Vietnam and Cuba are striving for the joint implementation of concrete measures to effectively realise the Vietnam-Cuba Free Trade Agreement and raise their two-way trade to US$500 million by 2025.

Foreign direct investment (FDI) registered in Việt Nam hit US$28.53 billion in 2020, a year-on-year decline of 25 per cent due to the significant impact of the COVID-19 pandemic, a report from the General Statistics Office (GSO) revealed.

The UK – Việt Nam Free Trade Agreement (UKVFTA) was officially signed in London on December 29. On this occasion, Heather Wheeler, MP and British Prime Minister’s Trade Envoy for Cambodia, Laos, Việt Nam and Vietnamese Minister of Industry and Trade Trần Tuấn Anh spoke with Vietnam News Agency about opportunities and challenges of the newly-signed trade deal

Vietnam gained 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10 percent of the world’s coffee value and 18 percent of the market share, according to the Ministry of Agriculture and Rural Development (MARD).

Issuing date: 31/12/2020 Issuing authority: The Government

Vietnam and the U.K. signed a bilateral free trade pact Tuesday to maintain their existing relationship once the Brexit transitional period ends on December 31.

Vietnam boasts huge potential to increase shipments to Mexico, Peru and Chile – the three Latin American nations having high tariff-reduction commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The post-Covid-19 period is a decisive opportunity for Vietnam to realize its aspirations to become a high-income country by 2045, and continue to strongly promote the process of economic restructuring and transformation of the growth model in order to completely overcome internal weaknesses, in parallel with solving a series of newly arising problems.

The United Kingdom (UK) and Vietnam have signed a new free trade deal (UKVFTA) to ensure continuity of their trade once the Brexit transitional period ends on December 31, 2020. The agreement signed in Hanoi in mid-December marks a new beginning in bilateral relations.

There is plenty of room for Việt Nam and India to strengthen investment and trade ties in the future, said Bùi Trung Thướng, Trade Counselor at the Vietnamese Embassy in India.