Ministers rush to do deals with countries UK trades with under EU free trade arrangements

More and more Russian businesses want to study investment opportunities in Vietnam and attract Vietnamese firms to invest in Russia, Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation, said at a working session with Vietnam’s Ministry of Industry and Trade in Hanoi on March 14.

Southern localities of Vietnam has been a major destination for investment from the Republic of Korea (RoK) in recent years, and local textile-garment and footwear industries have proved to be a magnet for an influx of capital from this country.

Vietnam needs a strategy to promote the development of private firms with a focus on quality, as their contribution to the economy remains modest, attendees heard at a conference in Hanoi on March 15.

Vietnam is becoming increasingly attractive to foreign investors thanks to the FTAs it has or is going to sign, its upgraded position in the world and it image as an ideal ‘shelter’ in the US-China Trade war. Analysts say that in such conditions, banking will be one of the sectors to benefit.

The strategic partnership between Vietnam and Germany has entered a new stage of development, Vietnamese Minister of Planning and Investment Nguyen Chi Dung said at a recent event in Germany.

Export of shrimps has been facing several challenges as shrimp export value merely touched US$3.6 billion, down 7.8 percent over the same period last year although the shrimp farming area and production rose 3 percent and 6.3 percent respectively.

The EU-Vietnam Free Trade Agreement (EVFTA) and Industry 4.0 are two significant factors that should be utilized to help guarantee success in the next phase of Vietnam’s development, heard a conference held in Hanoi on March 14.

Serbia and the members of the Moscow-led Eurasian Economic Union (EAEU) have resolved controversial issues related to brandy and cheese quotas, paving the way for signing a comprehensive free trade agreement.

U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.