Meanwhile, Cambodia has poured 65 million USD into 19 projects in Vietnam. Vietnam is now the third largest trade partner of Cambodia. Two-way trade hikes 9.8 percent on average each year.

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In 2018 alone, it surpassed 4.7 billion USD, up nearly 24 percent year-on-year. Of the figure, 3.7 billion USD was Vietnam’s exports to Cambodia.

According to the tax reduction roadmap under the ASEAN Trade in Goods Agreement (ATIGA), almost all exports-imports between Vietnam and Cambodia are eligible to a 0-5 percent tariff.

The double taxation avoidance and tax evasion agreement between Vietnam and Cambodia, which took effect on February 20, will be applied in the two nations in early 2020.

Vietnam introduces investment, trade potential in Belgium

Vietnam’s potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.

 

Vietnam rolls out red carpet for Italian investors: Prime Minister

The Vietnamese Government will create favourable conditions for Italian enterprises to invest in the Southeast Asian country, helping increase the trade value between the two nations, Prime Minister Nguyen Xuan Phuc has said.

 

Hanoi promotes investment-tourism cooperation with Japan

The Hanoi People’s Committee organised a conference to promote investment and tourism cooperation with Japan in the capital city on March 29.

 

PM calls on UAE firm to expand investment in Vietnam

Prime Minister Nguyen Xuan Phuc encouraged the United Arab Emirates’ (UAE) Investment Corporation of Dubai to expand investment in Vietnam, while hosting the group’s Executive Director and CEO Mohammed Ibrahim Al Shaibani in Hanoi on March 25.

 

Bac Giang attracts more than 20 investment projects in first 3 months 2019

(BGO) - In March 2019, the northern province of Bac Giang attracted 19 million USD of investment capital including 3 new domestic projects valued at 48 billion VND (2.1million USD) and 3 foreign direct investment (FDI) projects with the registered capital of 5.2 million USD while giving a nod to increasing the capital for 4 FDI projects by 11.7 million USD.

 

Source: VNA