Vietnamese rice imported by Vinamex is sold at the Carrefour supermarket in Brussels. Fragrant rice has been consumed in large quantities in Europe for a number of years, but not much has been Vietnamese. Rice from Vietnam has been subject to a relatively high import tax of 5% to 45%, depending on the variety. There are even some EU countries that impose an import tax on Vietnamese rice of up to 100% or higher. Under the EVFTA, the tax rate on rice is 0%, and if Vietnam makes good use of the opportunity to export its 80,000-ton quota then export turnover could quadruple compared to the present figure. … [Read more...] about Vietnamese agricultural products given opportunity to enter Europe
Fast moving consumer goods meaning
The mountains, dense with old natural forests, seemed to invite us in, and it was an invitation we accepted as we began our descent. The thickness of the forest was such that we had to ensure we wouldn’t get lost by moving in a line, with the person in the front virtually creating a route. At several junctions we took the extra effort of blocking misleading turns with rocks and tree trunks so others could avoid getting lost later on. … [Read more...] about On difficult but beautiful trekking route Ta Nang-Phan Dung
The European-Viet Nam Free Trade Agreement (EVFTA) is also expected to be approved by the 14th National Assembly in its ongoing ninth meeting. Under the agreement, tax imposed on exports from Viet Nam to EU will be eliminated as soon as EVFTA takes effect or shortly thereafter (maximum seven years). Thanks to the EVFTA, Viet Nam’s revenue from exports to the EU is forecast to surge by 44 per cent by 2030. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
If there is more trade from the EU to Vietnam, it is likely that the EVFTA will trigger a new wave of FDI from the EU into this country. Investments from the EU are of top quality. European FDI comes with high standards of corporate social responsibility for protecting and training workers and employees, as well as for respecting and protecting the environment. These spillover effects are essential for economies like Vietnam to avoid the middle-income trap. It allows Vietnam to promote economic growth, create better jobs at the same time while ensuring sustainable development. … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment