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ASEAN targets 2020 RCEP signing despite Indian obstacle

Vietnam, in its role as ASEAN Chair in 2020, will continue to coordinate with regional countries to advance negotiations on the Regional Comprehensive Economic Partnership (RCEP) toward a successful conclusion and signing in late 2020. Persuading India to return to the negotiating table Through many rounds of negotiations, the 10 ASEAN member states and its allies seemed to be nearing agreement on RCEP. However, ...

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Russian pork in large quantities to be available for sales

Vietnamese businesses have purchased nearly 3,500 tonnes of pork from Russia in an effort to increase supply sources and reduce domestic pork prices that have been skyrocketing on the market for the past few weeks. At least 15 Vietnamese businesses have signed contracts to import nearly 3,500 tonnes of pork from Miratorg –one of Russia’s leading meat producers, according the Ministry of Agriculture and ...

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Vietnam enjoys trade surplus of US$2.8 billion in first quarter

Vietnam ran a trade surplus of 2 8 billion USD in the first quarter of this year higher than 1 5 billion USD recorded in the same period last year despite the growing COVID 19 pandemic in the country major export markets. The domestic sector posted a trade deficit of US$4.4 billion while the foreign direct investment sector, including crude oil, recorded a trade ...

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Transporting dangerous goods demands adequate quality and safety programmes in place to meet local and international laws

The International Standard that outlines the requirements for such programmes for packaging has just been updated. ISO 16106, Transport packages for dangerous goods – Dangerous goods packagings, intermediate bulk containers (IBCs) and large packagings – Guidelines for the application of ISO 9001, outlines the requirements for an effective quality management system for the manufacture and measurement of dangerous goods packaging. Developed to be used ...

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Vietnam Attracts $4 Billion FDI Capital Despite COVID-19 Crisis

As of March 20, 2020, the total newly and additionally registered capital and capital contributed and shares purchased by foreign investors was $8.55 billion, equaling 79 per cent of the same period in 2019, according to a report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The disbursed capital of foreign direct investment (FDI) projects was estimated at $3.85 ...

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Incoterms® 2020

International Chamber of Commerce (ICC) has launched Incoterms® 2020 set that contains the rules for use of the 11 Incoterms® trade terms. It takes into account the latest developments in commercial practice, and updates the rules to make them more accessible and easier to us The Incoterms® rules are the regulations that define responsibilities of buyers and sellers operating in the international trade system. They ...

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Cargo Volumes at U.S. Ports Expected to Drop by 20 Pct Due to Coronavirus

During the first quarter of 2020, cargo volumes at many U.S. ports are expected to go down by 20 percent or more compared to 2019 due to the impact of the coronavirus outbreak, according to the American Association of Port Authorities (AAPA). The drop is ascribed to longer than usual Lunar New Year shutdowns of factories in China, in what is usually a slow ...

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Promoting cooperation between Vietnam-UK Customs

On the afternoon of July 5, 2019, at the headquarters of the HM Revenue and Customs (HMRC), London, United Kingdom, Mr. Jim Harra, Second Permanent Secretary, Tax Assurance Commissioner, Deputy Chief Executive of HMRChad a working session with Minister of Finance Dinh Tien Dung and the General Department of Vietnam Customs, Nguyen Van Can to promote Customs cooperation between the two countries.   The working ...

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The EVFTA can increase export of timber to the EU to US$1 billion

Talking to reporters from Customs News, Nguyen Ton Quyen (photo), Deputy Chairman and General Secretary of Vietnam Timber and Forest Product Association said that the EVFTA will create many opportunities for Vietnam’s wood industry, even raising export turnover to US$1 billion by 2020. Could you tell us briefly about the import and export of timber and timber products between Vietnam and member countries in ...

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Exports continue to be a sector that helps Vietnam grow

Interview with economic expert Nguyen Tri Hieu (photo) on the growth prospects from now until the end of the year.   Economic expert Nguyen Tri Hieu The economic growth in the first half of 2019 was 6.67%. This is considered a decent increase in the context of many difficulties. Could you please tell us your opinion on the economic growth from now until the ...

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