Vietnam, US businesses sign contracts worth over US$2.2 billion
The contracts will contribute to a balanced bilateral trade and economic relations for sustainable and mutual benefits.
The contracts will contribute to a balanced bilateral trade and economic relations for sustainable and mutual benefits.
Local firms are taking advantage of opportunities from the deal at a time when trading activities are struggling with Covid-19 impacts.
Vietnam’s strong fundamentals remain and the country has built an enviable position in the global supply chain over the past years through its set of FTAs.
Stocks from firms in fields of retail, tourism, or aviation may become attractive once the process of reopening the economy is accelerated.
Agriculture has been a prominent field in Vietnam-Africa cooperation with many projects in execution.
The ASEAN Trade in Goods Agreement (ATIGA) is a major driving force that is aimed at facilitating trade among country members.
Trade, investment, and economy are major pillars in cooperation between Vietnam and its key partners.
Tightening imports of goods that Vietnam has abundant supplies is the right move, especially when the pandemic is wreaking havoc on the economy.
With the funding, local banks have issued 974 guarantees valued at US$686 million to support exporters and importers.
Potential disruption of supply chains as a result of the pandemic is making it hard for local enterprises to fulfill their contractual obligation to partners.