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An online trade exchange is slated to be held from May 28 to May 30 with the participation of 60 footwear importers from the US, according to the Ministry of Industry and Trade (MoIT).

Coronavirus is costing between CHF11 billion and CHF17 billion a month, putting such a strain on the Swiss economy that it will take years to recover. Swiss National Bank (SNB) chairman Thomas Jordan has predicted the worst depression since the 1930s.

(VEN) - Since it took effect in Vietnam just over a year ago, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created both pressures and opportunities for domestic businesses and sectors. 

(VEN) - The results of a recent AHK World Business Outlook survey on the trust of German businesses worldwide show that despite their concerns over the Covid-19 pandemic’s adverse impacts on production and trade in Vietnam, German businesses expect Vietnam’s economic recovery in the medium term. 

Covid-19 has become a global pandemic and so many countries and cities have applied travel restrictions and social distancing orders.

(VEN) - The Covid-19 pandemic is heavily affecting ASEAN economies, slowing growth, interrupting travel and tourism and disrupting supply chains and labor supply.
 

(VEN) - The 10-member Association of Southeast Asian Nations (ASEAN) and Japan have agreed to support each other in coping with the COVID-19 pandemic by focusing on easing its impact, enhancing economic flexibility, promoting export and solving problems faced by small- and medium-sized enterprises. The bloc, chaired this year by Vietnam, also discussed US aid for recovery from the pandemic with US Secretary of State Mike Pompeo.

(VEN) - U.S. Ambassador to Vietnam Daniel J. Kritenbrink announced on May 2 that his government will provide an additional $5 million to mitigate the impact of the COVID-19 pandemic on the Vietnamese economy.

Prime Minister Nguyen Xuan Phuc has called on member countries of the Meeting of the Non-Aligned Movement (NAM) to step up cooperation and share their experiences across all levels and spheres in the fight against the COVID-19 pandemic.

The Regional Comprehensive Economic Partnership (RCEP) remains on track to be signed by the end of 2020, said Singapore’s Trade and Industry Minister Chan Chun Sing on May 3.

The American economy shrank by 4.8 percent in the first quarter of the year, the sharpest decline since the financial crisis more than a decade ago as the coronavirus pandemic forced a near shutdown of the country, ending the longest expansion on record.

Trade between Vietnam and India would continue to grow strongly and sustainably after the COVID-19 pandemic is brought under control, Vietnamese Ambassador to India Pham Sanh Chau said on April 28.

The Asia-Pacific Economic Cooperation (APEC) region is expected to post a 2.7 percent economic decline in 2020 due to the impact of COVID-19

(VEN) - European firms operating in Vietnam are suffering under the impact of Covid-19 but are appreciative of government measures to limit the spread of the pandemic while trying to maintain economic growth.

(VEN) - Vietnam is willing to share information and experience and collaborate with other countries and territories in containing the Covid-19 pandemic globally, and the country’s efforts and achievements have been highly rated by the international community.

(VEN) - In its role as ASEAN Chair in 2020, Vietnam held two online summits - the ASEAN Special Summit and ASEAN+3 Special Summit - to discuss strengthened cooperation in dealing with the Covid-19 pandemic.

(VEN)- Singapore has adopted increasingly cautious trade policies to avoid dependence on specific export or import markets as it tackles the Covid-19 spread. Vietnam Economic News’ Thu Phuong and Nguyen Huong discussed the issue with Dr. Tran Thu Quynh, Vietnam’s Trade Counselor in Singapore.

A new trade agreement between Vietnam and Cuba officially came into force earlier this month, and is expected to help bring bilateral economic, trade and investment ties on par with their sound political relationship.

The main international creditors have agreed to suspend the payment of the debt of the poorest countries this year, throwing a financial lifeline to help them cope with the coronavirus crisis, said the French Minister of Finance on Tuesday.

(VEN) - Vietnam has abolished sugar import tariff quotas as of January 1 in keeping with its commitment under the ASEAN Trade in Goods Agreement (ATIGA).

(VEN) - Vietnam continues to facilitate trade with the US despite the expanding Covid-19 pandemic. The Ministry of Industry and Trade is directing the implementation of an action plan to develop harmonious, sustainable trade relations with that market.

(VEN) - While trade cooperation has flourished between Vietnam and Saudi Arabia, both sides are concerned about a trade imbalance. This year, the Vietnamese Trade Office in Saudi Arabia has launched a plan focusing on trade connectivity and introducing Vietnam’s products to the Saudi market.

(VEN) - Vietnam is hoping its ambitious trade agreement with the European Union, expected to enter into force this coming summer, will help it get back on its feet once the Covid-19 pandemic is controlled. 

(VEN) - Pharmaceutical multinational GlaxoSmithKline (GSK) is closely monitoring the COVID-19 pandemic and supporting global efforts to tackle it with real and meaningful actions, senior executives say.

The Vietnamese Embassy in Laos issued an announcement on April 5, recommending Vietnamese citizens who are living and studying in the host country to strictly follow its regulations on COVID-19 countermeasures.

Russia and Vietnam share similar views on most international issues and the two countries have established close and effective cooperation bilaterally and within the UN framework.

(VEN) - In an interview with Vietnam Economic News’ Nguyen Huong and Bui Hung, US Ambassador to Vietnam Daniel J. Kritenbrink said his country would prioritize bilateral cooperation with Vietnam, especially in the field of trade. 

(VEN) - Vietnam, in its role as ASEAN Chair in 2020, will continue to coordinate with regional countries to advance negotiations on the Regional Comprehensive Economic Partnership (RCEP) toward a successful conclusion and signing in late 2020.

Seven Pacific Rim countries including Australia, Brunei, Canada, Chile, Myanmar, New Zealand and Singapore have pledged to keep their supply chains open during the Covid-19 pandemic, despite ongoing shocks to trade flows.

(VEN) - Member nations of ASEAN have agreed that restrictions on cross-border movements in Southeast Asia should be based on public health considerations stemming from the Covid-19 pandemic, and should not unnecessarily restrict trade within the region. Economic ministers of the 10-nation trade pact adopted the decision at their 26th retreat in the central city of Da Nang.