Vietnam Seeking More Trade, Removing Trade Barriers

Vietnam’s prime minister ordered the country’s government to find ways to expand trade relations with its “key partners,” including by “removing barriers” to entry into the country of foreign investment, according to a July 15 report from Vietnam's Customs mouthpiece Customs News. At a July 13 government meeting, Prime Minister Nguyen Xuan Phuc heard reports of the country’s assessment of trade relations between Vietnam and several “big partners,” including the U.S., China, South Korea, the Association of Southeast Asian Nations and Japan. The country is aiming to “build sustainable and balanced trade relations with partners, to combat trade frauds, and fraudulence of goods origin,” the report said. The prime minister asked Vietnam’s ministries to introduce new policies related to “trade, monetary matters, finance-banking, IT and cyber security in order to match with advanced international standards,” the report said.