Other trade agreements

Vietnam - America

Vietnam’s total investment abroad reached US$570.1 million in the first seven months of this year, nearly 2.3 times higher than the same period last year, with the largest investment poured into the US, according to Foreign Investment Agency.

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The USTR on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take tariff action against Vietnam.

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The U.S. is discussing whether to move toward imposing tariffs on Vietnam over currency actions.

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Vietnam has been receiving a capital influx from US investors targeting the rising affluent classes, tech-enabled businesses, and flourishing manufacturing industry.

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The US Department of Commerce (DOC) is likely to continue applying anti-dumping duties on polyethylene (PE) retail carrier bags imported from Vietnam

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The US Department of Commerce (DOC) has announced the final results of the 16th period of review (POR16) for the period from August 1, 2018 to July 31, 2019, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.

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Seafood exports to the US market have continuously increased, especially in recent months. Vietnamese businesses are producing products that are popular among American consumers.

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Boasting huge production advantages and capitalising on good market opportunities, Vietnam’s furniture sector has stood firm amid COVID-19 and improved its position in the global market and especially in the US.

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Vietnamese exports to the US are increasing sharply as that country seeks to diversify supply to meet consumer demand and revive its economy after the Covid-19 pandemic.

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Decision No.171/2001/QĐ-TTg of November 1, 2001

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