The bilateral trade relations further developed after the U.S. granted Vietnam permanent normal trade relations (PNTR) status as part of Vietnam’s accession to the World Trade Organization (WTO) in 2007. The U.S. and Vietnam also came to a Trade and Investment Framework Agreement (TIFA) in 2007. Vietnam's foreign trade has been growing fast since state controls were relaxed in the 1990s. The country imports machinery, refined petroleum, and steel; it exports crude oil, textiles and garments, and footwear. The balance of trade has in the past been positive but recent statistics (2004) showed that it was negative.

The United States supports Vietnam’s law enforcement professionalization, regional cross-border cooperation, and implementation of international conventions and standards. Vietnam is a partner in nonproliferation regimes, including the Global Initiative to Combat Nuclear Terrorism, and takes advantage of expertise, equipment, and training available under the Export Control and Related Border Security program. In 2018, the Vietnamese government passed several new and amended laws which are going to come into effect in 2019. The laws primarily focus on wages, environmental projects, food industry, rural development, cybersecurity, and administrative procedures. Labor. Minimum Wage Vietnam does not require a company to have an import or export license to set up a trading company. However, to be able to conduct import or export business, a foreign investor must register with the Department of Planning and Investment (DPI). Trade Balance. The U.S. goods trade deficit with Vietnam was $39.5 billion in 2018, a 3.0% increase ($1.2 billion) over 2017. The United States has a services trade surplus of an estimated $1.2 billion with Vietnam in 2018, up 19.9% from 2017. Investment

Vietnam has a number of laws and regulations requiring sustainability in forest The timber processing and trading facility must maintain wood log books to 

the Government of Vietnam (GVN) issued Decree 04/2020/ND-CP on penalties for administrative violations of regulations Cotton: World Markets and Trade. Vietnam's Global Competitiveness. 35. Free Trade Agreements. 37. Structure of the Economy. 39. Laws and Regulations Commitment. 40. 10 reasons to invest  Vietnam seeks to attract more foreign investment with two new laws including the Trans-Pacific Partnership (TPP), and the upcoming trade agreement with the   4 Nov 2019 Trade relationship. Vietnam has been Canada's largest trading partner in the ASEAN region since 2015. In 2018, two-way merchandise trade  24 Sep 2019 Ha Noi, Viet Nam, 24th September 2019—TRAFFIC partnered with the (VPA) on FLEGT (Forest Law Enforcement, Governance and Trade), 

29 Oct 2019 Vietnam Is a Trade War Winner. Now It Has to Figure Out How to Stay Ahead. By Michelle Jamrisko. October 29, 2019.

30 Jan 2018 It applies to illegal killing as well as transporting, trading, storing and selling endangered species products. Fines can also be levied against  13 Aug 2012 Investment Law,” March 2006. 56 There is a dearth of data on Vietnam's bilateral services trade, but among those countries that report services  8 Mar 2020 It provides an up to date overview of the legal system in the context of investment, labour law, free trade agreements, corporate law etc. It includes  GTDT provides first-step legal analysis of the legal frameworks in 117 practice areas As a member of the World Trade Organization, Vietnam has established a  Vietnam product, vietnam products, vietnam trade, vietnam furniture, vietnam seller, vietnam buyer, vietnam lacquer, vietnam food, vietnam garment, vietnam  the Government of Vietnam (GVN) issued Decree 04/2020/ND-CP on penalties for administrative violations of regulations Cotton: World Markets and Trade. Vietnam's Global Competitiveness. 35. Free Trade Agreements. 37. Structure of the Economy. 39. Laws and Regulations Commitment. 40. 10 reasons to invest 

Understanding Vietnam's Import and Export Regulations. GBS - Once an investor has set up their trading company within Vietnam, it is important that their 

5 Sep 2018 The Association of Southeast Asian Nations (ASEAN) 1967;. Vietnam is also the signing party to a number of the Free Trade Agreements: ASEAN  For further information, visit the Vietnam Customs. Additional Information. Free Trade Agreements. Increased trade creates more Australian jobs and delivers more 

Trade Balance. The U.S. goods trade deficit with Vietnam was $39.5 billion in 2018, a 3.0% increase ($1.2 billion) over 2017. The United States has a services trade surplus of an estimated $1.2 billion with Vietnam in 2018, up 19.9% from 2017. Investment

1. Goods and services displayed and introduced at trade fairs and exhibitions in Vietnam are permitted to be sold, presented as gifts or provided at such trade fairs and exhibitions; for imported goods, registration thereof must be made with customs offices, except for the cases specified in Clause 2 of this Article.

18 Dec 2019 After a legal review, the final texts were agreed by both parties in June 2018 and signed in June 2019. The European Parliament has started its  4 Nov 2019 Joint NGO Letter on EU-Vietnam Free Trade Agreement conformity with international human rights law;; Allow the publication of uncensored,  1 Nov 2017 No legal requirements for 5 sub-categories This page provides an Illegal logging and trade in illegal timber is a serious problem in Viet Nam  25 Oct 2015 trade agreements including the EU-Vietnam FTA and the Transpacific Partnership Agreement (TPP). Since July 2015, a number of new laws