Trade with Beijing and Tokyo will remain in the spotlight, as U.S. Trade Representative Robert Lighthizer embarks on ‘phase-two’ negotiations with both countries. Vietnam and other countries in Asia could also receive increased attention, if Trump remains serious about negotiating bilateral trade deals to replace the 12-nation Trans-Pacific Partnership that he pulled out of on his third day in office. ...

Vietnamese businesses should prepare to deal with potential trade barriers that could arise early next year when the historic EU-Việtnam Free Trade Agreement (EVFTA) takes effect. Phạm Bình An, director of the HCM City International Integration Support Centre, said the EVFTA trade deal was expected to increase Việtnam’s GDP by 4.3 per cent by 2030, and exports to the EU could surge by about 44 per cent by 2030. According to ...

Vietnam hopes China would show restraint in the South China Sea in 2020 after a Chinese oil survey vessel and its escorts spent months within Vietnam’s exclusive economic zone in what Hanoi called a blatant violation of its sovereignty. Vietnam, the region’s most forceful challenger of China’s extensive maritime claims to be the busy waterway, will take on the rotating ...

A meeting was held in Hanoi recently for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy. Speaking at the event, Vice Chairman of the Vietnam Association of Foreign-Invested Enterprises Nguyen Van Toan said two-way trade between Vietnam and China topped 106 billion USD last year. Vietnam ...

Vietnam is considering cutting tariffs on several American products, the Ministry of Finance said in a statement recently, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork, and potatoes are all earmarked for reductions; in order to re-balance ...

Vietnam has seen an influx of economic activity as companies seek to avoid tariffs on Chinese imports. U.S. companies that do business overseas are looking to diversify their business because of uncertainty about the U.S. relationship with China. Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months ...

Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months in 2018. At the same time, trade expert Michael Ryan explains, various “factors are lengthening the delivery cycle to consumers” from Vietnam. This means U.S. residents are buying much more stuff from Vietnam, and it is taking longer ...

United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the Trump Administration has reached an agreement with the government of South Korea on market access for U.S. rice. Under this agreement, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of approximately $110 million. Korea also agreed to ...