers, according to insiders.
Last year’s export growth of 6.5% can be viewed as a bright spot in the nation’s economic picture, with this growth being attributed to the signing of a number of free trade agreements (FTAs).
The Vietnamese economy looks set to benefit from joining new generation free trade agreements (FTAs) which will have a great impact on the expansion of the local import-export market and new online business models.
Với những Hiệp định thương mại tự do (FTAs) mới Việt Nam vừa ký kết và bắt đầu có hiệu lực đã tạo nên sức hút đối với các nhà đầu tư nước ngoài.
The Vietnam-EU Free Trade Agreement (EVFTA), a new-generation free trade agreement between Vietnam and 28 EU member countries, and the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) are two FTAs with the broadest scope and the highest level of commitment Vietnam has ever signed.
Số thu từ 2 mặt hàng này trong 6 tháng đầu năm 2019 đạt 26.470 tỷ đồng, tăng 21.036 tỷ đồng, tương đương tăng 387% so với cùng kỳ 2018. Số thu từ hàng hoá khác đạt 149.052 tỷ đồng, tăng 7.537 tỷ đồng.
Vietnam has plenty of potential huge opportunities for the development of its automobile industry if the country takes full advantage of Industry 4.0, automation and cloud technologies used in manufacturing.
The Vietnamese Government commits to building a more favourable and competitive investment environment towards international standards and in accordance with commitments to high standards the country has made in new-generation free trade agreements (FTAs), said Prime Minister Nguyen Xuan Phuc on October 4.
The Communist Party of Vietnam has continuously called on its members to stop and curb any degradation in political ideology, morality and lifestyle.