(Haiphong.gov.vn) - On the afternoon of December 9, the Department of Industry and Trade organized a workshop on "US-China trade tensions" affecting the Vietnamese economy and businesses. In […]
(Haiphong.gov.vn) – On the afternoon of December 9, the Department of Industry and Trade organized a workshop on "US-China trade tensions" affecting the Vietnamese economy and businesses.
At the conference, delegates were provided with information by Associate Professor Dr. Nguyen Van Lich about the causes and developments leading to US-China trade tensions; measures the two countries have applied in recent times; the impact of the US-China trade war on the Vietnamese economy; Solutions for Vietnam...
Accordingly, trade tensions between the two powers America and China officially took place from March 22, 2018. Since then, the escalation of tensions between the world's two largest economies has crossed the two countries' borders, strongly impacting the global economy and Vietnam.
Delegates of relevant departments, branches and businesses attended the Conference
The products the US taxes on imports from China are all part of Vietnam's export strength. This is a good opportunity for Vietnam to gain market share. Besides the positive impact, Vietnam will also suffer adverse impacts due to its small and highly open economy, heavily dependent on import and export. Meanwhile, the US and China are Vietnam's two largest foreign trade partners. Therefore, when two major partners have conflicts, it will cause certain impacts on import and export activities; Concerns about evasion of trade defense measures, origin fraud as well as the domestic financial and monetary market...
The seminar provides information to help Hai Phong businesses have a panoramic view of the trade conflict between the world's two leading economies. From there, proactively have appropriate response solutions for businesses in the current integration trend...
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