The United States and Vietnam signed a trade and investment framework agreement (TIFA) June 21 ahead of a June 22 meeting between Vietnamese President Nguyen Minh Triet and U.S. President George W Bush. By warming up its trade relationship with Vietnam, the United States is facilitating an alternative for US investors and businesses that want to set up production operations outside China.
A bilateral economic partnership agreement (EPA) between Vietnam and Japan is likely by year-end since recent negotiations between the two nations ended positively, Vietnam's commercial counselor in Tokyo said.
The Ministry of Finance has issued new tariffs imposed on goods imported from the Republic of Korea (RoK) following the ASEAN-RoK Free Trade Agreement (AKFTA) coming into effect on June 1.
Many of the over 170 Japanese businesses present at a June 7 workshop in Tokyo on the Vietnam investment climate have spoken of their possible projects in the Southeast Asian market.
Republic of Korea (RoK)'s firms are set to invest further into Viet Nam's booming economy after a free trade agreement (FTA) between the two nations comes into effect on June 1, according to a report issued by the Korea Trade Investment Promotion Agency (KOTRA).
Amid intensifying rivalry between Tokyo and Beijing over influence in Asia, Japan is revving up its drive to strengthen relations with countries in Indochina, an economically backward but geopolitically important part of the region. The target countries are Cambodia, Laos and Vietnam, which are collectively referred to as the "CLV" countries.
Representatives of leading US companies and the Vietnamese Government yesterday expressed a consensus to strengthen bilateral trade relations and hastening the signing of a framework agreement for a free trade area joining the two countries, according to Deputy Minister of Trade Luong Van Tu.