There will be a lot of opportunities for Vietnam to export its seafood products to the Republic of Korea once the free trade agreement between the two countries is signed in 2015, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
There will be a lot of opportunities for Vietnam to export itsseafood products to the Republic of Korea once the free tradeagreement between the two countries is signed in 2015, according to theVietnam Association of Seafood Exporters and Producers (VASEP).
The agreement stipulates that Vietnam will enjoy numerouspreferential treatments, including tariff reductions for agricultural,seafood, apparel, and mechanical engineering products.
This is the first time the RoK has opened its market to “highlysensitive” products, including shrimp, fish, cuttlefish and octopus fromoverseas.
The RoK is the fifth biggest importer of Vietnamese shrimp, behind the US, Japan, the European Union, and China.
Shrimp exports to the country brought Vietnam 317.8 million USD in 2014, a 41.3 percent increase from 2013.
The RoK has become one of the three top destinations for Vietnamesecuttlefish and octopus with a substantial 26.5 percent growth in 2014,especially with export revenue in the second quarter soaring by 58percent from the same period in 2013.
Vietnamese enterprises now consider the RoK a stable market for Vietnamese seafood products.-VNA
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
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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.
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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.
