Vietnam and the Republic of Korea (RoK) looked into measures to reduce trade disputes, tackle emerging issues in this field, and step up cooperation in anti-dumping investigations, at a conference on November 6.
A view of Busan Port in the Republic of Korea. (Photo: AFP/VNA)
Seoul (VNA) – Vietnam and the Republic of Korea (RoK) looked into measures to reduce trade disputes, tackle emerging issues in this field, and step up cooperation in anti-dumping investigations, at a conference on November 6.
At the eighth conference on cooperation in trade remedies, jointly held by the Korea Trade Commission under the Ministry of Trade, Industry, and Energy, and the Trade Remedies Authority of Vietnam at the Ministry of Industry and Trade, the two sides also sought ways to enhance bilateral trade.
Since the Vietnam-RoK Free Trade Agreement (FTA) took effect in 2015 and the two countries signed a deal on expanding collaboration between their trade remedies agencies in 2018, they have engaged in discussions on each country’s import regulations and established a cooperation channel for sharing views on trade defense matters.
Regarding Vietnam's anti-dumping investigation into galvanised steel from the RoK, initiated in June, the East Asian country said the product🐭’s direct impact on Vietnam’🍸s steel industry is not significant, asking the country to thoroughly consider this issue./.
While the influx of imported goods has presented challenges, with signs of dumping and subsidisation impacting domestic industries, Vietnam has effectively countered these threats.
Thanks to free trade agreements with tariff barriers gradually being removed, the exports of Vietnamese products have been on the rise. However, they are likely to face trade defence lawsuits.
The Ministry of Industry and Trade (MoIT) will strengthen efficiency in dealing with trade remedy cases at home and abroad in the second half of this year to protect the interests of Vietnam's manufacturing and exporting enterprises.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
