Despite a slowdown in recent years, Vietnam still offers growing opportunities for U.S. exporters and investors. Vietnam’s economic growth rate has been among the highest in the world in the past decade, expanding at an average of seven percent per year during the period 2002-2010
Ministry of Finance issued Circular No. 07/2015/TT-BTC dated 21 January 2015 to abolish Circular No. 06.2015/TT-BTC dated 20 January 2015 by Ministry of Finance on amendments of preferential import tariff on a number of petroleum items in heading 27.10 in preferential import tariff schedule.
Relations and cooperation between Vietnam with the Czech Republic and Slovakia were reviewed at a ceremony held in Ho Chi Minh City on January 31st by the municipal Union of Friendship Organisations (HUFO) and the Vietnam-Czech and Vietnam-Slovakia friendship associations.
Negotiations on the Trans-Pacific Partnership (TPP) are entering their final phase. After the session in mid December 2014 in Washington, the United States, the TPP is expected to be concluded in the first half of 2015.
Vietnam’s exports were projected at US$150 billion in 2014 and imports valued roughly US$148 billion. The trade surplus totalled about US$2 billion. Stable exportation ensured employment for workers, consumed products made by farmers, reduced inventories and boosted GDP growth.
The Southern Rubber Industry Joint Stock Company (Casumina) on January 5th, reached an agreement with its US partner to export about 200,000 tyres (worth nearly US$57 million) to the US market, in 2015.