ASEAN economic ministers officially signed the ATISA on April 23, 2019. (Photo: VNA)
Hanoi (VNA) – The Vietnamese Government on October 18 issuedResolution 131/NQ-CP ratifying the ASEAN Trade in Services Agreement(ATISA).
The Ministry of Planning and Investment is tasked with collaborating withother ministries and agencies to implement the deal when it comes into force.
ATISA is considered a new step in ASEAN 's integration process ofservices. Upon coming into force, the pact will replace the ASEAN Framework Agreement on Services (AFAS) thattook effect in 1995.
As a principle, ATISA establishes frameworks to implementliberalisation commitments from AFAS, reduce discriminatory barriers betweenservice providers, and lay a solid legal foundation and a more transparentmechanism for trade in services in the region.
ATISA applies a "negative list" approach, underwhich all services sectors are considered as liberalised by default. A Statewould then list only those sectors/sub-sectors in which it has taken measuresthat it considers to run counter to the obligations of the agreement (alsoknown as non-conforming measures).
ATISA also includes three sectoral annexes namely Annex onFinancial Services, Annex on Telecommunication Services, and Annex on AirTransport Ancillary Services. These annexes include sector-specific obligationsintended for deeper commitments and strengthened regulatory cooperation. Inaddition, the agreement also has Appendices I and II including the list ofnon-conforming measures of each ATISA member country./.
The ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA) were inked by ASEAN economic ministers in Thailand on April 23.
The 51st ASEAN Economic Ministers’ Meeting (AEM 51) and related meetings officially opened in Bangkok on September 6, bringing together economic leaders from the 10 member countries of the Association of Southeast Asian Nations (ASEAN) and partner countries.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
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.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
ASEAN economic ministers officially signed the ATISA on April 23, 2019. (Photo: VNA) 
