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Vietnam to be removed from GSP of EAEU


Vietnam to be removed from GSP of EAEU
18:15 | 25/05/2021
Vietnam will be removed from the list of generalised scheme preferences (GSP) of the Eurasian Economic Union (EAEU) from October 2021.
In 2020, bilateral trade between Vietnam and the EAEU reached $5.2 billion, up 6.5 per cent compared to 2019
According to Decision 17 of the Trade Policy Department of the Eurasian Economic Commission (EEC) dated March 5, Vietnam will no longer enjoy the GSP of the EAEU from October 12. This change is expected to strongly impact businesses whose goods exports are enjoying GSP to the EAEU. 
Enterprises are recommended to pay attention to this deadline to adjust their export activities accordingly. Plus, they are recommended to take advantage of tariff preferences from the Vietnam-EAEU Free Trade Agreement, replacing the GSP regimes that will be terminated shortly. ....

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Vietnam asserting its brand identity on the global stage


Vietnam asserting its brand identity on the global stage
07:30 | 22/04/2021
This week the Ministry of Industry and Trade in coordination with agencies, businesses, and other organisations will hold the National Brand Week Programme 2021 to celebrate efforts made by the government, the ministry, and the business community to enhance the position and image of Vietnamese brands through the Vietnam Value Programme.
The ranking of Vietnamese brands has been continuously improved thanks to the government’s efforts to promote economic growth, with a significant contribution of the Vietnam Value Programme. The successes amid the programme have become a solid foundation and promise to increase competitiveness of Vietnamese businesses on the global stage. ....

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RCEP a bright spot in bleak global economy


Sunday, 19:41, 03/01/2021
The COVID-19 pandemic has cast a long shadow and created uncertainty over the global economy. The signing of the Regional Comprehensive Economic Partnership (RCEP), however, offers a beacon of hope, as it marks a victory for multilateralism and free trade regionally and globally.
Vietnamese Prime Minister Nguyen Xuan Phuc (left) and Minister of Industry and Trade Tran Tuan Anh, together with leaders of other RCEP member countries, witness the pact signing via videoconference on November 15
After eight years of negotiations, ASEAN and five of its partners finished an enormous workload to successfully conclude the deal, Prime Minister Nguyen Xuan Phuc said at the signing ceremony, which took place on November 15 within the framework of the 37th ASEAN Summit and related meetings hosted virtually by Vietnam. ....

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