Vietnam Briefing News

Vietnam’s Trade Surplus Widens Through February

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Feb. 27 – The General Statistics Office (GSO) in Hanoi released numbers indicating that Vietnam’s trade surplus widened in February with exports exceeding imports by US$900 million. The GSO also revised January’s trade balance to a surplus of US$776 million. Exports fell to US$7.5 billion in February from US$11.47 billion in January, a drop that […]

Trans-Pacific Partnership Agreement to Boost Vietnam–U.S. Textile Trade

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Feb. 6 – The proposed Trans-Pacific Partnership (TPP) is likely to have a positive impact on Vietnamese exports to the United States, and will boost the performance of Vietnam’s export processing zones. The TPP is an agreement that will seek to create a large free trade zone, linking together key players among the Pacific economies.

Vietnam as a Manufacturing Base for Sales to China

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By Hoang Thu Huyen and My Nguyen, Dezan Shira & Associates Jan. 31 – One of the great enigma’s concerning managers across Asia today is Vietnam’s trade relationship with China, its massive northern neighbor with which it shares an 840-mile border. This is a timely question to examine, not least because Vietnam is one of […]

Vietnam-EU Free Trade Agreement Negotiations Continue

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Jan. 23 – On January 16, the Multilateral Trade Assistance Project (MUTRAP) and the Danang Branch of the Vietnam Chamber of Commerce and Industry (VCCI) held a seminar to discuss the contents of the Vietnam-European Union (EU) Free Trade Agreement (FTA). The seminar’s purpose was to assist Vietnamese enterprises in gaining a clearer understanding of […]

Vietnam and Singapore Sign Second Protocol to Amend DTA

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Jan. 16 – On September 12, 2012, Singaporean Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Vietnamese Minister of Finance Vuong Dinh Hue signed a second Protocol to amend the existing double taxation agreement (DTA) between the two countries. The DTA entered into force on January 11, 2013 in Singapore, and will be […]

Ho Chi Minh City’s Export Turnover Reaches US$30 Billion in 2012

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Dec. 18 – According to the Municipal Department of Industry and Trade, Ho Chi Minh City’s total export turnover during 2012 reached US$30.35 billion, representing a year-on-year increase of 7.36 percent. The Department’s Deputy Director, Huynh Khanh Hiep, further highlighted that the foreign invested sector registered an export value of US$8.8 billion, an increase of […]

Clinton’s Asia Tour Provides Boost to Vietnam-U.S. Trade, Relations

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Jul. 13 – U.S. Secretary of State Hillary Clinton announced in Cambodia on Friday that the United States will provide five Southeast Asian countries with US$50 million over three years to help out in areas such as healthcare, education, and the environment. Recipients of the aid will be: Cambodia Laos Myanmar Thailand Vietnam

Vietnam’s New Tax Schedule for 2012

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Vietnam’s Ministry of Finance issued Circular No.157/2011/TT-BTC on November 14, 2011, stipulating the tax rates of export and import tariff preferences under the list of taxable items. The Decree takes effect from January 1, 2012.

Viet–U.S. Pacific Free Trade Talks could Impact on China SOEs

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Oct. 31 – The United States, currently locked in discussions with Vietnam over the nine country Trans-Pacific Partnership (TPP), has had proposals to include new rules concerning state-owned enterprises rebuffed by Hanoi. The United States believes that SOEs often reap additional benefits directly from the State which amount to unfair subsidies and protectionism. Washington wants […]

Vietnam Seeing an Industrial ‘Renaissance’

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By Lorenzo Martelli Oct. 19 – Vietnam is gradually moving away from its traditional focus areas of industrial production such as textiles, food processing, rice and coffee to attracting investment in new sectors like electronic and high-tech manufacturing, research and development. Manufacturers are seeking alternatives along with rising labor costs in Thailand and China – […]

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