The diplomat was quoted as saying at a recent virtual workshop that eCO will drive two-way trade between the two countries up to the target figure of US$15 billion, particularly in the context of the coronavirus currently disrupting global trade.

Vietnamese Ambassador to India Pham Sanh Chau.

The Indian government already sent a notice to ASEAN countries on April 27, asking them to approve eCO issued via its digital platform.

Immediately after that, Vietnam, as ASEAN Chair in 2020, actively discussed with the regional countries about India’s proposal in the current context of both lockdowns and travel restrictions around the world due to the coronavirus pandemic.

India’s proposal is also in line with tariff preferences under the ASEAN-India Free Trade Agreement.

Several countries such as Cambodia, Singapore, Malaysia, the Philippines and Myanmar have agreed on or are revising their regulations in order to accept India’s electronic certificates of origin.

The Vietnamese Embassy in India has also reported to the Government Office and relevant ministries to seek early approval of India’s proposal, which is expected to be a significant step forward in trade between India and ASEAN in general and Vietnam in particular.

250 Chinese traders register to visit Luc Ngan to buy lychee

(BGO) – Now, the Department of Industry and Trade (DoIT) is focusing on contacting to the distribution groups, wholesale markets, businesses, cooperatives and traders who want to visit Bac Giang province to consume lychee so as to have suitable supporting method.

Bac Giang betters pandemic fight, facilitates immigration of traders to purchase lychee

(BGO) - Vice Chairman of the provincial People’s Committee Le Anh Duong, Deputy Head of the Steering Committee for Covid-19 prevention and control of Bac Giang province chaired an online conference on the pandemic fight on 14 May.

Vietnam, Australia to boost trade, investment after Covid-19 pandemic

Vietnamese Minister of Industry and Trade Tran Tuan Anh conducted a phone conference with Australian Minister for Trade, Tourism and Investment Simon Birmingham on May 8 to discuss measures to promote bilateral cooperation in trade and investment in the post-pandemic period.

Bac Giang trade union joins hands with member to fight against Covid-19

(BGO) – Accompanying the trade unionists and laborers in Covid-19 prevention and control, the trade union at all levels in Bac Giang province has paid due attention to supporting the disadvantaged workers due to loss of job and continued cooperating with the enterprises to prevent the disease as well as stabilize the production.  

Vietnam enjoys trade surplus of US$12.4 billion with the US in Q1

Trade revenue between Vietnam and the United States climbed to US$19.5 billion in the first quarter of 2020, with the Southeast Asian country enjoying a trade surplus of US$12.4 billion, according to the General Department of Vietnam Customs.

Source: NDO